CEDARst’s mixed-use project secures construction loan

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CEDARst Cos. has secured financing for The Draper at 5050 N. Broadway, a mixed-use development in Chicago’s Uptown neighborhood.

The project involves the conversion of a former 400,000-sq.-ft. office building into 342 residential units, reports ReBusinessOnline.

Pepper Construction is the general contractor and Booth Hansen is the project architect.

The developer expects to break ground in 2020.

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