CLIENT SPOTLIGHT:
VILLAGE OF MUNDELEIN We were proud to represent the Village of Mundelein in connection with Flaherty & Collins’s $90 million AREA Apartments project, a significant downtown mixed-use development that will serve as a catalyst for long-term revitalization. Our firm’s representation
centered around a unique public-private partnership, in which the Village filled the project’s financial gap by acquiring an equity interest in the project, in exchange for Village-owned land and otherwise payable Village impact fees. As part of its financing, the developer also immediately monetized a Village-issued tax increment finance note. The project will transform a long-vacant site in the heart of the Village into a vibrant, transit-oriented community featuring 225 multifamily units, 17 rental townhomes, retail space, and a parking garage. Located along Metra’s North Central Service line, the development offers convenient access to Downtown Chicago and the surrounding region while supporting walkability and connectivity within downtown Mundelein. When completed, AREA Apartments is expected to bring new energy, housing, and opportunity to the Village’s core. Our team— Matt Norton , Betsy Gates-Alford , Brad Ader , and David Schoenherr —provided integrated legal services, including tax increment finance, corporate structuring, zoning and subdivision, and transactional real estate, helping the Village prepare the complex agreements necessary to achieve this unique public-private partnership designed to support economic growth and community development.
We were proud to represent the Maafa Redemption Project as it broke ground on its new arts and activism center in Chicago’s West Garfield Park neighborhood. Partners Nicholas Gowen , Rebecca Huston , Matt Norton , and Douglas Wambach led the transaction to develop the parcel. MAAFA Redemption Project is a faith-based residential institute for emerging adult men of color and offers residential support, workforce training, and a host of wrap-around social services in the community. MAAFA REDEMPTION PROJECT
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