Three short blocks away, London-based “coliving” company The Collective is looking to replace the parking lot at 633 S. LaSalle Street with a 17-story project along Printer’s Row.
An increasingly popular housing option, the coliving concept offers residents a more affordable entry point in a neighborhood by providing smaller, fully furnished private bedrooms and shared common spaces. A single payment from the tenant covers rent, utilities, furniture, and even linen service.
A South Loop coliving development recently opened at nearby 30 E. Balbo Drive. The concept is also being tried out in Chicago’s Logan Square and University Village neighborhoods.