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Key Points
UrbanStreet Group secured a $94 million construction loan from Bank OZK for the first phase of the Motorola campus redevelopment in Schaumburg.
This initial $175 million phase of the 225-acre Veridian development will include 321 apartments and 60,000 square feet of retail, anchored by a Fresh Market grocery store.
The project aims to create a walkable downtown in Schaumburg, building on a trend of suburban "mini-urban" developments.