Two Development Sites Totaling 3.26 Acres Chicago, Illinois
LAKE MICHIGAN Devon Avenue
LOYOLA UNIVERSITY LAKE SHORE CAMPUS
ION TAT A S Sheridan Road OL
OY Albion Avenue Albion O Albion A Albion A L CT
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Loyola A Loyola Loyola Avenue Loyola
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Transit-Oriented Adjacent to Loyola University’s 50-acre campus, CTA Red Line Station and Lake Michigan
Development Two development sites available for lease: 78,000 SF and 65,000 SF Opportunity Part of Loyola Station, a $400 million, mixed-use development in Chicago’s Rogers Park neighborhood
on Chicago’s Ideal for residential or mixed-use development
North Side Convenient to Lake Shore Drive and 7 miles to downtown Chicago
Growing market population of more than 15,000 students Sealed-Bid Adjacent to the CTA’s third busiest elevated train line, averaging Offering approximately 130,000 riders per month
Deadline: Offering Package April 27, 2007 The Investment Offering is available online to qualified bidders. To receive the 150 N. MICHIGAN AVENUE Investment Offering, please visit www.newcastlelimited.com. The Investment SUITE 3610 Offering includes detailed property information, terms and conditions of the CHICAGO, IL 60601 312-252-1400 Offering and instructions on how to submit an offer. All information contained 312-252-1381 Fax in this brochure is subject to the Investment Offering. www.newcastlelimited.com Bid Process March 2007–April 2007: April 27, 2007: Property Tours by Appointment Offer Deadline Timetable
LOYOLA UNIVERSITY LAKE SHORE CAMPUS
Sheridan Road N TIO STA LA YO PHASE I LO DEVELOPMENT A PHASE I
CT Albion A Albion Albion Avenue Albion DEVELOPMENT
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Arthur Avenue Arthur A
LoyolaLoyola A Avenue 2 venue
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Master-Planned Community Overview Loyola Station is a $400 million, 5.4-acre planned mixed- Surrounding Loyola University’s Lake Shore Campus use redevelopment on university-owned land. The Uses: Lake Michigan result of a community-led planning effort, the project Highway enjoys broad-based support and will benefit from a Access: Lake Shore Drive – 1 mile growing student population. Phase I of the planned Public CTA Red Line 400,000 square-foot mixed-use development is currently Transportation: 1.5 million riders annually underway and scheduled for completion in 2008. Average Devon Avenue: 40,800 cars Loyola Station Phase II consists of two development Daily Traffic: Broadway Avenue: 27,400 cars sites totaling 3.26 acres. Both sites offer an excellent Sheridan Road: 42,500 cars redevelopment opportunity in a highly visible location near Lake Michigan, the Loyola CTA station and the 1-Mile Radius Demographic Profile (2006 estimates) university campus. Population 71,000 The Investment Offering includes detailed property Housing Units 34,000 information and instructions on how to submit an offer. Total HH Expenditures $1.2 billion The deadline for all offers is April 27, 2007. 1 6568 - 6586 North Sheridan Road 2 1225 West Loyola Avenue & 1217 - 1253 West Albion Avenue & 1200 - 1218 West Arthur Avenue
Site Area: 77,567 SF Site Area: 64,529 SF
Frontage: 152 feet on North Sheridan Road Frontage: 560 feet on West Loyola Avenue
517 feet on West Albion Avenue Existing 4-story, 48-unit apartment building Improvements: Existing 3, 2-story mixed-use buildings 5-story, residence hall (accommodates 176 students) Improvements: Surface parking lot 4-story, 48-unit apartment building
Zoning: B3-5 Business (Lakefront Protection Overlay) Vacant land RT-4 Residential Zoning: B1-3 Business C1-3 Commercial PD-34
Description: High-visibility location is ideal for the Description: Ideal location for multi-family residential. development of multi-family residential and retail.
CHICAGO CBD
CTCTAA RED LINE
Devon AvenueAvenue Loyola University
Sheridan Road Sheridan Road 2 1
N Exciting Development Opportunity
294 68 Prime Mixed-Use Location 14 294 Glenview Loyola Station is a transportation and university- Evanston
58 oriented development project in Chicago’s Rogers 90 Park neighborhood. The 5.4-acre, mixed-use project O’Hare 94 Int’l. Airport 90 Lake will be developed on Loyola University-owned 83 Michigan 19 land. For Loyola Station Phase II, two development 90 290 94 45 sites totaling 3.26 acres are being offered for lease 64 CHICAGO
50 Elmhurst 12 Oak Park on the west side of Sheridan Road, adjacent to the CENTRAL 290 38 BUSINESS 43 DISTRICT Chicago Transit Authority rail station. Both sites are 88
83 55 excellent opportunities in a highly-visible location. 294 90 34 94 LaGrange Chicago Midway North Airport
50 To receive the Investment Darien 43
Burr Ridge 294 20 12 Offering, please visit www.newcastlelimited.com Sealed-Bid Deadline: www.newcastlelimited.com April 27, 2007
Presorted First Class U.S. Postage 150 N. MICHIGAN AVENUE SUITE 3610 PAID CHICAGO, IL 60601 Chicago, IL www.newcastlelimited.com Permit No. 5999