More South Loop Apartment Development Possibly on the Way

Posted by Leo Clark. on Wednesday, May 29th, 2019 at 6:25pm.

Two new apartment projects are in the works for Chicago’s South Loop. The first apartment tower is slated for Wabash Avenue, while the other building is planned for LaSalle Street.

The Wabash Avenue plan is proposed to go in where a parking lot now sits at Wabash and Van Buren. The 24-story apartment tower plans for nearly 350 rental units. More than 200 of them would likely be efficiency units, while the others are planned to consist of one-bedroom, two-bedroom and even three-bedroom floor plans.

The other property, meanwhile, sits only about three blocks away. The proposed apartment building would stand 17-stories high and would include several fully furnished private bedrooms with shared common space. Rental prices would include the furnished unit, utilities and linen service.

This particular property would also offer some coworking space, plus other indoor and outdoor amenities. The project would provide bicycle parking only. Construction could begin this summer, with an opening by early 2021.

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