Construction is now at the fifth and final floor for a boutique residential building at 2423 S State Street in Near South Side. City Pads is behind the rental development, which is the second installation of a two-phase plan known as “Common McCormick.”
The developer has partnered with the co-living company Common to provide 28 shared living suites between the two buildings, yielding a total of 111 private bedrooms. The first building at 2401 S State Street is located just paces north and has already opened to residents. While 2423 S State Street is one story taller than its neighbor, it will house just a third of the planned living space to conform to its smaller footprint.
The co-living suites will provide residents with rents starting at $1,024 per month. The all-inclusive packages include furniture, cleaning services, and utilities. There will also be a rooftop amenity deck with a pergola.
Built Form is the architect for both 2423 S State Street and 2401 S Street. Both buildings feature a mix of gray metal and masonry cladding, as well as vertical bays to maximize natural light.
While there will only be 12 on-site parking spaces, the development is heavily transit oriented. Closest bus service includes Route 29 just a minute’s walk from the site, while Routes 1 and 4 can be found at Michigan & 24th Street, a five-minute walk east. Those looking to access the CTA Green Line will be able to board trains at Cermak-McCormick Place station via a seven-minute walk north.
The $6 million project is being built by ENC Construction. Completion for the second phase of the project has not been confirmed, though an official move-in date appears plausible for this year or early next year.