626 S Wabash Ave (South Loop, Chicago)

This $90MM innovative traditional multifamily and co-living/student housing project in the heart of the South Loop is an entirely as-of-right 210,000 sq. ft., 19-story development with 368-beds/units, 3,160 sq. ft. of ground floor retail, 80 spaces of residential dedicated parking, and two-stories of rooftop amenities encompassing ~20,000 SF of enclosed and outdoor terrace space, including an infinity pool and hot tub that overlook the downtown skyline and Lake Michigan, a half-court basketball court, 2,000 SF of co-working space for residents, a 2,500 SF fitness center, and a 3,000 SF lounge.

Rents will start at $1,650, making it one of the most affordable market-rate new-built housing options in all of Chicago.

  • Asset Class: Multifamily Development

  • Size: 210,000 SF

  • Development Budget: $90,000,000

  • Proforma Untrended Yield: 6.50%

  • Submarket: South Loop (Chicago, IL)

  • Zoning: As-Of-Right

  • Architect: Antunovich Associates

  • General Contractor: Focus Construction

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1221 W Washington Blvd (Fulton Market / West Loop, Chicago)

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633 S LaSalle St (South Loop, Chicago)