After quite a few rounds of changes and design modifications, it appears a final version of 111 S. Peoria is finally on its way to becoming a reality. Now being called Illume, 111 S. Peoria will stand 9 stories high and apparently house 95 individual condo residences, which is quite the contract to the original plan of standing 13 stories high and housing 215 apartment residences.
Unlike many super luxury condo and apartment projects that have come through the pipeline in recent months and years, 111 S. Peoria will actually offer an assortment of one-bedroom residences that start just under $200,000—a rare price point for new construction in Chicago, and especially in the West Loop. Early reports are detailing that many of these entry-level one-bedrooms will be rather cozy, offering just 558 square feet. Larger one-bedroom floor plans will offer between 872 and 915 square feet, but will typically price between $370,000 and $385,000.
Two-bedroom/two-bathroom units at 111 S. Peoria will apparently start around $650,000, while three-bedroom/three-bathroom units will price somewhere around $950,000. There will also be 8 penthouse units available as well, which will cost anywhere from $1.85 million to $2.495 million.
With so many different floor plans available, perhaps the best quality about the new condo building coming to 111 S. Peoria is all the different options it will provide to active buyers looking for a stylish new place over in Chicago’s West Loop.