Prism Development Company, the developer of The Ritz-Carlton Residences, Chicago, has sold its interest in the project to the ownership entity, NM Project Company, LLC.
Bruce Schultz and Jon Rodgers, managing principals at Prism, said that as they are in the sellout phase in the development cycle, they are happy to transfer that role to ownership, allowing them time to develop new projects.
© 2017 Real Estate Communications Group. Duplication or reproduction of this article not permitted without authorization from the Real Estate Publishing Group. For information on reprint or electronic pdf of this article contact Mark Menzies at 312-644-4610 or firstname.lastname@example.org