Monday, January 5, 2015

24-Story Apartment Building Proposed for 600 S. Clark St.

Renderings of proposed apartment building at 600 S. Clark (via Curbed Chicago)
And another apartment tower is proposed (via Crain's):
Parking Garage where 24-story
apartment building is being proposed (via Crain's)
The South Loop has emerged as a crowded place for apartment construction, but a development group is wagering there's still room to build more rentals in the neighborhood.  
A venture of Dan Moceri, CEO of Schaumburg-based Convergint Technologies, his son Michael, an architect, and Thomas Roszak, who leads his namesake Chicago architecture firm, want to tear down the parking garage at 600 S. Clark St. and build a 24-story, 202-unit apartment building, Michael Moceri said in an email. The garage is owned by a venture of venture of Chicago investor Arthur Holmer.
If you recall we posted about this trend in one of our 2014 recap posts.

The moral here is that Clark Street continues to get apartment love.  AMLI recently opened up their second apartment building in the neighborhood at Polk and Clark.  JDL is building a 29 story apartment tower at 1000 S. Clark.

Seems like a lot of units coming to the neighborhood again.  Hopefully this spells more business for local retailers.

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