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CHICAGO — Charlotte, N.C.-based Green Bear Real Estate Capital has closed a $87 million debt and equity private placement for a mixed-use construction project in Chicago. Located in Chicago's Old Town neighborhood, the 380,000-square-foot project will feature 250 apartment units and 30,000 square feet of retail space. Additionally, the property will feature a multi-level parking garage with 250 parking spaces and garage elevators that are accessible by residents and guests. The financing was provided by an insurance company and the structure consisted of a $59 million construction loan and a $28 million equity investment for the development of the LEED-certified, luxury residential building.