Celadon lands $70M senior living plan at former suburban office site in Deerfield

12/16/2024

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The Real Deal

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• Subcategory: Capital Markets: Debt, MF: Affordable, Office: Suburban

• Tag: Conversion | Proposed

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

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

A different kind of office-to-residential play is taking shape in the northern Chicago suburb of Deerfield. Celadon Partners, a Chicago-based firm formed by Scott Henry and Aron Weisner, is in the process of tearing down an office complex at 1101 Lake Cook Road and will soon break ground on an affordable senior living facility that will replace it.