chicago-condos & Chicago Real Estate pcherry on 18 Jun 2011 03:33 pm

45 Story Streeterville Apartment Tower Approved

June 18, 2011 - It looks as though a new “green” Streeterville apartment tower has a green light from the Chicago Plan Commission. Chicago real estate developer Related Midwest will be constructing a 45 story rental high-rise on 500 North Lake Shore Drive. According to an article in the Sun Times, part of one of the walls on the 10 story parking deck will have vegetation that will survive the cold winters here.

Alderman Brendan Reilly was quoted in the article as saying that, “This green element is going to distinguish this property as the first in Chicago to have a year-round green wall. The technology, I’m told, works. That is something I’m really excited about.”

The tower design has already been been modified once under pressure from local residents and the alderman. This final version will have 500 apartments and indoor parking for 415 cars. Right now the site is just a parking lot.

To make sure the developer keeps his green promise, the Streeterville Organization of Active Residents intends to keep an eye on the progress.

Apartments at this tower will have rents that range from around $2,100 to $2,600 per month.

If you need a new place right now and can’t wait for these Chicago apartments to be completed, there are lots of Chicago condos for rent.

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