December 1, 2009 – As if there weren’t already plenty of rental Chicago real estate projects in the works, we have news that a new apartment tower may be going up in the West Loop. Apparently plans for a high-rise on 108 North Jefferson have been in the works for more than a year, but the project is far enough along now that it is going up for approval from the Chicago Plan Commission.

The apartment tower was originally designed to be 41 stories tall but has since been downsized to 34. The number of apartments was scaled back that much. There were to be 311 and now 304 are planned. Along with that, there will be indoor parking, some ground level retail, 9,200 square feet of green space on the roof and the development intends to gain LEED certification, according to the Chicago Architecture blog.

With developers still focusing more on apartments than Chicago Condos , anyone looking to rent has a huge amount of options right now. And there are also condo projects that have switched to rental, such as Lofts at Roosevelt Place and some like Trio and Mondial that may also go that route. And there are also quite a few apartments still available for lease at Aqua.

[tags]Chicago Apartments, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Wednesday, December 2nd, 2009 at 12:15 pm and is filed under Mortgage Information.