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 | Jun 25, 2019

New Joint Center housing report foresees steady rental demand over the next decade

However, supply shortages, especially on the affordable end, are likely to push rents even higher.

Multifamily Housing | Jun 3, 2019

11 trends in senior living

Style, flexibility, and fun highlight the latest design trends for the 55+ market.

Multifamily Housing | May 29, 2019

Grilled to order: The art of outdoor kitchens

Seven tips for ensuring outdoor kitchens deliver safe, memorable experiences for residents and guests.

Multifamily Housing | May 17, 2019

At last, downtown Dallas tower to get $450 million redo

The landmark tower has been vacant for a decade.

Multifamily Housing | May 8, 2019

Multifamily visionary: AvalonBay’s relentless attention to detail

The nation's fourth-largest owner of apartments holds more than 85,000 apartments in 291 communities. 

| Apr 28, 2019

New York Is NOT Most Expensive City for Apartment Sales Transactions

Data from Marcus & Millichap 2019 U.S. Multifamily Investment Forecast on Average Price/Dwelling Unit in apartment transactions.

Multifamily Housing | Apr 27, 2019

5 noteworthy multifamily developments

Special-needs housing in West Hollywood, Calif., and a warehouse-turned-apartments in the Twin Cities are among the notable multifamily projects to open recently. 

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