New Buildings Coming to the Loop in 2016
Our 2016 New Chicago Apartment Guide provides a comprehensive overview of the 21 rental buildings opening this year. Today we’re highlighting the luxury apartment buildings opening in the Loop neighborhood. These two properties will collectively add 1092 new units to Chicago’s rental market inventory.
- 201 N Garland
- 402 Units
- May 2016
MILA is one of the most anticipated developments in years and promises to deliver the highest level of luxury yet. Finishes are top-of-the line, featuring two toned cabinetry, luxury plank flooring and incredible views down Michigan Avenue and Lake Michigan. Service focused amenities are the real story with this building, including 24-hour-room-service and housekeeping along with in-unit package delivery and a personalized concierge. Prices will trend towards the top of the market with one bedroom units over $2300 and two bedroom units starting over $3500. MILA will provide luxury living at it’s finest.
MARQUEE at Block 37
- 25 W Randolph
- 690 Units
- June 2016
MARQUEE at Block 37 is an ambitious development by California based CIM. At 690 units, MARQEE is the largest apartment building built in Chicago since Alta at K Station in 2010. The resurgence of Block 37 retail coupled with an increased interest in Loop living will help MARQUEE. Additionally, unit sizes at this property are much larger than most new downtown offering with studios as large as 700 square feet. Expect pricing to be a touch below the highest level with studio apartments starting in the $1600 range.
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