Construction begins on 47-story luxury tower in Chicago’s South Loop

The new 47-story luxury residential high-rise designed for Chicago’s South Loop has officially broken ground.

Designed by Solomon Cordwell Buenz and built by Walsh Construction, the new tower will comprise 500 luxury rental units and 188 parking spots. In addition to the residential aspect, the tower will also have 7,500 sf of retail space.

Amenities for the glass high-rise include a library, lounge, dog park, spa, and a rooftop pool. Co-working space and green spaces will also be included. Chicago-based Murphy Development group and Los Angeles-based CIM Group are developing the project.

The building, which is scheduled for a 2019 opening, will be constructed to LEED Certified standards.

Walsh Construction has already completed a 40-story tower in the city’s South Loop and is currently working on another 33-story apartment building.

The Federal Emergency Management Agency recently sent a letter to officials in Lee County, Florida alleging that hundreds of homes were rebuilt in violation of the agency’s rules following Hurricane Ian. The letter provoked a sharp backlash as homeowners struggle to rebuild following the devastating 2022 storm that destroyed a large swath of the county.

The 108,000 sf La Playa Residence Hall, funded by the State of California’s Higher Education Student Housing Grant Program, will consist of three five-story structures connected by bridges.

Student Housing | Apr 19, 2024

$115 million Cal State Long Beach student housing project will add 424 beds

A new $115 million project recently broke ground at California State University, Long Beach (CSULB) that will add housing for 424 students at below-market rates. The 108,000 sf La Playa Residence Hall, funded by the State of California’s Higher Education Student Housing Grant Program, will consist of three five-story structures connected by bridges.

5 Reasons to Opt for Wood I-Joists in Multifamily Construction

From versatility to reliability and adaptability, engineered wood I-joists offer builders, designers and developers numerous advantages in multifamily construction. Discover the top five benefits and handy installation tips.

A residential building in trendy classic blue color with cut out sky with white isolated background.

MFPRO+ News | Apr 18, 2024

Marquette Companies forms alliance with Orion Residential Advisors

Marquette Companies, a national leader in multifamily development, investment, and management, announces its strategic alliance with Deerfield, Ill.-based Orion Residential Advisors, an integrated multifamily investment and operating firm active in multiple markets nationwide.

MFPRO+ New Projects | Apr 16, 2024

Marvel-designed Gowanus Green will offer 955 affordable rental units in Brooklyn

The community consists of approximately 955 units of 100% affordable housing, 28,000 sf of neighborhood service retail and community space, a site for a new public school, and a new 1.5-acre public park.

Lap Pool at Solstice Living Apartments in Tucson, Ariz

MFPRO+ News | Apr 15, 2024

Two multifamily management firms merge together

MEB Management Services, a Phoenix-based multifamily management company, and Weller Management, a third-party property management and consulting company, officially merged to become Bryten Real Estate Partners—creating a nationally recognized management company.

Alameda Marina adaptive reuse project rendering

Mixed-Use | Apr 13, 2024

Former industrial marina gets adaptive reuse treatment

At its core, adaptive reuse is an active reimagining of the built environment in ways that serve the communities who use it. Successful adaptive reuse uncovers the latent potential in a place and uses it to meet people’s present needs.

MFPRO+ News | Apr 12, 2024

Legal cannabis has cities grappling with odor complaints

Relaxed pot laws have led to a backlash of complaints linked to the odor emitted from smoking and vaping. To date, 24 states have legalized or decriminalized marijuana and several others have made it available for medicinal use.