New Buildings Coming to the West 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 West Loop and West Town neighborhoods. These five properties will collectively add 663 new units to Chicago’s rental market inventory.
- 1241-1245 W Jackson
- 93 Units
- February 2016
Jackson Throop Place is the latest development by Michigan Avenue Real Estate Group. This developer consistently focuses on building boutique condo-quality apartments with a strong emphasis on layout and finish level. Each unit features private outdoor space and all units have recessed overhead lighting, solid bamboo flooring, all wood custom cabinets and quartz countertops. Two bedroom units will start at $2500 including parking.
- 1247-1249 W Madison
- 72 Units
- March 2016
Madison Throop Place will be a similar option to its sister building on Jackson; however, the location at Madison & Throop offers even closer access to many of the best shops, restaurants and bars in the West Loop. Available in March, the two bedroom apartments are expected to price around $3000 including an assigned parking spot.
- 1224 W Madison
- 44 Units
- February 2016
Luxe on Madison II is the second phase of a project just west of Racine on Madison. Updated apartment finishes include quartz countertops, custom backsplash and solid plank flooring. The property will get a new screening room, expanded fitness center and community lounge. A majority of the building is studio and one bedroom units, in line with many newer West Loop offerings.
Lake and Halsted
- 171 N Halsted
- 227 Units
- August 2016
Quickly rising at the corner of Lake and Halsted, this development will feature all of the newest luxury amenities and finishes expected in a new West Loop luxury apartment building. Developers Shapack Partners, Focus Development and Atlantic Realty Partners are seeking LEED silver certification for this property, which will feature many green elements. With the closest location to the increasingly popular Randolph Street restaurants, Lake and Halsted will attract those looking to live, work and dine in the West Loop.
- 500 N Milwaukee
- 227 Units
- September 2016
With a prominent location at the intersection of Halsted, Milwaukee and Grand Avenue, developers Akara Partners and CA Ventures’ Kenect Chicago will deliver at just the right time. Near the end of the “Hipster Highway” along Milwaukee Avenue, this development is focused on attracting a tenant who values community and connectivity. Boasting 1 gigabyte dedicated internet service for all residents and a wide variety of common space amenities, Kenect will be a great second half 2016 option for many Chicago renters.
To download the complete 2016 New Chicago Apartment Guide, follow the link below.
Chicago Apartment Deals 1/22/16 [PRICING SPECIALS]
As January comes to a close, the downtown Chicago apartment market pricing is getting competitive. With 21 new apartment buildings delivering in 2016, now may be […]
Broker Round Table: Hubbard Place
The Broker Round Table Series focuses on a different luxury apartment property each week. Luxury Living Chicago Realty’s proficient team of brokers has 84 years […]
The Companies Bringing Renters to Downtown Chicago Apartments
FACT: There are 3400+ new Chicago apartments coming to market in 2016. FACT: Appraisal Research Counselors has projected total absorption for the Class-A apartment market in […]
Luxury Living Chicago Realty Welcomes Six Team Members
Luxury Living Chicago Realty is proud to announce the addition of six new team members to the company. The Brokerage Team welcomes two experienced […]