White Oak Realty Partners has nabbed a $71 million loan from Pacific Life Insurance Company for its planned 273-unit building in the West Loop.
The developer has filed a permit application with the city to build the lower five levels of the planned 19-story residential tower at the site, at 205 South Peoria Street. The permit has not yet been issued, according to city records, which also recorded the construction loan.
The project is larger than the previous version, which was planned to include 267 units and rise to 15 stories, Curbed reported earlier.
The site is one block from another of White Oak’s projects, at 111 South Peoria Street. That construction had been planned as a 13-story building with 205 rental units, but community concern over its height reduced it down to nine stories.
Both White Oak and Pacific Life did not immediately respond to requests for comment.