Under the new name “Cadence,” metal paneling is now being installed for the 11-story apartment building at 2050 W Ogden Avenue in the Illinois Medical District. The mixed-use development will include nearly 10,000 square feet of ground-floor commercial space, as well as 161 apartments on the upper floors. The residences will range from studios up to two-bedroom apartments.
The building will feature a rooftop pool and penthouse lounge, additional indoor lounge space, a fitness room, a game room, and a business center. It also has accommodations for 77 vehicles, including bike storage.
The design by Piekarz Associates features a glass storefront system on the ground level, with dark metal trimmings. Aluminum composite paneling and recessed balconies on each side punctuate the top level. The penthouse enclosure and outdoor trellis are integrated within the top-floor amenity deck.
The 108-foot construction project is part of a larger plan called The Gateway, which is being developed by East Lake Management & Development in collaboration with AFL-CIO Housing Investment Trust. The first phase of this development was completed in 2015 and included two single-story retail buildings, a central plaza, and a sculpture that marks the main entrance. The next stage of this development is a six-story Hilton Hotel located to the north of the building and currently under construction, which will provide 135 hotel rooms when complete.
The closest bus transit is available for Route 50, which can be accessed via a minute-walk northeast. Additionally, several other bus routes are accessible within a five-minute walking distance. The closest CTA L service is available at the Illinois Medical District station via a seven-minute walk northeast.
This high rise tallies at a reported construction cost of $50 million. The general contractor is Global Builders Inc, with apartments set to be move-in ready by this year.