News

Kensington’s biggest development in 40 years: A senior living community

August 22, 2019

Jeff Clabaugh | WTOP

McCaffery has partnered with AEW Capital Management to form a joint venture for “Modena Reserve at Kensington,” a 167,000-square-foot senior living community that is expected to be completed by early 2021. “This is the largest project the town has had in over 40 years,” said Kensington Mayor Tracey Furman, who has been an advocate for the project.

Developers Secure Financing To Break Ground On $75M Senior Living Project In Montgomery County

August 22, 2019

Jon Banister | Bisnow Washington D.C.

McCaffery and Solera Senior Living announced Thursday they established a partnership with AEW Capital Management and secured a construction loan from M&T Bank to break ground on the 135-unit Modena Reserve at Kensington. The $75M project is expected to break ground this month on a 2-acre site at the intersection of Metropolitan Avenue and St. Paul Street and deliver in early 2021. The 167K SF building is planned to include a 10K SF courtyard, multiple restaurants, a wine bar, a café, a penthouse lounge and a fitness center.

McCaffery and Solera Senior Living to Develop $75M Project in Kensington, Maryland

August 21, 2019

The two-acre site, located at the intersection of Metropolitan Avenue and St. Paul Street, will offer 135 upscale senior living apartments and a café. The project will implement the latest sustainable design and construction practices and will target LEED® Certified designation. “This is the largest project the town has had in over 40 years,” says Mayor Tracey Furman. Mayor Furman has been an advocate for the project since the proposal and is particularly pleased with the development’s inclusion of two Kensington historic buildings.

Lincoln Common welcoming four new retail tenants

August 20, 2019

Staff Writer | RE Journals

Four new retail tenants—Dearborn Denim & Apparel, Blowout Junkie, Pharmaca and Verve Wine—will soon arrive at Lincoln Common in Chicago’s Lincoln Park neighborhood. Co-developed by Hines and McCaffery Interests, the property recently leased retail space to Velvet Taco, Philz Coffee, Athletico, Compass, Play2Day, Kohler Waters Spa and the project’s anchor, a 33,000-square-foot Equinox.

Lincoln Common Announces Newest Retail Tenants

August 1, 2019

Lincoln Common, the new crossroads of Lincoln Park, today announced its newest tenants: Dearborn Denim & Apparel, Blowout Junkie, Pharmaca and Verve Wine, coming soon to the community. The new storefronts join the quickly growing roster of Lincoln Common retailers, including the 33,000-square-foot Equinox Lincoln Common anchor, Velvet Taco, Philz Coffee, Athletico, Compass, Play2Day, and Kohler Waters Spa.

A peek inside Lincoln Common: Near-identical apartment towers offer luxury living at former Children’s Memorial Hospital site

July 22, 2019

Pamela Dittmer McKuen | Chicago Tribune

When Children’s Memorial Hospital moved from Lincoln Park to Streeterville in 2012, a prime chunk of Lincoln Park real estate went up for grabs. That 6-acre, mostly triangular parcel at the crossroads of Halsted Street and Fullerton and Lincoln avenues, is now a mixed-use development anchored by a duo of sleek 20-story residential towers. Collectively, they are The Apartments at Lincoln Common.

As Lenders Turn From Retail, Other Sectors Take Its Place

July 10, 2019

Brian Rogal | Bisnow Chicago

“There is a ton of money out there, in fact, there is more money than there are deals. We’re a very conservative institution in terms of what we pursue, and there are deals we walk away from, and then we later found out someone else found money for it.” His company recently welcomed the first residents to The Apartments at Lincoln Common, a 538-unit community it developed with Hines in Lincoln Park.

All Of The New Restaurants, Shops And Redevelopment Projects Coming To Pittsburgh

June 26, 2019

Larry Richert & John Shumway | KDKA News

Strip District Ground just broke on a project at the old produce terminal. Pollock says the Strip is doing very well right now and is transforming with more retail, residential business and restaurants.

Q&A: Dan McCaffery

June 18, 2019

Matt Baker | RE Journals

Dan McCaffery has had a celebrated career in real estate spanning thirty years. He currently serves as CEO of McCaffery Interests, the firm he founded in 1990 that is behind a number of projects in Chicago and around the country. He spoke with us recently about his latest projects—including the recently completed Twelve01West in Fulton Market and the under construction Lincoln Common in Lincoln Park—as well as how the industry has changed, lessons learned and what motivates him when it comes to real estate development.

Stores in Pittsburgh’s landmark Produce Terminal could move in by October

June 11, 2019

Bob Bauder | Trib Live

“If you’re Italian and from western Pennsylvania, this building connects to you directly,” Peduto said Tuesday. “It’s going to see another 100 years. We’re going to give her a brand new use and this building will be the lifeblood of the regeneration and rejuvenation of all along the Allegheny River from the Strip into Lawrenceville and all the way into Downtown.” Peduto was among dozens of public officials and dignitaries on hand for a ceremonial groundbreaking of the historic terminal building that once provided fresh produce throughout this end of the state. Chicago-based McCaffery...

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