Fengate, Mavrek Break Ground on 380-Unit Mixed-Use Residential Development in Chicago
Why this matters
Mixed-use is where the most interesting urban repositioning is happening. Office-to-residential conversions in Manhattan, Washington, and Philadelphia have moved from pro-forma exercises to closed transactions, and walkable suburban densification is drawing patient capital with longer hold periods than the traditional core or value-add fund structures support. Chicago capital flow has been concentrated in industrial along the I-55 and I-80 corridors and in the most select downtown trophy office submarkets. Multifamily transaction volume has moved up in the Near North and West Loop. For allocators, mixed-use offers exposure to multiple property types within a single basis, which has become attractive as monoline sector forecasts have widened.
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On the RET wire
- The 43rd Chicago story tracked on the wire in September 2026. All Chicago coverage →
- One of 22 mixed use stories tracked on the wire in September 2026. All Mixed Use coverage →
Computed from Real Estate Trail’s own tracked coverage
Fengate Asset Management and Mavrek Development recently celebrated the groundbreaking of Julep West Loop, a new 25-story mixed-use residential development in Chicago’s West Loop neighborhood. The development will del…
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Related coverage — Chicago · Mixed Use
Fengate, Mavrek Break Ground on 25-Story Apartment Tower in Chicago’s West Loop
CHICAGO — Fengate Asset Management and Mavrek Development have broken ground on Julep West Loop, a 25-story apartment tower in Chicago’s West Loop neighborhood. The development will include 380 units, including 76 aff…
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