Beal Properties buys 75-unit Webster Square in Lincoln Park for $36M ($480k/unit); Sandz Development converted the former Lincoln Park Hospital campus into apartments and retail in 2014

  • 10/23/2025

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Key Points
Sandz Development sold the Webster Square Apartments for $35.8 million to Bill Silverstein, founder of Beal Properties.
The 75-unit building at 558 West Webster Avenue includes nearly 20,000 square feet of ground-floor retail and is located in Lincoln Park.
The property is an example of an adaptive reuse project, converting part of the former Lincoln Park Hospital campus into apartments in 2014.

Beal Properties
Joshua Samson | Director, Rental Operations

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