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
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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.
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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
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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)
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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.
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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.
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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
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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
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