CBRE Q1 2020 DOWNTOWN CHICAGO MULTIFAMILY DEVELOPMENT PIPELINE AS OF APRIL 2020
CBRE Q1 2020 DOWNTOWN CHICAGO M U L T I F A M I L Y D E V E L O P M E N T P I P E L I N E
AS OF APRIL 2020
Q1 2020 DOWNTOWN CHICAGO MULTIFAMILY DEVELOPMENT PIPELINE
2
# Project Name Submarket Developer/Equity Status Delivery Date Units
2021 RENTAL DELIVERIES
1 One Chicago Square River North JDL / Wanxiang U/C 2021 795
2 AMLI 808 Old Town AMLI U/C 2021 297
3 3300 N Clark* Lakeview Blitzlake Partners U/C 2021 140
4 Pilsen Gateway Pilsen Cedar Street / Origin U/C 2021 202
5 Parkline Loop Moceri / Rozak U/C 2021 190
6 300 N Michigan Loop Magellan / Sterling Bay U/C 2021 289
7 Cascade Lakeshore East Magellan / Lend Lease U/C 2021 503
8 Old Town Park III (1100 N Wells St) Near North Onni U/C 2021 456
9 Triangle Square* Bucktown Belgravia / Lennar U/C 2021 300
Subtotal 2021 3,172
2020 RENTAL DELIVERIES
10 740 N Aberdeen River West Fifield U/C 2020 188
11 The Grand River North Onni U/C 2020 356
12 Aspire* South Loop Draper & Kramer Inc. U/C 2020 275
13 1900 West Lawrence* Ravenswood Springbank U/C 2020 59
14 Oak and Larrabee Near North Brinshore Development U/C 2020 104
15 2405 W Hutchinson* Lincoln Square KR Developments U/C 2020 48
16 Motif on Belden* Logan Square Inland U/C 2020 100
17 128 S Laflin West Loop Michigan Avenue RE Group U/C 2020 52
18 2701 W Armitage* Logan Square Eco Development U/C 2020 59
19 Edge on Broadway* Edgewater City Pads Leasing Q2 2020 105
20 Porte West Loop The John Buck Company / Lend Lease Leasing Q2 2020 586
21 Logan Apartments* (2500 N Milwaukee) Logan Square Fifield / Terraco Inc Leasing Q2 2020 220
22 Imprint South Loop CMK Leasing Q2 2020 349
23 North+Vine Near North CA Ventures / White Oak Leasing Q2 2020 261
24 The Ainslie* Ravenswood Peerless Development Leasing Q1 2020 54
25 The Jax West Loop LG Development Leasing Q1 2020 166
26 Union West (935 W Washington) West Loop ZOM Leasing Q1 2020 356
27 Wolf Point East River North Hines / Kennedy Leasing Q1 2020 698
28 Alta Grand Central South Loop Wood Partners Leasing Q1 2020 364
29 TWO Old Town Park (1100 N Wells St) Near North Onni Leasing Q1 2020 428
30 Avenir River West Tandem Partners / Rambaud Leasing Q1 2020 196
Subtotal 2020 5,024
2019 RENTAL DELIVERIES
31 2150 W Lawrence* Ravenswood Sonco RE Leasing Q4 2019 59
32 Broadway Apartments* (3817 N Broadway) Uptown DLG Management Leasing Q4 2019 135
33 Four50 Lakeview CA Ventures Leasing Q3 2019 80
34 Millenium on LaSalle (29 S LaSalle) Loop Dolce Living Leasing Q3 2019 207
35 The Draper* Uptown Cedar Street Leasing Q3 2019 342
36 Milieu (855 W Adams St) West Loop CA Ventures / White Oak Leasing Q3 2019 275
37 The Arcade* (1135 West Sheridan Road) Edgewater Algonquin Ventures RE Leasing Q3 2019 58
38 Upshore* (4555 N Sheridan) Uptown CRG Leasing Q2 2019 149
39 The Paragon (1326 S. Michigan) South Loop Murphy Development Leasing Q2 2019 500
40 Essex on the Park (808 S Michigan) South Loop Oxford Capital Leasing Q1 2019 479
41 Bevel Old Town (301 W North Ave) Old Town Sedgwick Properties Leasing Q1 2019 69
42 Concord at Sheridan* (6438 N Sheridan Rd) Rogers Park Three Corners Stabilized Q4 2019 111
43 810 N Clark Gold Coast Cedar Street Stabilized Q3 2019 129
44 1435 N Wells Near North LG Development Stabilized Q3 2019 50
45 61 Banks St. Gold Coast Draper & Kramer Inc. Stabilized Q2 2019 58
46 NEMA (1210 S Indiana) South Loop Crescent Heights Stabilized Q2 2019 800
