Another apartment high-rise is poised to sprout up in Chicago’s West Loop, where the multifamily market is booming.
A venture of Riverside Investment & Development and Bluestar Properties have filed construction permits for a 14-story apartment building at 566 West Van Buren Street, Urbanize reported.
The development, designed by Antunovich Associates, will replace the recently demolished two- and three-story masonry buildings at the site.
Rising 155 feet, the building will comprise 198 units, with a mix of studios, one- and two-bedroom units, along with 2,500 square feet of ground-floor retail space. Amenities will include a fitness center, co-working space, a club room and a rooftop deck with a pool and grilling areas. A dog run and dog spa will be located behind the parking ramp along the alley on the ground floor.
Plans call for 76 car parking spaces and 99 bicycle spaces. Of the car spaces, 24 can be accessed via the public alley, while the remaining 52 spaces will be accessible through a parking ramp off South Jefferson Street.
This project is classified as an as-of-right development, requiring no formal city approvals, which means construction can commence once permits are issued. A timeline for the project has not been established.