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 | Jan 31, 2018

4 ways multifamily developers can attract Baby Boomer, Millennial buyers

As Baby Boomers downsize and Millennials begin buying homes, multifamily developments in dynamic urban areas are meeting the demand.

Sports and Recreational Facilities | Jan 25, 2018

Virginia Beach: A surf town with a wave problem no more

A world-class surf park will highlight Virginia Beach’s new live-work-play development.

Market Data | Jan 25, 2018

Renters are the majority in 42 U.S. cities

Over the past 10 years, the number of renters has increased by 23 million.

Resiliency | Jan 24, 2018

A luxury community in Florida mandates resilience in new-home construction

Alys Beach’s in-house GC builds to standards set by the FORTIFIED program.

Multifamily Housing | Jan 24, 2018

Apartment rent rates jump 2.5% in 2017, led by small and mid-sized markets

The average price for one-bedroom units increased the most.

Multifamily Housing | Jan 17, 2018

The Concours at Carlisle: A condo community for gearheads

The new development will represent the only auto condo community in Central Pennsylvania.

Mixed-Use | Jan 16, 2018

Mixed-use development under construction in Detroit’s central business district

The development is being built on the former site of the Statler Hotel.

Multifamily Housing | Jan 10, 2018

Multifamily 2018 outlook: Developers tap the brakes, but will maintain historic pace

Multifamily developers are poised to register the second-highest annual completions count of this cycle in 2018, but with fewer completions than 2017’s cycle peak, according to a CBRE report.

Multifamily Housing | Jan 5, 2018

Let’s discuss the Energy Star Multifamily High-Rise Program

The demand for rental housing has been on a steady climb since 2004.

Multifamily Housing | Jan 4, 2018

Shigeru Ban’s mass timber tower in Vancouver gets city approval

The 232-foot-tall Terrace House luxury condo development will be the tallest hybrid wood structure in North America.

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