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Baker Botts Represents Hines Interests Limited Partners in the closing of land acquisition, equity financing and construction loan financing for Wolf Point East in Chicago

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Deal Description: Hines, the international real estate firm, announced the start of construction on a 60-story, 698-unit Wolf Point East luxury apartment tower.  Wolf Point East represents the second phase of the overall Wolf Point Master Plan, a three-phase development designed by Pelli Clarke Pelli located on one of the last remaining riverfront sites in Downtown Chicago.

Wolf Point East will offer permanent, protected views down the south and east legs of the Chicago River, refined unit layouts and interior design schemes and a market-leading mix of indoor amenities and dedicated outdoor spaces.  The site offers immediate access to the Chicago River Walk and easy access to multiple transit options.

Hines is developing Wolf Point East in partnership with long-time land owner, the Joseph P. Kennedy Family, and the AFL-CIO Building Investment Trust, advised by PNC Realty Investors.

Baker Botts represented Hines in connection with all aspects of the acquisition of the land, equity financing, construction loan financing and development of the Wolf Point East project.

Baker Botts Lawyers/Office Involved: Pat Stanton (Partner, SF); Steve Marcus (Partner, Dallas); Kimberly Schlanger (Partner, Houston); Sarabeth Westwood (Associate, Houston).

 

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