Major funding has been secured for the mixed-use development at 626 S Wabash Avenue in the South Loop. Located mid-block between E. Harrison Street and E. Balbo Drive, the project has undergone various design changes and recently broke ground. The development is being led by DAC Developments and Melrose Ascension.
Rendering of 626 S Wabash Avenue by Antunovich Associates
The slender mid-rise will fill a vacant lot and add density to an area currently dominated by parking lots. Designed by Antunovich Associates, the 19-story structure will include 210,000 square feet of space. The project features a unique program, combining standard apartments with co-living and student housing.
Rendering of 626 S Wabash Avenue by Antunovich Associates
The ground floor will include 3,100 square feet of retail space, along with a large lobby and a ramp leading up to the parking garage, which will offer over 60 spaces. The upper floors will contain 164 units, consisting of 80 studios, 24 two-bedroom units, and 60 four-bedroom units. The four-bedroom layouts will primarily support the co-living component. Rents for a single bedroom will start at $1,650 per month.
Rendering of 626 S Wabash Avenue by Antunovich Associates
Future residents will have access to various amenities, including a fitness center, half basketball court, lounge, co-working space, and a two-story rooftop deck. The total cost of the project is approximately $90 million, with the development team securing a $69 million loan from BridgeCity Capital. Construction is being carried out by Clark Construction and is expected to be completed within 18 to 24 months.
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This is solid infill from Antunovich. The refinements have made the design more cohesive and A+ for having glass at street level rather than screenwalls.
Beautiful…just wish it could have been taller.
Pathetic that we are the 3rd largest city and can barely get any construction. Down to 2 articles a day. NYC/NJ has something like this happening nearly everyday. They aren’t 20 times our size, they are triple our population and the metro is double. The taxes, pensions and political “leaders” have killed so much here. There should be tens of thousands of apartments being built ever year, not a few hundred.
Project news makes positive progress to begin construction soon.
Doomer: THE WORLD IS COLLAPSING!!!!
Antunovich does really beautiful, fast, solid work. 609 W. Randolph is one of my favorite newer buildings.