New 2026 Apartments Coming to Chicago’s Loop: 79 W Monroe Sets a New Standard

The transformation of 79 W Monroe represents a precedent-setting moment for Chicago development. Spearheaded by Lagfin in partnership with Chicago-based R2 Companies, the project will convert an existing office building into 117 new residential apartments, helping address downtown housing demand while breathing new life into a historic Loop structure.

Preserving the Past, Building for the Future

A key focus of the renovation is honoring the building’s historic character while introducing modern, energy-efficient systems and resident-focused amenities. Planned improvements include comprehensive façade repairs, enhanced exterior lighting, and infrastructure upgrades designed to support long-term sustainability and comfort.

Importantly, the building’s ground-floor Walgreens will remain in place, maintaining a familiar retail presence at street level. Additionally, Intrinsic Charter High School will continue to occupy the lower six floors through 2045.

New Homes in the Heart of the Loop

Once complete, the residential conversion at 79 W Monroe will introduce 117 new apartments to Chicago’s Loop, expanding downtown living options in a location defined by access, connectivity, and historic character.

The unit mix will primarily feature:

• Studios
• One-bedroom residences
• A limited collection of two-bedroom layouts

Designed with urban lifestyles in mind, these residences will appeal to renters seeking a central address near major employers, public transit, dining, and cultural institutions – bringing new residential energy to one of Chicago’s most iconic downtown corridors.

Resident Amenities Designed for Urban Living

The conversion will add a suite of modern amenities designed to elevate daily life while maximizing the building’s downtown footprint. Planned resident amenities include:

• 🌆 Rooftop Deck with city views
• 🐕 Dog Run
• 🛋 Resident Lounge
• 🏋️ Fitness Room
• 🚲 Bike Storage

Together, these amenities support a walkable, transit-oriented lifestyle that aligns with the Loop’s evolving residential identity.

A Catalyst for Downtown Revitalization

79 W Monroe stands as more than just a new apartment building – it’s a model for how Chicago can thoughtfully adapt existing office stock to meet the city’s changing needs. By blending housing, retail, education, and historic preservation, the project underscores the Loop’s continued transformation into a vibrant, mixed-use neighborhood.

As construction progresses, this development is expected to serve as a blueprint for future office-to-residential conversions across downtown Chicago. Stay tuned for more updates, and fill out our contact form to stay up to date on the latest details as they become available.