Press Kit[1].Morgan.Loyola.2.7.08

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Press Kit[1].Morgan.Loyola.2.7.08

  1. 1. PRESS KIT THE MORGAN AT LOYOLA STATION The Morgan at Loyal Station Ground Breaking Ceremony Thursday, February 7, 2008 3:00 pm 1209 W. Arthur Avenue Chicago, IL 60626 www.morganatloyolastation.com Press Kit - The Morgan at Loyola Station / McCaffery Interests, Inc. 1
  2. 2. Press Release MEDIA CONTACT: Pamela Austin, McCaffery Interests (312) 944-3777 / paustin@mccafferyinterests.com Maeve Kiley, Loyola University Chicago (312) 915-7712 / mkiley2@luc.edu McCaffery Interests, Inc to officially break ground on it’s newest project THE MORGAN AT LOYOLA STATION ! February 7, 2008, Chicago, Illinois – Developer McCaffery Interests, Inc. (www.mccafferyinterests.com) and their financial partners, together with representatives of Loyola University Chicago (www.luc.edu), civic leaders, business owners and community repre- sentatives will gather on Thursday, February 7, 2008 at 3:00 pm at 1209 W. Arthur Avenue to officially break ground on THE MORGAN AT LOYOLA STATION (www.morganatloyolastation.com ). ! This $54.5 million project will feature 152 residen- tial apartments, 10 Loyola University Chicago–owned units, 33,000 square feet of retail, and 205 parking spaces. Lo- cated in Chicago’s Rogers Park neighborhood, THE MOR- GAN AT LOYOLA STATION is Phase I of a $400 million, 5.4-acre master-planned, mixed-use redevelopment on land owned by Loyola University Chicago known as Loyola Sta- tion. The Morgan at Loyola Station is composed of two par- cels adjacent to the University and just a few blocks from Lake Michigan at 6500 North Sheridan Road on the sites formerly occupied by the Loyola’s Fine Arts Annex and Ar- thur parking lot. Press Kit - The Morgan at Loyola Station / McCaffery Interests, Inc. 2
  3. 3. ! “We are delighted to be a part of this exciting collaboration between the University and the local community to bring together the best ideas in land use and urban planning to create a beautifully designed, mixed-use development. A place where the whole community will benefit from improved residential, retail and parking options.” commented Daniel McCaffery, President and Founder, McCaffery Interests, Inc. ! “I am confident that the Morgan at Loyola Station will be a terrific addition to our neigh- borhood and Loyola University,” said Wayne Magdziarz, Vice President, Capital Planning, Loyola University Chicago. “The expertise and commitment to quality of McCaffery Interests will ensure a strong start to this redevelopment project.” ! The project is located in the Devon – Sheridan Tax Increment Financing (TIF) District. Established in 2004, the Devon – Sheridan TIF was responsible for comprehensively looking at the area as a gateway to the University and the City of Chicago and serving as a catalyst for jump- starting the redevelopment of Loyola property. The local community participated in this effort through helping to determine land use and guidelines for developers on everything from streetlights to parking. After an extensive bid process, McCaffery Interests was awarded the de- velopment rights for Phase I in February 2007. Construction has commenced with completion scheduled for Spring 2009. ! Workers Realty Trust II, LP has agreed to provide equity capital for the project. Work- ers Realty Trust II, LP was represented by Commonwealth Realty Advisors, Inc., an SEC regis- tered investment advisor. Debt financing is provided by ULLICO Inc. the nation's only fully- unionized, provider of multi-line insurance financial services and administrative products, on behalf of Separate Account J. ABOUT THE MORGAN AT LOYOLA STA- TION: ! The building is designed to compliment the surrounding neighborhood through a vibrant com- bination of traditional and contemporary elements including a red brick and white exterior with large expansive windows. Apartments will boast roomy Press Kit - The Morgan at Loyola Station / McCaffery Interests, Inc. 3
  4. 4. convertible, 1 bedroom, 1 bedroom plus den, or 2 bed room floor plans; open floor plans with kitchen islands; in-unit washer / dryer; and spacious closets. Community amenities include a reception area with a fireplace, TV and casual seating; a fitness room, a club room, a business center, and a roof terrace with water feature, lounge chairs and BBQ grills. It will be a pet- friendly environment. Apartment rental rates will range from $1,400 to $2,600. ! The Morgan is seeking LEED-NC certification through the US Green Building Council thus it is on track to be the first green mixed-use residential building in Rogers Park. The build- ing is designed to provide residents with ready access to sunlight and fresh air via balconies, ter- races and an expansive green roof garden. Healthy air quality is being promoted through the use of low VOC paint and sealants. Materials that are sustainable and contain recycled content are being used throughout. Native and drought resistant plants will be used in the landscaping. In addition to its proximity to the CTA train station, alternative modes of transportation will be promoted through a bicycle storage room and shared car program. ! The retail component will include a mix of national and local stores and restaurants with an emphasis on convenience and services. This true upscale urban living experience has ready access to the CTA Loyola Station and Lake Shore Drive and is just 7 miles from downtown Chi- cago. For more information, please visit www.morganatloyolastation.com . ABOUT LOYOLA UNIVERSITY CHICAGO: ! Committed to preparing