CHICAGO - (November 22, 2021)
Draper and Kramer, Incorporated, today announced it has welcomed first move-ins at Wrigleyville Lofts, the developer’s new 120-unit mixed-use project at 949 W. Dakin St. in Chicago’s Wrigleyville neighborhood. Additionally, Lakeview Ace Hardware, which occupied the single-story structure that previously stood on the development site, has reopened in the new building’s first-floor retail space.
Located across the street from the Sheridan Red Line station and two and a half blocks north of Wrigley Field, Wrigleyville Lofts is a seven-story building designed by Sullivan, Goulette & Wilson Architects. It includes 108 one-bedroom/one-bath and 12 two-bedroom/two-bath units ranging in size from 620 to 1,040 square feet. Rents start at $1,700 per month.
“As a developer with a decades-long heritage helping shape Chicago’s neighborhoods, it’s extremely gratifying to open the doors to our newest rental property in one of the city’s most storied residential areas,” said Blas Puzon, chief investment officer for Draper and Kramer. “From its transit-friendly location to its mix of amenities to its rooftop deck that offers views of Wrigley Field, Wrigleyville Lofts is the ideal complement to the lifestyle that draws so many to Wrigleyville. We’ve already heard from our first residents how much they love living in the building, and our strong leasing trajectory is a testament to the demand for new-construction rental options here.”
James Elsman, development manager for Draper and Kramer, added that the reopening of Lakeview Ace Hardware in the building’s anchor retail space represents the return of a much-appreciated neighborhood amenity. The store’s owner, Joe Lomanto, is also a minority partner in the development. Three additional first-floor retail spaces range from 1,300 to 2,200 square feet and are available for lease.
“Lakeview Ace Hardware is a very established local business in this community, and so we were pleased to work with Joe on this development and bring the store back to this same location,” said Elsman. “As we fill the other retail spaces at Wrigleyville Lofts, we’re considering prospective tenants that will not only add to the residential experience the building offers, but also be a welcome addition to the neighborhood.”
Apartments at Wrigleyville Lofts feature 9-foot, 4-inch ceilings with exposed structure and ductwork; large windows allowing for plentiful natural light; stone countertops and stainless steel appliances in kitchens; full-size stackable washers and dryers; and additional storage.
Residents of Wrigleyville Lofts also have access to amenity spaces including a rooftop deck with views of Wrigley Field and Lake Michigan, as well as grills, outdoor dining space, a fire pit and TV viewing area. Inside, common areas include a large lobby with several meeting and gathering areas, along with a coffee area where residents can sip beverages and check their train status on a live transit monitor. Other first-floor amenities include a private clubroom with bar/kitchen, fitness center, heated bike storage room and private parking garage.
In addition to enjoying proximity to neighborhood businesses, residents of Wrigleyville Lofts are just four blocks west of Lake Michigan and the Lakefront Trail, an 18-mile recreational path, as well as other lakefront attractions like Montrose Beach and Fullerton Beach, the Sydney R. Marovitz Golf Course and the Belmont Harbor Dog Beach.
Leopardo Construction was the general contractor for the project. Gershman Mortgage arranged for project financing.
For leasing information, visit www.wrigleyvillelofts.com.
About Draper and Kramer, Incorporated
Founded in 1893, Draper and Kramer, Incorporated, is a trusted financial and property services provider with a deep commitment to people, excellence, service and integrity spanning more than 125 years. Family-owned and one of the leading privately held real estate services firms in the U.S., Draper and Kramer is headquartered in Chicago with a national reach and broad offering of services. The company’s decades-long heritage has evolved over the years to meet the needs of its clients and today spans expertise in residential and commercial development, acquisition, property management and leasing; debt and equity financing for commercial properties; and residential mortgage services through affiliate Draper and Kramer Mortgage Corp. Draper and Kramer provides a single source of real estate-related counsel to a diverse group of real estate investors across the U.S. including corporations; private and institutional owners and users of real estate; government agencies; and foundations. For more information, visit www.draperandkramer.com.
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Editors:
For more information, contact Sarah Lyons, [email protected], (312) 267-4520.
