Represented the University of Illinois at Chicago in its relationship with the private party developer of University Village and in connection with its retail leasing. University Village is a new neighborhood consisting of 900 new residential units and blocks of new retail properties. In 2007, the project received the Phoenix Award for Community Impact.
Foley also has counseled the University for its tax increment financing issues and in connection with the development agreements and restrictive covenants in play between the University and the adjacent private housing. The representation includes all aspects of environmental remediation, including the allocation of costs between the parties and negotiations with the state regarding remediation standards and schedules. Foley continues to represent the University for these development matters as well as landlord tenant litigation, lease tax matters and general real estate counseling.