CHICAGO - (May 14, 2020)
275-unit apartment tower offers walkable lifestyle close to the central business district
Draper and Kramer, Incorporated, today announced pre-leasing is underway for Aspire Residences, a 24-story, 275-unit apartment tower at 2111 S. Wabash Ave. in Chicago’s South Loop. Located less than a block from the CTA’s Cermak/McCormick Place Green Line station, the transit-oriented development is slated to welcome first move-ins this summer.
“Residents of Aspire will enjoy a quick commute of less than 15 minutes to the Loop while living in this vibrant part of the South Loop neighborhood,” said Todd Bancroft, president and CEO of Draper and Kramer, the project’s developer. “Aspire is among the first new residential properties in this growing district in a number of years, giving those who are attracted to its walkability and urban lifestyle an opportunity to reside in a new-construction rental high-rise that includes the modern apartment features and robust amenity offerings today’s renters seek.”
Located at the northeast corner of Wabash Avenue and Cermak Road, the development will include street-level retail space; private, indoor parking for 88 resident-only vehicles; and 24-hour door attendants. The design by Solomon Cordwell Buenz features an asymmetric base and glass tower with a “sawtooth” facade that creates a prismatic effect, changing the color of the building as the sun changes position throughout the day.
“This location not only affords stunning, unobstructed views of the city skyline to the north from many units, but also showcases a unique vantage point looking toward the Chicago River to the west and Lake Michigan to the east,” said Bancroft. “The footprint of the building was specifically designed to maximize the views from units and showcase the surrounding cityscape.”
Bancroft noted that while the ongoing COVID-19 pandemic has changed the way people search for apartments, initial interest in Aspire has been strong, with several units already leased. “We’re thrilled with the positive early response, which tells us renters are looking to the future and researching new options in the market,” he said. “Our team is adapting quickly and doing a great job connecting with prospects virtually to showcase the building and everything it has to offer.”
Aspire includes a mix of one-, two- and three-bedroom plans ranging in size from 529 to 1,411 square feet and priced from $1,800 per month. Apartments feature open layouts, wide-plank flooring, floor-to-ceiling windows, loft-like exposed concrete ceilings, and modern kitchens with European two-tone cabinetry, designer backsplashes, stone countertops and stainless steel appliances. Bathrooms include porcelain tile flooring, frameless glass shower doors and contemporary plumbing fixtures. Units also come with a full-size stacked washer and dryer, and keyless entry doors.
The fourth-floor amenity suite at Aspire will offer spaces that complement the lifestyle of residents, including a pub lounge and adjacent game room with a sports simulator; state-of-the-art fitness center and yoga studio; and work areas for telecommuting. Additionally, the fourth floor offers access to a lushly landscaped resort-style roof terrace with a sun deck, cabanas, grilling stations, swimming pool, lounge seating and city views. A dog park will also be located on the north end of the outdoor space.
In addition to enjoying proximity to the Green Line and being two blocks from the Red Line, residents of Aspire will have convenient access to Lake Shore Drive and the Dan Ryan, Stevenson and Eisenhower expressways. Other cultural, recreational and entertainment destinations along the lakefront, including Soldier Field, the Museum Campus, Lakefront Trail and Northerly Island, are also nearby.
The general contractor for the project is a joint venture between Chicago-based Power Construction Company LLC and Ujamaa Construction.
Prospective residents can schedule a personalized virtual property tour with the Aspire leasing team, or view property photos, floor plans and a 3D tour online at www.rentataspire.com. For more information, email [email protected].
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; condominium associations; 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.
Image Captions:
Draper and Kramer_Aspire Rendering: Pre-leasing is underway at Aspire, a new 275-unit rental tower at 2111 S. Wabash Ave. in Chicago’s South Loop.
Draper and Kramer_Aspire_Fireside Lounge Rendering: The fourth-floor amenity suite at Aspire will include lounge areas; a game room with a sports simulator; state-of-the-art fitness center and yoga studio; and work areas for telecommuting.
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