Multifamily Thursday: Rock N Roll Apartments?

There's high demand for apartment units in the city, but that doesn't mean new buildings coming on line don't have to compete for tenants. (Being the new kid in town doesn't guarantee you a spot on varsity; everybody knows that.)
 
It's not enough that a professional rents a well-appointed downtown apartment (such as The Lex, above)—that professional has to rent one of your apartments.
 
That's the attitude of The Lex, anyway, which had its soft opening this week. A project of ST Residential, the 329-unit tower rises seven stories near South Side, with apartments beginning around $1,250. The property also has a theme, according to ST Residential: rock 'n' roll. Or at least that's one of the design touches incorporated into the project to make it more memorable. We know that coming face-to-face with a Rolling Stones concert poster in the business centerwould make The Lex a little easier to remember. There's also a working pinball machine in the lobby. (Which would be a little noisy for the business center.)

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

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

How Crystal Lake 'Connects The Dots' To Building Complete Community

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

First LaSalle Street Reimagined Conversion Opens In Chicago's Loop

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient