mohammed wong
April 27th, 2011, 05:19 PM
Height: Unknown
Floor count: 49
Location: North Clark and West Hubbard
Neighborhood: River North
Construction end:
Architect: Dick Mann/Cubellis
Developer: Amli Residential Partners LLC
From spyguy
http://img687.imageshack.us/img687/2395/amli.jpg
http://img809.imageshack.us/img809/10/homepagelarge1.jpg
http://img716.imageshack.us/img716/1880/homepagelarge2.jpg
Rooftop amenities
http://img689.imageshack.us/img689/4551/homepagelarge6.jpg
http://img155.imageshack.us/img155/1354/homepagelarge7.jpg
http://chicago.curbed.com/archives/2011/04/25/river-north-apartment-tower-set-to-break-ground-in-october.php
(Crain's) — AMLI Residential Partners LLC plans to build a 49-story apartment tower in River North after striking a deal with developer Albert Friedman.
Chicago-based AMLI signed a 100-year lease on a 12,617-square foot site on the southeast corner of Clark and Hubbard streets, property records show. The 427-unit building would be just north of the 11-story Greenway Self Park garage, which Mr. Friedman completed last year.
The apartment tower residents would have access to a landscaped deck on the top of the garage that is to include a pool, jogging path and dog runs, according to zoning and property documents.
AMLI expects to start construction next year at the earliest, which would enable the project to be completed by 2013, but the timeline is subject to market conditions, says Stephen C. Ross, AMLI's executive vice-president of development.
The tower would be AMLI's second in downtown Chicago, following the completion of a 440-unit building at 900 S. Clark St. in 2008. That building is now fully leased, according to Mr. Ross.
The little-noticed River North deal closed in April but was highlighted in a recent newsletter by Mr. Friedman's Chicago-based firm, Friedman Properties Ltd.
The site is west of Brasserie Jo, 59 W. Hubbard St.
It's a first-time partnership between Friedman and AMLI, which was purchased by Morgan Stanley's Prime Property Fund in 2006 for $2.1 billion.
As part of the deal, AMLI has agreed to lease retail space in the building, about 4,500 square feet, to Mr. Friedman. The lease runs for 20 years. Mr. Friedman has yet to identify a tenant, but says he will be "very selective and careful" about picking a tenant that compliments other retail users in the neighborhood.
Read more: http://www.chicagorealestatedaily.com/article/20100728/CRED03/200039010/apartment-tower-slated-for-river-north#ixzz1Kjkx8fA9
Stay up-to-date on Chicago real estate with our free, daily e-newsletter
Floor count: 49
Location: North Clark and West Hubbard
Neighborhood: River North
Construction end:
Architect: Dick Mann/Cubellis
Developer: Amli Residential Partners LLC
From spyguy
http://img687.imageshack.us/img687/2395/amli.jpg
http://img809.imageshack.us/img809/10/homepagelarge1.jpg
http://img716.imageshack.us/img716/1880/homepagelarge2.jpg
Rooftop amenities
http://img689.imageshack.us/img689/4551/homepagelarge6.jpg
http://img155.imageshack.us/img155/1354/homepagelarge7.jpg
http://chicago.curbed.com/archives/2011/04/25/river-north-apartment-tower-set-to-break-ground-in-october.php
(Crain's) — AMLI Residential Partners LLC plans to build a 49-story apartment tower in River North after striking a deal with developer Albert Friedman.
Chicago-based AMLI signed a 100-year lease on a 12,617-square foot site on the southeast corner of Clark and Hubbard streets, property records show. The 427-unit building would be just north of the 11-story Greenway Self Park garage, which Mr. Friedman completed last year.
The apartment tower residents would have access to a landscaped deck on the top of the garage that is to include a pool, jogging path and dog runs, according to zoning and property documents.
AMLI expects to start construction next year at the earliest, which would enable the project to be completed by 2013, but the timeline is subject to market conditions, says Stephen C. Ross, AMLI's executive vice-president of development.
The tower would be AMLI's second in downtown Chicago, following the completion of a 440-unit building at 900 S. Clark St. in 2008. That building is now fully leased, according to Mr. Ross.
The little-noticed River North deal closed in April but was highlighted in a recent newsletter by Mr. Friedman's Chicago-based firm, Friedman Properties Ltd.
The site is west of Brasserie Jo, 59 W. Hubbard St.
It's a first-time partnership between Friedman and AMLI, which was purchased by Morgan Stanley's Prime Property Fund in 2006 for $2.1 billion.
As part of the deal, AMLI has agreed to lease retail space in the building, about 4,500 square feet, to Mr. Friedman. The lease runs for 20 years. Mr. Friedman has yet to identify a tenant, but says he will be "very selective and careful" about picking a tenant that compliments other retail users in the neighborhood.
Read more: http://www.chicagorealestatedaily.com/article/20100728/CRED03/200039010/apartment-tower-slated-for-river-north#ixzz1Kjkx8fA9
Stay up-to-date on Chicago real estate with our free, daily e-newsletter