In Progress: Park Michigan

DEVELOPER: Renaissant Development Group

LOCATION: Chicago

SIZE: 80-story, 900,000 sq. ft.

PROJECTED COMPLETION: 2010

BUZZ: Park Michigan will be an 855-foot tall skyscraper and rank as one of Chicago's 10 tallest buildings south of Van Buren Street. The tower will feature green roofs as well as 376 residential units, 35,000 sq. ft. of retail, a grocery store and a spa.

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There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

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