APARTMENTS • AMLI at Seven Bridges • Harrison Commons Apts/ Penmark Condominiums • La Terrazza at Colma Station Apartments • Park Bethesda Apartments • Munroe Place @ Quincy Center CONDOMINIUMS • E11even Condos • The Palmolive Condominiums • St. Paul Crossing • University Club Tower MIXED USE • Jack London Square • Shadyside • Washington D.C. Site Acquisition OFFICE • Broadway 655 • Central Park East RETAIL • Legacy Village • Tysons Corner Center

The Palmolive Condominiums
Chicago, Illinois

When fourth generation developer Draper & Kramer approached NEBF with the opportunity to join in the very complex, adaptive reuse of one of Chicago’s most significant historic landmarks, NEBF quickly brought to bear its sophisticated and flexible financing program.  The Palmolive Building, located in the prestigious North Michigan Avenue submarket of Chicago, was built in 1929 as an office building and is nationally recognized as one of the finest examples of Art Deco architecture in the U.S. The redevelopment plan involved multiple retail, office and commercial condominiums and sub-condominiums. Early in the Project, the events of September 11, 2001 interceded to make the Project even more difficult; however, the flexible capital structure engineered by NEBF helped Draper & Kramer mitigate the negative economic impact on the redevelopment plan, ultimately resulting in one of the finest adaptive reuse projects in the world.

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