47 Coeval Chicago (1419 S Wabash) South Loop CMK Stabilized Q2 2019 261
48 The Lincoln Common* (2300 N Lincoln Ave) Lincoln Park McCaffery Interests / Hines Stabilized Q2 2019 538
49 The Mason (172 N. Ada) West Loop Marquette Stabilized Q2 2019 263
*not within the maps boundaries
Q1 2020 DOWNTOWN CHICAGO MULTIFAMILY DEVELOPMENT PIPELINE
3
# Project Name Submarket Developer/Equity Status Delivery Date Units
50 1323 W. Morse Ave* Rogers Park TAWANI Property Development Stabilized Q2 2019 50
51 The Field's Lofts* (4000 W Diversey) Logan Square Hubbard Street Partners Stabilized Q1 2019 123
52 1325 N Wells Old Town Sedgwick Properties Stabilized Q1 2019 54
Subtotal 2019 4,790
2018 RENTAL DELIVERIES
53 Eight Eleven Uptown* (811 W Agatite Ave) Uptown JDL Development Leasing Q3 2018 381
54 The Cooper at Southbank (700 S Wells) South Loop Lend Lease Leasing Q2 2018 452
55 The Residences at Clark & Addison* Lakeview M&R / Bucksbaum Leasing Q2 2018 148
56 Solstice on the Park* (1616 E 56th St) Hyde Park Antheus Capital Stabilized Q4 2018 250
57 No. 508 Lincoln Park Broder Properties Stabilized Q4 2018 53
58 The Ardus (676 N LaSalle) River North Cedar Street Stabilized Q4 2018 149
59 One Bennett Park (451 E Grand) Streeterville Related Midwest Stabilized Q4 2018 279
60 727 West Madison West Loop F&F Realty / Fifield Stabilized Q4 2018 492
61 NoCa Blu at Logan Square* (2340 N California Ave) Logan Square Savoy / Hunt Stabilized Q4 2018 138
62 The Van Buren (808 W Van Buren) West Loop Loukas Development Stabilized Q3 2018 148
63 A.M. 1980* (1980 N Milwaukee Ave) Logan Square CRG Stabilized Q3 2018 132
64 FLATS Chicago the Otis* (1435 W 15th St) Pilsen Cedar Street Stabilized Q3 2018 92
65 465 N Park Streeterville Metlife Stabilized Q2 2018 444
66 Stewart School Lofts* (4525 N Kenmore) Uptown Morningside Equities Stabilized Q2 2018 64
67 Viridian* (734 W Sheridan Rd) Uptown Vermillion Stabilized Q2 2018 100
68 X University Village (1350 S Union) South Loop Property Markets Group Stabilized Q2 2018 100
69 Marlowe (169 W Huron) River North Lennar Stabilized Q2 2018 176
70 1407 on Michigan (1407 S Michigan) South Loop Russland Capital Stabilized Q1 2018 199
71 Monroe Aberdeen Place (1050 W Monroe) West Loop Michigan Avenue RE Group Stabilized Q2 2018 120
72 Seven10 (710 W Grand) River West Outlook Stabilized Q2 2018 105
73 Wicker Park Connection II (1664 W Division St) Wicker Park Centrum Partners Stabilized Q2 2018 146
74 Eleven40 (1140 S Wabash) South Loop CA Ventures / Kieth Giles Stabilized Q2 2018 320
75 Old Town Park (Atrium Village; 300 W Hill) Near North Onni Stabilized Q2 2018 405
76 Quarters (171 N Aberdeen) West Loop MCZ Development Stabilized Q1 2018 75
77 Elevate (2518-36 N Lincoln Ave)* Lincoln Park Baker Development Stabilized Q1 2018 191
78 3Eleven (311 W Illinois) River North The John Buck Company Stabilized Q1 2018 245
Subtotal 2018 5,404
2017 RENTAL DELIVERIES
79 Alta Roosevelt (801 S Financial Place) South Loop Wood Partners Stabilized Q4 2017 496
80 Flats No. 800 (Bush Temple rehab) Gold Coast Cedar Street Stabilized Q4 2017 101
81 The Northland (1550 N Wieland St) Old Town JAB Real Estate Stabilized Q4 2017 60
82 Hubbard 221 (221 W Hubbard) River North Centrum Partners Stabilized Q4 2017 195
83 2950 N Sheridan* Lakeview Wirtz Realty Stabilized Q4 2017 82
84 EMME Chicago (165 N Desplaines St) West Loop Gerding Edlen Stabilized Q4 2017 199
