Akara Partners' Kenect Now Welcoming First Tenants

Akara Partners/Facebook

One of the most-anticipated TODs along Milwaukee Avenue is receiving its first tenants. Kenect, a JV between Akara Partners and CA Residential, is expected to fully deliver in September.

The site at the intersection of Halsted Street, Milwaukee Avenue and Grand Avenue was known for years as being home to a series of gray-painted low-rise buildings popular with street artists. Akara bought the site, began demolishing the old structures last January and construction permits were issued last June.

The 270k SF Kenect will house 227 apartments, 14k SF of street-level retail and 102 parking spaces. Rents range from $1,745/month for studios to $5,350/month for three-bedroom units. Amenities include a fitness center, a dog run, a fire pit, a yoga room, a co-working lounge, community and party rooms, and a rooftop deck.

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

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Developer Seeks Permit For Denver Energy Center Conversion Project

Airbnb Launches $250M Fund To Invest In Affordable Housing

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

DFW Multifamily Distress Creates Opening For Investors As Development Slows

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Prolific South Florida Developer Nick Rojo Dies At 44

Davis Looks To Sell 16-Building Beacon Hill, Back Bay Portfolio

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

Limekiln Sells Stake In Multifamily Lender MF1 To Berkshire Residential

Lender Requests Receiver For X Denver Apartment Building Near Coors Field