cbre q4 2019 · 2020. 2. 24. · 25 alta grand central south loop wood partners leasing q1 2020 364...

CBRE Q4 2019 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 JANUARY 2020

Q4 2019 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 Pilsen Gateway Pilsen Cedar Street / Origin U/C 2021 202

3 Parkline Loop Moceri + Roszak U/C 2021 190

4 300 N Michigan Loop Magellan / Sterling Bay U/C 2021 289

5 Cascade Lakeshore East Magellan / Lendlease U/C 2021 503

6 Old Town Park III (1100 N Wells St) Near North Onni U/C 2021 456

7 Triangle Square* Bucktown Belgravia / Lennar U/C 2021 300

Subtotal 2021 2,735


8 6145 N Broadway* Edgewater City Pads U/C 2020 105

9 River West Apartments River West Fifield U/C 2020 188

10 633 North Avenue Near North CA Ventures / White Oak / GID U/C 2020 261

11 353 W Grand River North Onni U/C 2020 356

12 Imprint South Loop CMK U/C 2020 349

13 Aspire* South Loop Draper & Kramer Inc. U/C 2020 275

14 1900 West Lawrence* Ravenswood Springbank U/C 2020 59

15 The Venn (845 W Madison) West Loop John Buck U/C 2020 586

16 Oak and Larrabee Near North Brinshore Development U/C 2020 104

17 2405 W Hutchinson* Lincoln Square KR Developments U/C 2020 48

18 Logan Apartments* (2500 N Milwaukee) Logan Square Fifield / Terraco Inc U/C 2020 220

19 Motif on Belden* Logan Square Inland U/C 2020 100

20 4914 N Clark* Ravenswood Peerless Development U/C 2020 54

21 128 S Laflin West Loop Michigan Avenue RE Group U/C 2020 52

22 2701 W Armitage* Logan Square Eco Development U/C 2020 59

23 Union West (935 W Washington) West Loop ZOM Leasing Q1 2020 356

24 Wolf Point East River North Hines / Kennedy Leasing Q1 2020 698

25 Alta Grand Central South Loop Wood Partners Leasing Q1 2020 364

26 TWO Old Town Park (1100 N Wells St) Near North Onni Leasing Q1 2020 428

27 Avenir River West Tandem Partners / Rambaud Leasing Q1 2020 196

Subtotal 2020 4,858


28 2150 W Lawrence* Ravenswood Sonco RE Leasing Q4 2019 59

29 Broadway Apartments* (3817 N Broadway) Uptown DLG Management Leasing Q4 2019 135

30 Concord at Sheridan* (6438 N Sheridan Rd) Rogers Park Three Corners Leasing Q4 2019 111

31 Four50* Lakeview CA Ventures Leasing Q3 2019 80

32 Millenium on LaSalle (29 S LaSalle) Loop Dolce Living Leasing Q3 2019 207

33 810 N Clark Gold Coast Cedar Street Leasing Q3 2019 129

34 1435 N Wells Near North LG Development Leasing Q3 2019 50

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 NEMA (1210 S Indiana) South Loop Crescent Heights Leasing Q2 2019 800

40 The Paragon (1326 S. Michigan) South Loop Murphy Development / CIM Leasing Q2 2019 500

41 Essex on the Park (808 S Michigan) South Loop Oxford Capital Leasing Q1 2019 479

42 Bevel Old Town (301 W North Ave) Old Town Sedgwick Properties Leasing Q1 2019 69

43 61 Banks St. Gold Coast Draper & Kramer Inc. Stabilized Q2 2019 58

44 Coeval Chicago (1419 S Wabash) South Loop CMK Stabilized Q2 2019 261

45 The Lincoln Common* (2300 N Lincoln Ave) Lincoln Park McCaffery Interests / Hines Stabilized Q2 2019 538

46 The Mason (172 N. Ada) West Loop Marquette Stabilized Q2 2019 263

47 1323 W. Morse Ave* Rogers Park TAWANI Property Development Stabilized Q2 2019 50

