[Randomguy34]

Lincoln Yards: Episode IV – A New Hope

Real estate investor mulling plan to kick-start Lincoln Yards

Boca Raton, Fla.-based Kayne Anderson Real Estate is exploring the prospect of becoming a primary financial backer of the planned 53-acre campus and recently met with top Chicago planning officials to discuss the project, according to people familiar with the matter. Sterling Bay has spent much of the past year hunting for a new financial partner for the 14.5 million-square-foot development, which would reshape a swath of the city's North Side between Lincoln Park and Bucktown with high-rises and generate thousands of new jobs.
....
Sterling Bay and Kayne Anderson executives met with city planning officials on Feb. 26 to discuss the Lincoln Yards project, a spokesman for the city's Department of Planning & Development confirmed.

Sources familiar with the meeting said Kayne Anderson was gathering information about Sterling Bay's approved planned development and the nature of the redevelopment agreement the developer struck with the city, which includes details of a tax-increment financing district meant to help back construction of new infrastructure on the site. Kayne Anderson and Sterling Bay did not indicate a partnership or new development was imminent or propose any changes to the plan, sources said.

https://www.chicagobusiness.com/comm...-lincoln-yards