After nearly a year following the initial foundation permit, a tower crane permit has been issued for an 18-story residential high-rise developed at 633 S LaSalle Street in The Loop. Developed by London-based firm, The Collective, this 162,000 square-foot, co-living project will comprise of 117 shared apartment units, collectively made up of 381 individual bedrooms.
Co-living arrangements are gaining popularity in urban centers, offering residents private bedrooms connected to shared living spaces. The Collective’s project will provide tenants with an all-inclusive package that includes furniture, utilities, linen services, and access to a variety of building amenities such as a co-working space, top-floor indoor/outdoor amenity deck, lounge, and fitness center.
633 S LaSalle Street. Rendering by Fitzgerald Associates Architects and Berkelhamer Architects
Designed by Fitzgerald Associates Architects and Berkelhamer Architects, the approximately 200-foot-tall structure adds a dynamic assortment of materials to the streetscape. The exterior combines both darker and lighter color schemes, incorporating brick, metal I-beam floor divisions, and textured concrete panels. Other details include small-pane loft-inspired windows and recessed balconies for select units.
While no off-site parking is available, the project is closely linked to Chicago’s various public transit options. Bus service within a five-minute walk consists of Routes 2, 6, 22, 24, 29, 36, 62, and 146. Meanwhile, the nearest CTA Blue Line service is available at LaSalle Station, a four-minute walk north, while the Red Line’s Harrison Station is a six-minute walk east.
Currently, there have been no indications of an official completion date. Clark Construction has been selected as the general contractor for the $45 million project, and the crane is expected to be visible on the skyline within the next few weeks.
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I like the design and concept. Curious if the demand is there.
I’d say any additions to the housing market are a net positive. Maybe the concept flops and a rearrangement occurs, but at least it’s not commercial.
The loop is the fastest growing community area in Chicago and possibly the fastest growing downtown in the country by % increase in residents. I think there’s a lot of demand and we need many more projects like this to keep the area semi-affordable.
Nice to see a tower crane going up anywhere right now. Hopefully, we keep seeing more go up with so many projects approved everywhere.
This concept is thriving in Lincoln Park, Rogers Park, and on the South Shore
I’ve been curious about demand for this type of housing. It seems kind of premium to target students (of which there are a good amount in the area). But also those with means generally would prefer more privacy id think.
Anyone know the demographics of who lives in these buildings? Do they lease for < 1 yr?
Hi Garth, I looked into your question and from my understanding the demand for co-living apartments has been growing pretty rapidly over the last several years (though this could change based on future housing trends), and Chicago is one market where the relatively higher housing costs may sway some to co-live while saving on rent. The main market appears to be both students as well as young professionals who either work remotely or are in the gig economy. As for the leases, they usually lean slightly on the shorter side compared to other apartment living options. There are some that do 12 months, but there are a lot more that do month-to-month or 3 to 6 months
This is technically the South Loop, right?
Excellent design.