News

McCaffery's Strip District Terminal Redevelopment Announces Tenants

September 15, 2020

We're pleased to announce a number of tenants who have signed leases at the highly anticipated Strip District Terminal redevelopment!

3 new luxury residences are making sure they’re outfitted for pandemic life

August 5, 2020

Chicago Tribune

"For some, part of the lure of The Orchard in the age of COVID-19, O’Leary said, is the private entry and elevator system. The three-elevator bank will take residents directly from the garage up to the formal foyer of their home."

SCORE Receives $50 Million New Markets Tax Credit Award for 6th Award

July 21, 2020

McCaffery

McCaffery, the controlling entity of SCORE-CDE, is pleased to announce it has been awarded $50 million in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund. SCORE is a Community Development Entity that provides capital to qualifying businesses and projects in highly distressed low-income areas marked by industrial flight in Illinois and Indiana. First funded in 2012, SCORE has received $235 million in awards to date.

Mccaffery Brings The Lovesac Company to West Loop Hotspot and Suburban Shopping Center

July 16, 2020

CHICAGO, IL – July 16, 2020 – McCaffery’s tenant representation services secure The Lovesac Company’s two newest locations, at 911 West Randolph Street in Chicago’s West Loop, and 302 Commons Drive, Suite 2080 at the Geneva Commons in Geneva, Illinois. Both are expected to open by year-end 2020.

Pittsburgh artist’s digital illustrations installed at The Terminal in the Strip

July 13, 2020

JoAnne Harrop | TribLive

When you think of the Strip District, visions of markets and music and cafes enter your mind. Artist, illustrator and muralist Brian Holderman, of Holderman Art Graphics, set out to capture those images in a larger-than-life scene. He created a digital illustration showcasing the personality of the Pittsburgh neighborhood where people shop, dine, and are entertained. His works were installed on Friday at The Terminal building along Smallman Street. The area will be host to shops and office space as well as a market.

Privacy is the Newest Amenity

July 9, 2020

Carisa Chappell | The Real Deal

Chicago’s high-end condo buyers and apartment renters are shifting their priorities in a Covid world, and are seeking out units with balconies, and communal spaces with plenty of room. Dan McCaffery, CEO of developer McCaffery Interests, said Chicagoans “are spending more time at home than ever before and taking stock in those environments.” One of the firm’s developments is The Orchard Private Residences at 2350 N. Orchard St. in Lincoln Park. The 32-unit condo building under construction will open later in the summer or early fall. Units include balconies of varying sizes and for the top...

McCaffery purchases land adjacent to the Terminal project, which is seeking local businesses

July 6, 2020

Michael Machosky | NEXT Pittsburgh

With the massive, five-block Terminal redevelopment in the Strip District on its way to completion this fall, the same developer has plucked a nearby piece of land for future development. Chicago-based McCaffery Interests has acquired a 3.5-acre site adjacent to the former produce terminal from Rugby Realty, a New Jersey-based developer that had planned the $80 million Brickworks office development on the spot.

Ripe for the picking: Produce terminal developer lands more Strip District real estate

July 6, 2020

Mark Belko | Pittsburgh Post Gazette

Chicago-based McCaffery Interests has acquired a 3.5-acre site next to the terminal from Rugby Realty, which at one time had plans to build an $80 million office and retail development there. McCaffery closed on the acquisition last week. It paid a cool $19.5 million, or almost $130 a square foot, for the sprawling tract, which runs along Smallman Street from 21st to 23rd streets. The purchase adds to McCaffery’s considerable holdings in the Strip.

Got stories about the Strip? Terminal building developer is creating a website for them

May 21, 2020

Michael Machosky | NEXT Pittsburgh

Anyone is invited to submit a story to Stories of the Strip, which can be written, or a video, song, poem, sound bite or original art. The first 25 submissions will get a $25 gift card to a Strip District business, such as DiAnoia’s Eatery, De Fer Coffee & Tea, Pennsylvania Macaroni Company or Enrico Biscotti Company.

Hines and McCaffery prepare to launch The Orchard in Lincoln Park

May 18, 2020

RE Journals

Co-developed by Hines and McCaffery, The Orchard is a collection of sophisticated private residences in Chicago’s Lincoln Park neighborhood. Jameson Sotheby’s International Realty is handling sales of the condo units within the property.

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