48 The Field's Lofts* (4000 W Diversey) Logan Square Hubbard Street Partners Stabilized Q1 2019 123

49 1325 N Wells Old Town Sedgwick Properties Stabilized Q1 2019 54

Subtotal 2019 4,790


3



50 The Ardus (676 N LaSalle) River North Cedar Street Leasing Q4 2018 149

51 Norweta Row* (508 W Diversey Pkwy) Lincoln Park Broder Properties Leasing Q4 2018 53

52 Eight Eleven Uptown* (811 W Agatite Ave) Uptown JDL Development Leasing Q3 2018 381

53 The Cooper at Southbank (700 S Wells) South Loop Lend Lease Leasing Q2 2018 452

54 The Residences at Clark & Addison* Lakeview M&R / Bucksbaum Leasing Q2 2018 148

55 Solstice on the Park* (1616 E 56th St) Hyde Park Antheus Capital Stabilized Q4 2018 250

56 One Bennett Park (451 E Grand) Streeterville Related Midwest Stabilized Q4 2018 279

57 727 West Madison West Loop F&F Realty / Fifield / Ares Stabilized Q4 2018 492

58 NoCa Blu at Logan Square* (2340 N California Ave) Logan Square Savoy / Hunt Stabilized Q4 2018 138

59 The Van Buren (808 W Van Buren) West Loop Loukas Development Stabilized Q3 2018 148

60 A.M. 1980* (1980 N Milwaukee Ave) Logan Square CRG Stabilized Q3 2018 132

61 FLATS Chicago the Otis* (1435 W 15th St) Pilsen Cedar Street Stabilized Q3 2018 92

62 465 N Park Streeterville Jupiter / Metlife Stabilized Q2 2018 444

63 Stewart School Lofts* (4525 N Kenmore) Uptown Morningside Equities Stabilized Q2 2018 64

64 Viridian* (734 W Sheridan Rd) Uptown Vermillion Stabilized Q2 2018 100

65 X University Village (1350 S Union) South Loop Property Markets Group Stabilized Q2 2018 100

66 Marlowe (169 W Huron) River North Lennar Stabilized Q2 2018 176

67 1407 on Michigan (1407 S Michigan) South Loop Russland Capital Stabilized Q1 2018 199

68 Monroe Aberdeen Place (1050 W Monroe) West Loop Michigan Avenue RE Group Stabilized Q2 2018 120

69 Seven10 (710 W Grand) River West Outlook Stabilized Q2 2018 105

70 Wicker Park Connection II (1664 W Division St) Wicker Park Centrum Partners Stabilized Q2 2018 146

71 Eleven40 (1140 S Wabash) South Loop CA Ventures / Giles Stabilized Q2 2018 320

72 Old Town Park (Atrium Village; 300 W Hill) Near North Onni Stabilized Q2 2018 405

73 Quarters (171 N Aberdeen) West Loop MCZ Development Stabilized Q1 2018 75

74 Elevate (2518-36 N Lincoln Ave)* Lincoln Park Baker Development Stabilized Q1 2018 191

75 3Eleven (311 W Illinois) River North The John Buck Company Stabilized Q1 2018 245

