500 NORTH LAKE SHORE DRIVE

Related Midwest began development of a 45-story, 500-unit luxury rental tower in Chicago in August of 2011. Upon completion 500 North Lake Shore Drive will include 395,000 net rentable square feet with a mix of 74 studios, 93 convertibles, 240 1-bedroom and 93 2-bedroom apartments. The property will be uniquely located on North Lake Shore Drive in Chicago's affluent and vibrant Streeterville neighborhood.

Related Midwest formed a joint venture with the AFL-CIO Building Investment Trust ("BIT") to develop the property with Solomon Cordwell Buenz as the project architect and Lend Lease as the general contractor. Lend Lease and SCB have a long history of designing and constructing successful, multifamily residences, including Related Midwest's 340 on the Park.

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500 North Lake Shore Drive

ADDRESS

500 North Lake Shore Drive
Chicago, IL  60611

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PROPERTY CONTACT

Frank Monterisi, VP

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Related Midwest began development of a 45-story, 500-unit luxury rental tower in Chicago in August of 2011. Upon completion 500 North Lake Shore Drive will include 395,000 net rentable square feet with a mix of 74 studios, 93 convertibles, 240 1-bedroom and 93 2-bedroom apartments. The property will be uniquely located on North Lake Shore Drive in Chicago's affluent and vibrant Streeterville neighborhood.

Related Midwest formed a joint venture with the AFL-CIO Building Investment Trust ("BIT") to develop the property with Solomon Cordwell Buenz as the project architect and Lend Lease as the general contractor. Lend Lease and SCB have a long history of designing and constructing successful, multifamily residences, including Related Midwest's 340 on the Park.


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PROPERTY TYPE

Luxury Rental, Retail

NUMBER OF FLOORS

47

COMPLETION DATE

2014

CONSTRUCTION COMPANY

Lend Lease (US) Construction Inc.

ARCHITECT

Solomon Cordwell Buenz

LANDSCAPE DESIGNER

Oslund and Associates

UNIT TYPES

Studio, 1 Bedroom, 2 Bedroom

AMENITIES

11th Floor amenity area including lounge, cinema room, game room, an exclusive residents-only fitness club by Equinox®, outdoor pool deck with barbeques, cabanas facing Lake Michigan

DEVELOPMENT PARTNERS

AFL-CIO Building Investment Trust

PROPERTY SIZE

706,705 GSF

NUMBER OF UNITS

500

MARKET STATUS

Under Construction

MANAGEMENT COMPANY

Related Management Company

INTERIOR DESIGNER

Robert Pope

SUSTAINABILITY STATUS

Aiming for LEED Gold

RETAIL

On Grade