Metropolitan Square

Development

Metropolitan Square

Transit-oriented development.

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Project type
Development
Status
Completed 2005, sold 2007
Market
Chicago Northwest Suburbs
Location
Miner Street & Metropolitan Way, Des Plaines, IL

A transit oriented development encompassing 300,000 square feet: 40,000 square feet of 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.

The capital stack included a public/private partnership with the City of Des Plaines, combining Tax Increment Financing with conventional bank debt. Tucker completed the project in 2005 and sold it in 2007.

300,000 SF
Development program
142 condos and lofts
Residential