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Tag: CIBC BANK USA

CIBC BANK USA to spend $1,500,000.00 to expand into new space in Chicago Illinois.

CIBC BANK USA to spend $1,500,000.00 to expand into new space in Chicago Illinois.

June 16, 2020 Craig Etkin

Chicago, Illinois — According to state and local economic development sources CIBC BANK USA plans to invest $1,500,000.00 to build out new space in Chicago. The company plans to occupy the new space at 120 S…

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Boston Consulting Group signed for 23,000 square feet of office space at Neuhoff District, at 1320 Adams Street in Nashville Tennessee. Boston Consulting Group plans to move in next year. It previously leased 6,550 square feet from WeWork in One Nashville Place, at 150 4th Avenue North. When WeWork closed its downtown operations in May, BCG continued its lease directly with that building’s landlord, Unico Properties. The firm has doubled its Nashville headcount, from 40 to 80 employees, and it has been the fastest-growing BCG office.

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, the company works closely with clients to embrace a transformational approach aimed at benefiting all stakeholders empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact. Their diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. BCG works in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping clients thrive and enabling them to make the world a better place.

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Bally’s, one of the biggest gambling and interactive entertainment companies in the United States, has secured funding for its $1.7 billion casino and hotel project in downtown Chicago. The Rhode Island-based company reports that it has secured the additional $940 million needed to fully fund the project. Located in Chicago's River West neighborhood, the 30-acre property was previously the site of the Chicago Tribune printing plant, which is due for demolition. Gaming and Leisure Properties entered a deal with Bally’s for the project, as the sports betting and entertainment operator is partnered with the Pennsylvania real estate investment trust to receive $2.07 billion in total financing transactions. GLP’s role is to buy, finance, and own the property while leasing it back to Bally’s. The current grand opening date for Bally’s Chicago Casino and Hotel is September 2026, all performed in a single phase instead of two, modifying previous planning operations. Brandenburg Industrial Service Co. is the project's primary demolition contractor and is currently prepping the printing plant site. Chicago City Council has approved the casino plan, but Bally’s is still awaiting city approval for the hotel plan.

In a statement George Papanier, president of Bally’s said, “With keys to the property in hand, the new financing secured, a site plan that exceeds the original and demolition set to start this summer, let there be no doubt that Bally’s Chicago Casino and Hotel will soon rise up along the Chicago River” “We’ve been working hard in the background to restore the full hotel tower for Bally’s Chicago Casino and absolutely intend to meet the September 2026 opening date as planned.”

Chicago Community Builders Collective will serve as the project's general contractor and oversee executing the newly released plans for the hotel and relocating its original build to the other side of the site to avoid city water pipe obstruction next to the Chicago River. The new hotel will feature a pool spa and sun deck along with a rooftop restaurant bar, courtesy of HKS Chicago, a hospitality and entertainment design service. The proposal also includes up to six restaurants, a 2-acre public park, and a 3,000-seat theater. The property will also have a 2,000-foot-long extension connected to the Chicago riverwalk.

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