Business & Tech

Hamptons of Hinsdale Officially Acquired

Oak Brook corporation's press release says development will be built as originally intended.

According to a release posted on Enhance Online News (EON) Thursday, Oak Brook's Inland Institutional Capital Partners Corporation "arranged the debt and equity financing for the acquisition" of the Hamptons of Hinsdale by Inland Opportunity Fund, L.L.C.

Read the entire release here.

"The partially-developed project will follow the original plans, previously approved by the village of Hinsdale," the release reads, "which include the construction of 26 townhomes, 93 condominiums, and three single-family residences."

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The 12.4 acres of land the residences would be built on are located near the intersection of Grant and 57th streets. The land was formerly the site of the L’Marquis apartment complex. 

For background on the controversial Hamptons of Hinsdale development, which has been stalled since 2008 due to federal court action, check out .  

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