85 8 E. Huron River North CA Ventures Stabilized Q4 2017 102
86 Gallery on Wells (167 W Erie) River North Magellan / Cahan Stabilized Q3 2017 444
87 Spoke (728 N Morgan) River West Bond Companies Stabilized Q3 2017 363
88 Optima Signature (220 E Illinois) Streeterville Optima / DeBartolo Stabilized Q3 2017 490
89 Landmark West Loop (1035 W Van Buren) West Loop Related Midwest Stabilized Q3 2017 300
90 The Sinclair (1210 N Clark) Gold Coast Fifield Stabilized Q3 2017 390
91 Linea (215 W Lake Street) Loop Moceri / Rozak Stabilized Q3 2017 265
92 640 N Wells Street River North JDL Stabilized Q2 2017 251
93 MODE Logan Square* Logan Square Spearhead Properties Stabilized Q2 2017 78
94 The Hudson (750 N Hudson) River North Onni Stabilized Q2 2017 240
95 30 East (30 E Balbo) South Loop Gilbane Stabilized Q2 2017 134
96 3141 N. Sheffield* Lakeview BJB Properties Stabilized Q2 2017 80
97 Centrum Bucktown* Bucktown Centrum Partners Stabilized Q2 2017 94
98 Niche 905 (905 N Orleans) River North Ascend Real Estate Group Stabilized Q1 2017 202
99 Aurelien (833 N Clark) Gold Coast Ryan / Lincoln Stabilized Q1 2017 368
*not within the maps boundaries
Q1 2020 DOWNTOWN CHICAGO MULTIFAMILY DEVELOPMENT PIPELINE
4
# Project Name Submarket Developer/Equity Status Delivery Date Units
100 Exhibit on Superior (165 W Superior) River North Magellan / Cahan Stabilized Q1 2017 298
101 Lakeview 3200* Lakeview Blitzlake Partners Stabilized Q1 2017 90
102 Wicker Park Connection I Wicker Park Centrum Partners Stabilized Q1 2017 61
Subtotal 2017 5,383
2016 RENTAL DELIVERIES
103 MiCA* Logan Square Henry Street Partners Stabilized Q4 2016 216
104 L Logan Square* Logan Square Property Markets Group Stabilized Q4 2016 120
105 SoNu Digs Old Town Smithfield Stabilized Q4 2016 98
106 Linkt Apartments (830 N Milwaukee Ave) River West Akara Partners Stabilized Q4 2016 47
107 Sienna Apartments (423 E Ohio) Streeterville Golub Stabilized Q4 2016 50
108 One333 (1333 S Wabash) South Loop CMK Stabilized Q4 2016 307
109 Next (347 W Chestnut) River North Fifield Stabilized Q3 2016 310
110 1822 W Chicago* West Town Fifield Stabilized Q3 2016 59
111 The Parker Fulton Market (171 N Halsted) West Loop Shapack / Focus / Atlantic Stabilized Q3 2016 227
112 1001 S State South Loop Golub / Walsh Stabilized Q3 2016 396
113 Moment (545 N McClurg) Streeterville Golub Stabilized Q3 2016 490
114 Kenect Chicago (500 N Milwaukee) River West Akara Partners / CA Ventures Stabilized Q2 2016 227
115 Marquee at Block 37 (108 N State) Loop CIM / Morguard Stabilized Q2 2016 694
116 MILA (201 N Garland) Loop The John Buck Company Stabilized Q2 2016 402
117 Library Lofts (619 S LaSalle) South Loop Marc Realty Residential Stabilized Q1 2016 106
118 1000 S Clark South Loop JDL / iStar Financial Stabilized Q1 2016 469
119 Wolf Point West (343 W Wolf Point) River North Hines / Magellan Stabilized Q1 2016 509
Subtotal 2016 4,727
2015 RENTAL DELIVERIES
120 The Hensley (707 N Wells) River North Akara Partners Stabilized Q4 2015 43
121 Luxe on Madison Expansion (1224 W Madison) West Loop Fifield Stabilized Q4 2015 42
122 Xavier Apartments (625 W Division) Near North Gerding Edlen Stabilized Q4 2015 240
123 Gateway (11 S Green) West Loop Lennar Stabilized Q3 2015 167
124 Lofts at River East (445 E Illinois) Streeterville Group Fox Stabilized Q3 2015 285
125 Residences at New City (1515 N Halsted) Lincoln Park Structured Dev Stabilized Q3 2015 199
