News

Marquette Companies secured a $56 million bridge loan on the Water Street District, a mixed-use development on the Naperville riverfront. Voya Financial provided financing for the Naperville-based developer’s 175,000-square-foot project, which includes a 158-key Hotel Indigo, restaurants, retail, a parking garage and planned office space, according to Connect Media.

On the 30th anniversary of the Fairlane Woods Estate Apartment Homes, the parent company has decided to reinvest in the property to the tune of more than $3 million. The property, 5521 Fairlane Woods Drive in Dearborn, has been a place of comfort for tens of thousands of Metro Detroit residents since opening its doors in 1988.

Marq on Main -- a new apartment and retail complex in downtown Lisle -- will be completed this year, according to the developer. Naperville-based Marquette Companies is constructing two 5-story buildings that will have commercial space on the first floor and apartments above.

Another construction crane is about to rise in the Fulton Market District after a local developer secured financing for a 263-unit apartment project on the neighborhood's west end. Marquette plans to break ground Jan. 8 on the 14-story building at the southwest corner of Lake and Ada streets.

Progress on the mixed-use residential and retail development currently under construction in Downtown Lisle should be even more evident in the coming weeks, as pre-cast columns and walls begin to go up at the site.