Private Equity
CHICAGO, Nov. 5, 2019 /PRNewswire/ -- Chicago-based real estate development firms Golub & Company and Farpoint Development are excited to announce the acquisition of Prairie Shores, a large-scale workforce housing apartment community in Chicago's Bronzeville neighborhood. The Goldman Sachs Urban Investment Group is the largest equity investor in the acquisition. The 20-acre Prairie Shores campus, located between 26th and 31st Streets on Martin Luther King Drive, includes five, 19-story towers with a total of 1,675 residential units. Originally developed between 1957-1961, the campus was a pioneering development incorporating post-war modern architecture.