Wirtz residential has started leasing 2950 North Sheridan Road, the firm's first ground-up residential development. The 20-story, 82-unit luxury apartment building in Lakeview is expected to deliver in spring, according to the Chicago Tribune.

The roots of the project date back to 2008. The units were originally going to be condos, before the real estate market collapsed and put the development on hold. When Wirtz decided to resurrect the project, the multifamily market shifted in favor of luxury apartments.

The units are a mix of convertible, one-, two- and three-bedroom units. Rents for the one-bedroom units start at $3K/month. The building features a 24-hour concierge, a resident lounge and rooftop terrace on the top floor, a private, temperature-controlled parking structure and pet grooming stations. Wirtz added landscaping elements that are above and beyond local ordinance requirements to complement the surrounding neighborhood.