Subtotal 2018 5,404


76 Alta Roosevelt (801 S Financial Place) South Loop Wood Partners Stabilized Q4 2017 496

77 Flats No. 800 (Bush Temple rehab) Gold Coast Cedar Street Stabilized Q4 2017 101

78 The Northland (1550 N Wieland St) Old Town JAB Real Estate Stabilized Q4 2017 60

79 Hubbard 221 (221 W Hubbard) River North Centrum Partners Stabilized Q4 2017 195

80 2950 N Sheridan* Lakeview Wirtz Realty Stabilized Q4 2017 82

81 EMME Chicago (165 N Desplaines St) West Loop Gerding Edlen Stabilized Q4 2017 199

82 8 E. Huron River North CA Ventures Stabilized Q4 2017 102

83 Gallery on Wells (167 W Erie) River North Magellan / Cahan Stabilized Q3 2017 444

84 Spoke (728 N Morgan) River West Bond Companies Stabilized Q3 2017 363

85 Optima Signature (220 E Illinois) Streeterville Optima / DeBartolo Stabilized Q3 2017 490

86 Landmark West Loop (1035 W Van Buren) West Loop Related Midwest Stabilized Q3 2017 300

87 The Sinclair (1210 N Clark) Gold Coast Fifield Stabilized Q3 2017 390

88 Linea (215 W Lake Street) Loop Roszak Stabilized Q3 2017 265

89 640 N Wells Street River North JDL Stabilized Q2 2017 251

90 MODE Logan Square* Logan Square Spearhead Properties Stabilized Q2 2017 78

91 The Hudson (750 N Hudson) River North Onni Stabilized Q2 2017 240

92 30 East (30 E Balbo) South Loop Gilbane Stabilized Q2 2017 134

93 3141 N. Sheffield* Lakeview BJB Properties Stabilized Q2 2017 80

94 Centrum Bucktown* Bucktown Centrum Partners Stabilized Q2 2017 94

95 Niche 905 (905 N Orleans) River North Ascend Real Estate Group Stabilized Q1 2017 202

96 Aurelien (833 N Clark) Gold Coast Ryan / Lincoln Stabilized Q1 2017 368

97 Exhibit on Superior (165 W Superior) River North Magellan / Cahan Stabilized Q1 2017 298

98 Lakeview 3200* Lakeview Blitzlake Partners Stabilized Q1 2017 90

99 Wicker Park Connection I Wicker Park Centrum Partners Stabilized Q1 2017 61

Subtotal 2017 5,383


4



100 MiCA* Logan Square Paul Utigard and Rob Buono Stabilized Q4 2016 216

101 L Logan Square* Logan Square Property Markets Group Stabilized Q4 2016 120

102 SoNu Digs Old Town Smithfield Stabilized Q4 2016 98

103 Linkt Apartments (830 N Milwaukee Ave) River West Akara Partners Stabilized Q4 2016 47

104 Sienna Apartments (423 E Ohio) Streeterville Golub Stabilized Q4 2016 50

105 One333 (1333 S Wabash) South Loop CMK Stabilized Q4 2016 307

106 Next (347 W Chestnut) River North Fifield Stabilized Q3 2016 310

107 1822 W Chicago* West Town Fifield Stabilized Q3 2016 59

108 The Parker Fulton Market (171 N Halsted) West Loop Shapack / Focus / Atlantic Stabilized Q3 2016 227

109 1001 S State South Loop Golub / Walsh Stabilized Q3 2016 396

110 Moment (545 N McClurg) Streeterville Golub Stabilized Q3 2016 490

111 Kenect Chicago (500 N Milwaukee) River West Akara Partners / CA Ventures Stabilized Q2 2016 227

112 Marquee at Block 37 (108 N State) Loop CIM / Morguard Stabilized Q2 2016 694

113 MILA (201 N Garland) Loop John Buck Stabilized Q2 2016 402

114 Library Lofts (619 S LaSalle) South Loop Marc Realty Residential Stabilized Q1 2016 106

115 1000 S Clark South Loop JDL / iStar Financial Stabilized Q1 2016 469

116 Wolf Point West (343 W Wolf Point) River North Hines / Magellan Stabilized Q1 2016 509

Subtotal 2016 4,727


117 The Hensley (707 N Wells) River North Akara Partners Stabilized Q4 2015 43

