Condos are Back and Bigger

Solomon Cordwell Buenz design principal Devon Patterson (above) and his firm are working on some of the first large-scale condo projects Chicago has seen in years, so we tapped his expertise for Bisnow’s 5th Annual Chicago Multifamily Summit on April 8. The first, DRW’s proposed 25-story building at the corner of State and Elm in the Gold Coast, was just approved by the Plan Commission, and construction will kick off later this year, Devon says. And just like Sandz Development’s Webster Square at the former Grant Park Hospital site (another SCB project), the trend is large-scale units. (Not everyone wants a Murphy bed.) The Gold Coast plans even include condos as large as 2,500 SF, he tells us.

Design usually travels east, so Devon gave us the details about a forward-thinking rental project SCB just completed at 55 9th St (above) in San Francisco, across the street from Twitter’s HQ. Units have gear rooms, a large area of space dedicated to bikes, backpacks, and other accessories for the urban hipster. In terms of finishes, renters expect condo quality, and there’s no evident ceiling on the size of amenity decks, he says. In Chicago, it will be interesting to see if the latest souped-up rental towers will eventually be converted to condos, where that level of amenities is not the expectation, Devon notes. He’ll be rocking out with his 12-year-old tonight at the Imagine Dragons concert.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Housing Completions Close To 40,000 As LDA Adds Major Site And CEO Departs

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Capital Flooded Into Bay Area Apartments. Then Treasury Yields Spiked

The New Challenge For Apartment Managers: Proving Listing Photos Are Real