people to lead extraordinary lives, Loyola University Chicago was founded in 1870 and is the nation's largest Jesuit, Catholic University. Loyola has a total en- rollment of more than 15,500 students, which includes nearly 10,000 undergraduates hailing from all 50 states and 82 foreign countries. The University has four campuses: three in the greater Chicago area and one in Rome, Italy. Loyola also serves as the U.S. host university to the Beijing Center for Chinese Studies in Beijing, China. Loyola's ten schools and colleges include arts and sciences, business administration, communication, education, graduate studies, law, medicine, nursing, continuing and professional studies, and social work. Loyola offers 71 under- graduate majors, 71 undergraduate minors, 85 master's degrees, and 31 doctoral degrees. Rec- ognizing Loyola's excellence in education, U.S.News & World Report has ranked Loyola consis- tently among the "top national universities," and named the University a "best value" in its 2008 rankings. For more information, please visit our Web site at LUC.edu (http://www.luc.edu) Press Kit - The Morgan at Loyola Station / McCaffery Interests, Inc. 4
  5. 5. ABOUT MCCAFFERY INTERESTS: ! Established in 1991, McCaffery Interests is a privately held real estate asset development company specializing in the acquisition, development, leasing, and management of commercial and residential real estate properties nationwide. McCaffery Interests acquires and improves un- derutilized real estate assets and transforms them into developments that inspire the surrounding community, create opportunities and foster the ideals of smart urban growth and economic de- velopment. For more information, visit www.mccafferyinterests.com. Press Kit - The Morgan at Loyola Station / McCaffery Interests, Inc. 5
  6. 6. FACT SHEET MEDIA CONTACT:! ! Pamela Austin McCaffery Interests, Inc. (312) 944-3777 / paustin@mccafferyinterests.com Project:!! ! THE MORGAN AT LOYOLA STATION Website:! ! www.morganatloyolastation.com Location:! ! 1209 W. Arthur Avenue (at Sheridan Road) ! ! ! Chicago, IL 60626 Overview: The Morgan at Loyola Station is Phase I and the focal point of a redevel- opment program approved by the Loyola University Chicago and the surrounding community, known as Loyola Station. Description:! Loyola Station is a $400 million transportation and university oriented redevelopment project in Chicago’s Rogers Park neighborhood on University-owned land. This 5.4-acre mixed-use development will feature the finest residential, retail, restaurant and parking facilities complimented by beautifully landscaped streetscapes – conveniently located near Loyola University Chicago, the Loyola CTA Station, Lake Michigan and just 7 miles from downtown Chicago. Features: ! ! ! 152 residential apartment units ! ! ! 10 Loyola University Chicago-owned units ! ! ! 33,000 square feet of retail ! ! ! 205 parking spaces ! ! ! 650’ streetscape with abundant landscaping Construction:! ! Construction has commenced with completion date scheduled for early 2009. Press Kit - The Morgan at Loyola Station / McCaffery Interests, Inc. 6
  7. 7. FACT SHEET MEDIA CONTACT:! ! Pamela Austin McCaffery Interests, Inc. (312) 944-3777 /paustin@mccafferyinterests.com Company:! ! ! McCaffery Interests, Inc. Address:! ! ! 737 N. Michigan Avenue, Suite 2050 ! ! ! ! Chicago, Illinois 60611 ! ! ! ! (312) 944-3777 Main ! ! ! ! (312) 944-7107 Fax ! ! ! ! www.mccafferyinterests.com Founded:! ! ! 1991 by Daniel McCaffery, President Overview: McCaffery Interests, Inc. is a privately held company specializ- ing in acquisition, finance, development, construction, leasing and management of urban mixed-use properties including retail, office, hotel and residential. Project Portfolio:! ! The Market Common, Myrtle Beach, Myrtle Beach, SC ! ! ! ! Southworks, Chicago, IL ! ! ! ! The Cork Factory, Pittsburgh, PA ! ! ! ! The Bernardin, Chicago, IL ! ! ! ! Block E, Minneapolis, MN ! ! ! ! The Market Place, Arlington, VA ! ! ! ! The Market Common, Clarendon II, Arlington, VA ! ! ! ! The Market Common, Clarendon, Arlington, VA ! ! ! ! The Streets of Woodfield, Chicago, IL ! ! ! ! Mazza Gallerie Redevelopment, Washington, DC ! ! ! ! Friendship Centre, Washington, DC ! ! ! ! Post Street, San Francisco, CA ! ! ! ! 669 North Michigan Avenue, Chicago, IL ! ! ! ! Hotel Burnham, Chicago, IL Press Kit - The Morgan at Loyola Station / McCaffery Interests, Inc. 7
  8. 8. Awards: Well respected in the commercial industry for creating exciting environments, McCaffery Interests has received numerous pres- tigious awards including: 2005 Winner of the Award for Excellence from the Urban Land Institute 2004 Winner of the Design and Development Award from ICSC 2004 Finalist for the National Association of Home Builders’ Pillars of the Industry Award 2001 Washington Business Journal Best Retail Deal of the Year 2001 Delta Associates’ Mid-Atlantic Community Impact Award for an Apartment Property 2000 AIA Chicago Honor Award for Excellence in Architecture 1999 Transwestern Carey Winston DC Area Commercial Real Estate Services Trendsetter of the Year. Retail Leasing:! ! Clayton McCaffery McCaffery Interests, Inc. (312) 944-3777 cmccaffery@mccafferyinterests.com Residential Leasing:! ! ! ! ! Rainbow Russell ! ! ! ! McCaffery Interests, Inc. ! ! ! ! (312) 944-3777 ! ! ! ! rrussell@mccafferyinterests.com  Media Contact:!! Pamela Austin McCaffery Interests, Inc. (312) 944-3777 ! ! ! paustin@mccafferyinterests.com Press Kit - The Morgan at Loyola Station / McCaffery Interests, Inc. 8

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