Tagged : West Loop Rentals

West Loop residents who are less-than-thrilled with how dense the neighborhood is becoming were recently presented with a revised plan to redevelop a site at 845 W. Madison. And while the original plan called for 627 units, the new version would still add 586 luxury rentals to the West Loop landscape, as well as 14 townhouse, 293 parking spaces, and about 10,000 square feet of retail space. 

Developers are also saying the revised version also greatly reduces its visual impact at street level, most notably when viewed from Adams & Sangamon Park, which sits directly across the street. 

In addition, the new design also includes a number of setbacks, which should help minimize shadows and still allow for the park to enjoy plenty of natural sunlight. If

Although Downtown Chicago’s luxury condo market seems to be making a strong comeback—see 4 E. Elm, 9 W. Walton, and 100 W. Huron—news about Circa922 being sold $75 million, or around $500,000 per unit, suggests the luxury rental market doesn’t appear to be going anywhere any time soon.

According to a recent report from Crain’s, Clarion Partners looks to be acquiring the 149-unit apartment building over in the West Loop—a location that, along with being extraordinarily hot over the past several years, should continue to attract renters will the opening of 1K Fulton, an ambitious new office project that will soon be the Chicago home of Google.

The entire Circa922 development includes an older, 45-unit building along with the new 10-story, 104 unit tower