Park Avenue Center
Miner Street & Metropolitan Way
Des Plaines, IL 60016
Size: 9.5 acres
Financial Structure: Capital stack included public/private partnership with the City of Des Plaines, which included Tax Increment Financing (TIF) and conventional bank debt financing.
Completed: 2005
Sold: 2007
Transit Oriented Development (TOD) encompassing 300,000 square feet (40,000 square feet grocery; 60,000 square feet of retail shops; 22,000 square feet of office; 142 condos and lofts; and a 250 space public parking garage).