Thousands of New Apartments Planned For West Loop
Posted by Leo Clark. on Monday, April 25th, 2022 at 5:04pm.
Chicago’s West Loop neighborhood is on track to add more than 9,000 new apartments. If all goes as planned, reports suggest it could mean more new apartments in the West Loop than the combined total of all of the city’s other downtown neighborhoods.
Apartment development has really taken off in the Fulton Market District in recent years. There are currently about 19 multi-family developments either in the planning stage or already under construction in the district.
New residential development is perhaps the latest phase for Fulton Market, which has recently welcomed in a number of major companies and corporate headquarters. One of the latest apartment projects, meanwhile, is a 30-story building located at 160 N Morgan Street.
The developer behind it is planning to bring in around 280 new apartments with that project, plus it has plans for another three buildings in the area. That developer, alone, is projecting more than 1,300 new apartments for the neighborhood.
It’s by far not the only one. There are several other projects from other developers out there too, each of which also plans for hundreds of additional residential units.