Luxury Rental Coming to Near West Side

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West Loop real estate just got an upgrade with the addition of the luxury rental property The Madison at Racine. Located in the bustling Near West Side area, the development includes nine stories and will sit on the northwest corner of Madison Street and Racine Avenue.

The project is a joint venture with Ascend Real Estate Group, locals at Team4 Development LLC, and Intercontinental Real Estate Corp.

Designed by FitzGerald Associates Architects with a 10,000-square-foot retail space on the ground floor, the building will feature 214 units that include convertible, one, and two-bedroom units, and 227 parking spaces.

Residents, who are scheduled to be moving in fall 2014, will enjoy a convenient location where they can walk to work and be just steps away from Chicago’s popular dining scene on Randolph Street. The long list of amenities includes Wi-Fi throughout the building, a courtyard for grilling, and a café bar in the lobby.

The glass-enclosed club room on the ninth floor allows for gorgeous views of the city and is stacked with lounge areas, televisions, and a bar and kitchen for hosting parties. Outdoors, the building’s landscaped sun deck includes seating, a fire pit, pool, and hot tub.

Besides being a luxury rental, striving for an environmental design also sets the building apart with the aim to achieve Leadership in Energy and Environmental Design (LEED) certification.

Planet-friendly amenities include Zipcar rental service, charging stations for electric cars, and bike room storage. And of course, the ability to walk to work, shopping, and entertainment as well as a close proximity to public transportation are another bonus. Pet owners can take advantage of washing stations and outdoor areas for their furry friends.

The Madison at Racine will be a great addition to a neighborhood that is “over the critical point of residential expansion,” as Rebenson points out in the Tribune article. “A lot of traditional and converted loft condos have been built, but there are no other luxury rental buildings in this area of the West Loop.”