118 Luxe on Madison Expansion (1224 W Madison) West Loop Fifield Stabilized Q4 2015 42

119 Xavier Apartments (625 W Division) Near North Gerding Edlen Stabilized Q4 2015 240

120 Gateway (11 S Green) West Loop Lennar Stabilized Q3 2015 167

121 Lofts at River East (445 E Illinois) Streeterville Group Fox Stabilized Q3 2015 285

122 Residences at New City (1515 N Halsted) Lincoln Park Structured Dev Stabilized Q3 2015 199

123 State & Chestnut (845 N State) Gold Coast Newcastle Stabilized Q2 2015 367

124 Eight O Five (805 N LaSalle) River North Smithfield Stabilized Q2 2015 292

125 Circa 922 (922 W Washington) West Loop Focus / Atlantic Stabilized Q1 2015 104

126 Arkadia Tower (765 W Adams) West Loop White Oak / CA Ventures Stabilized Q1 2015 350

127 North Water (340 E North Water Street) Streeterville DRW Stabilized Q1 2015 398

128 Jeff Jack (601 W Jackson) West Loop Moceri / Rozak Stabilized Q1 2015 190

129 Jones Chicago (220 W Illinois) River North Gerding Edlen / Fred Latsko Stabilized Q1 2015 188

Subtotal 2015 2,865


130 The Aberdeen (22 N Aberdeen St) West Loop Michigan Avenue RE Group Stabilized Q3 2014 81

131 The Scott Residences (211 W Scott) Old Town JDL / Harlem Irving Stabilized Q3 2014 71

132 AMLI Lofts (800 S Clark) South Loop AMLI Stabilized Q3 2014 398

133 The Madison at Racine (1164 W Madison) West Loop Ascend Stabilized Q3 2014 216

134 Webster Square Apartments (558 W Webster) * Lincoln Park Sandz Development Stabilized Q3 2014 75

135 Catalyst (123 N Desplaines) West Loop Urban R2 / Marquette Stabilized Q2 2014 223

136 OneEleven (111 W Wacker) Loop Related Stabilized Q2 2014 504

137 73 E Lake Loop MR Stabilized Q2 2014 332

138 850 N Lake Shore Drive Streeterville Nat Advisors Stabilized Q1 2014 198

139 1611 W Division Wicker Park Paul Utigard and Rob Buono Stabilized Q1 2014 99

140 Halsted Flats (3740 N Halsted) * Lakeview JDL / Harlem Irving Stabilized Q1 2014 269

Subtotal 2014 2,466


141 Optima Chicago Center (200 E. Illinois) Streeterville Optima / DeBartlo Stabilized Q3 2013 325

142 AMLI River North (71 W. Hubbard) River North AMLI Stabilized Q3 2013 409

143 Hubbard Place (360 W. Hubbard) River North Habitat Stabilized Q3 2013 450

144 500 N. Lake Shore Drive Streeterville Related Stabilized Q2 2013 500

145 K2 (365 N. Halsted) West Loop Fifield / Wood Stabilized Q1 2013 496

146 The Coast (345 E. Wacker) Lakeshore East Magellan Stabilized Q1 2013 515

Subtotal 2013 2,695

*not within the maps boundaries


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UNDER CONSTRUCTION LEASING STABILIZED


6

0

2

4

6

8

10

12

14

16

18

20

Projects Delivered by Year, Submarket

2013 2014 2015 2016 2017 2018 2019 2020 2021

500

1,500

2,500

3,500

4,500

5,500

6,500

Total Apartment Units Delivered by Year, Submarket

2013 2014 2015 2016 2017 2018 2019 2020 2021


7

35,923TOTAL NUMBER OF UNITS SINCE 2013

3,991AVERAGE ANNUAL UNITS 2013-2021

6

11

13

17

24

26

21 20

7

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 4,858

2,735

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

[email protected]

DAN COHENMultifamily

Executive Vice President+ 1 312 935 1427

[email protected]

JUSTIN PUPPIMultifamily

Senior Associate+ 1 312 861 7839

[email protected]

cbre q4 2019 · 2020. 2. 24. · 25 alta grand central south loop wood partners leasing q1 2020 364...

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