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LG Group’s office-to-resi redevelopment of 330 S Wells, in the Loop, on shaky ground; loan troubles of a pre-pandemic project show conversion pitfalls

12/10/2024

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• Subcategory: Capital Markets: Debt, MF: Affordable, MF: Market Rate, Office: CBD

• Tag: Conversion | Default

• Additional Filters-Subcategory: MF: Highrise, Office: Highrise

• Additional Filters-Tags: Conversion: Office-to-Residential

LG Group

Daniel Haughney | Chief Investment Officer & Partner

[email protected]

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LG Development Group buys 5.1-acre site, zoned and entitled for 70-BTR-Townhomes for $3.4M ($48,571/unit) in Raleigh (5/10/24)