Chicago developer John Murphy is jump-starting a 12 story apartment project in downtown Skokie after he was able to secure a $38.5 Million construction loan for the building. (Rendering above courtesy of Murphy Real Estate Services)
Construction has started on GSP Development's Apex 400 Apartments located on a former Giesche Shoe site and village owned parking lot at 418-424 N. Main Street in downtown Glen Ellyn. This will be a ground-up, luxury, multi-family apartment and retail property.
After overcoming a lot of hurdles, the $900 billion pandemic relief bill was finally passed. It includes $600 stimulus payments to qualifying individuals and a new round of Paycheck Protection Program funding for small businesses that were impacted by this pandemic.