Continuum pays $31M for Evanston site set for 27-story tower; Church Street Plaza redevelopment proposal takes step with aid of $27M loan from T2 Capital

9/16/2025

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The Real Deal

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• Subcategory: Land: Housing, MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: Land: Multifamily, MF: Highrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: T2 Investments (T2 Capital Management)

Key Points
Continuum Capital acquired Church Street Plaza in Evanston for $31.2 million, with a $26.5 million loan from T2 Capital, to redevelop it into a 27-story, 358-apartment tower.
This deal, along with other recent financing in Chicago's West Loop, indicates a renewed momentum in the Chicago-area apartment development market despite previous challenges like rising costs and difficult fundraising.