126 State & Chestnut (845 N State) Gold Coast Newcastle Stabilized Q2 2015 367
127 Eight O Five (805 N LaSalle) River North Smithfield Stabilized Q2 2015 292
128 Circa 922 (922 W Washington) West Loop Focus / Atlantic Stabilized Q1 2015 104
129 Arkadia Tower (765 W Adams) West Loop White Oak / CA Ventures Stabilized Q1 2015 350
130 North Water (340 E North Water Street) Streeterville DRW Stabilized Q1 2015 398
131 Jeff Jack (601 W Jackson) West Loop Moceri / Rozak Stabilized Q1 2015 190
132 Jones Chicago (220 W Illinois) River North Gerding Edlen / Fred Latsko Stabilized Q1 2015 188
Subtotal 2015 2,865
2014 RENTAL DELIVERIES
133 The Aberdeen (22 N Aberdeen St) West Loop Michigan Avenue RE Group Stabilized Q3 2014 81
134 The Scott Residences (211 W Scott) Old Town JDL / Harlem Irving Stabilized Q3 2014 71
135 AMLI Lofts (800 S Clark) South Loop AMLI Stabilized Q3 2014 398
136 The Madison at Racine (1164 W Madison) West Loop Ascend Stabilized Q3 2014 216
137 Webster Square Apartments (558 W Webster) * Lincoln Park Sandz Development Stabilized Q3 2014 75
138 Catalyst (123 N Desplaines) West Loop Urban R2 / Marquette Stabilized Q2 2014 223
139 OneEleven (111 W Wacker) Loop Related Stabilized Q2 2014 504
140 73 E Lake Loop M&R Stabilized Q2 2014 332
141 850 N Lake Shore Drive Streeterville Nat Advisors Stabilized Q1 2014 198
142 1611 W Division Wicker Park Henry Street Partners Stabilized Q1 2014 99
143 Halsted Flats (3740 N Halsted) * Lakeview JDL / Harlem Irving Stabilized Q1 2014 269
Subtotal 2014 2,466
*not within the maps boundaries
Q1 2020 DOWNTOWN CHICAGO MULTIFAMILY DEVELOPMENT PIPELINE
5
# Project Name Submarket Developer/Equity Status Delivery Date Units
2013 RENTAL DELIVERIES
144 Optima Chicago Center (200 E. Illinois) Streeterville Optima / DeBartlo Stabilized Q3 2013 325
145 AMLI River North (71 W. Hubbard) River North AMLI Stabilized Q3 2013 409
146 Hubbard Place (360 W. Hubbard) River North Habitat Stabilized Q3 2013 450
147 500 N. Lake Shore Drive Streeterville Related Stabilized Q2 2013 500
148 K2 (365 N. Halsted) West Loop Fifield / Wood Stabilized Q1 2013 496
149 The Coast (345 E. Wacker) Lakeshore East Magellan Stabilized Q1 2013 515
Subtotal 2013 2,695
*not within the maps boundaries
Q1 2020 DOWNTOWN CHICAGO MULTIFAMILY DEVELOPMENT PIPELINE
6
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UNDER CONSTRUCTION LEASING STABILIZED
Q1 2020 DOWNTOWN CHICAGO MULTIFAMILY DEVELOPMENT PIPELINE
7
0
5
10
15
20
25
PROJECTS DELIVERED BY YEAR, SUBMARKET
2013 2014 2015 2016 2017 2018 2019 2020 2021
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
TOTAL APARTMENT UNITS DELIVERED BY YEAR, SUBMARKET
2013 2014 2015 2016 2017 2018 2019 2020 2021
Q1 2020 DOWNTOWN CHICAGO MULTIFAMILY DEVELOPMENT PIPELINE
8
36,526TOTAL NUMBER OF UNITS SINCE 2013
4,058AVERAGE ANNUAL UNITS 2013-2021
6
11
13
17
24
26
21 21
9
0
5
10
15
20
25
30
2013 2014 2015 2016 2017 2018 2019 2020 2021
Proj
ects
Del
iver
ed
Downtown Chicago - Projects Delivered by Year
2,695 2,466
2,865
4,727
5,383 5,404
4,790 5,024
3,172
0
1,000
2,000
3,000
4,000
5,000
6,000
2013 2014 2015 2016 2017 2018 2019 2020 2021
Uni
ts D
eliv
ered
Downtown Chicago - Annual New Supply
CONTACT INFORMATION
JOHN JAEGERMultifamily
Executive Vice President+ 1 312 935 1037
DAN COHENMultifamily
Executive Vice President+ 1 312 935 1427
JUSTIN PUPPIMultifamily
Senior Associate+ 1 312 861 7839
NISHA MISHRAMultifamilyAssociate
+ 1 312 935 [email protected]