New Apartment Tower Planned For Streeterville

Posted by Leo Clark. on Monday, April 18th, 2022 at 4:07pm.

Apartment Development Planned For StreetervilleA new apartment tower could be coming to Streeterville. The planned high-rise sits just one block east of the Magnificent Mile on a corner lot that’s currently occupied by a parking garage.

Mavrek Development is joining with GW Properties and Luxury Living Chicago Realty to build the 21-story apartment building at the corner of North St Clair Street and East Grand Avenue. Chicago architecture firm NORR will be designing the tower, which will eventually include 248 apartments, thousands of square feet of ground floor retail space and tens of thousands of square feet of office space.

Around half of the rental apartments will be studios, while the rest will come in one- and two-bedroom layouts. A majority of the apartments will have the advantage of private balconies for outdoor space. The building will additionally offer its residents access to a rooftop swimming pool and deck, a fitness center and a coworking lounge.

While Mavrek has already developed a number of low-rise multi-family developments in the city, this marks the company’s first high-rise in the central business district. The proposed site sits close to area shops, plus it’s just down the street from a Whole Foods Market.

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