flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

New 58-unit luxury apartment building under construction in Chicago’s Gold Coast neighborhood

Multifamily Housing

New 58-unit luxury apartment building under construction in Chicago’s Gold Coast neighborhood

The 8-story building will feature two- and three-bedroom residences.


By David Malone, Associate Editor | January 9, 2018
Rendering of 61 Banks Street designed by Booth Hansen

Rendering courtesy Draper and Kramer, Incorporated

Chicago’s upscale Gold Coast neighborhood is about to receive a new boutique rental building with a mix of 58 luxury two- and three-bedroom residences.

Included among the 58 units will be seven two-story “maisonette” row home units with direct street-level entrances and private terraces. The row homes will flank the ground floor of the property. The streetscape on all sides of the building will be enhanced by the row homes terraces as well as landscaping beds designed by Jacobs/Ryan Associates.

The building, located at 61 Banks Street, is currently under construction on the last undeveloped site on North Lake Shore Drive in the Gold Coast neighborhood. The Booth Hansen-designed project will feature an exterior of traditional cast stone contrasted by modern glass and metal architectural bays. A green roof with a large outdoor terrace with seating, dining areas, and grilling stations and enclosed amenity space will sit atop the residential building.

61 Banks Street’s two-bedroom units will average about 1,700 sf and the three-bedroom apartments will average about 2,400 sf. Each unit will offer 10-plus-foot ceilings and expanses of floor-to-ceiling windows. The apartments feature a natural palette, custom details, spa-style bathrooms, and gourmet kitchens with Bosch appliances, quartz and stone countertops, and built-in wine cools. Engineered plank flooring runs throughout each residence. Booth Hansen worked with interior architect Darcy Bonner & Associates to design the units.

Residents will have access to amenities such as a full-time hotel-style concierge, 24-hour valet parking, and the rooftop amenity space, which includes a glass-enclosed lounge, library, kitchen, and fitness center.

Rents will range from $5,500 to over $12,000.

Leopardo Companies is the general contractor for the project. Draper and Kramer, Incorporated is the developer.

Related Stories

Multifamily Housing | Jul 15, 2021

Economic rebound leads to record increase in multifamily asking rents

Across the country, multifamily rents have skyrocketed. Year-over-year rents are up by double digits in nine of the top 30 markets, while national YoY rent growth is up 6.3%. Emerging from the pandemic, a perfect storm of migration, enhanced government stimulus and a hot housing market, among other factors, has enabled this extremely strong growth.

Multifamily Housing | Jul 13, 2021

489-unit multifamily community completes redevelopment in Missouri

The community is located in Chesterfield, Mo.

Multifamily Housing | Jul 11, 2021

New fixed-wood closet system for multifamily developments introduced

VUE is a new high-quality, economical fixed-wood shelving system from Organized Living.

Multifamily Housing | Jul 11, 2021

Aluminum railing systems offer ‘versatile styling, easy installation’

Trex Aluminum railing systems offer ‘versatile styling, easy installation,' says the manufacturer.

Daylighting Designs | Jul 9, 2021

New daylighting diffusers come in three shape options

Solatube introduces its newest technology innovation to its commercial product line, the OptiView Shaping Diffusers.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021