flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Quarter-acre of land is enough space for an upscale Chicago apartment complex

Multifamily Housing

Quarter-acre of land is enough space for an upscale Chicago apartment complex

The building will hold 90 micro apartments, 40 pre-furnished extended-stay hotel rooms, and a small retail space on the ground floor.


By Mike Chamernik, Associate Editor | September 16, 2015
Quarter-acre of land is enough space for an upscale Chicago apartment complex

LG Construction + Development proposed a 15-story apartment building in Chicago's Printers' Row. Renderings courtesy LG Construction + Development (via Curbed Chicago).

Like most major cities, Chicago is tight on space. LG Construction + Development, a local developer, is proposing a 15-story apartment building that will take up only a quarter-acre plot of land in the city’s Printers’ Row neighborhood.

The complex will feature high-end, 350-sf studio units, according to Curbed Chicago. The micro apartments are meant for the area’s young professionals—people who want to live in a vibrant and convenient area of Chicago but cannot afford larger units.

The building will hold 90 rental units (which will go for about $1,000 a month), 40 pre-furnished extended-stay hotel rooms, and a small retail space on the ground floor.

The top floor of the building will have meeting rooms, work areas, and an outdoor green roof. A design architect has yet to be selected.

What's it like to live in such a small space? Curbed profiled a Chicago micro apartment-dweller a few months ago.

 

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 9, 2018

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.

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.

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