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215 W. Washington: green new construction rental in the Loop

Maureen Wilkey

Writer on real estate from any angle

Chicago's downtown has seen some new construction over the last three years, but nothing quite like 215 W. Washington. It's the building you see under construction as you pass the Washington and Wells L stop, and its the first rental residential high rise in the Loop in 15 years.

In addition, it's one of the first LEED-certified residential high rises in Chicago. Some of the features include 75% of the indoor areas having access to natural light, low-flow water fixtures and sustainable materials used during construction. Plus, with easy access to the L, buses and the Metra, you might not have to drive as much.

 The 50-story building will include an amenity floor on 14 and 369 studio, convertible, one-, two-, and three-bedroom units. The smallest units  are 525 square feet (which is not bad for a studio) up to 1,784 square foot three bedroom penthouses.

Also, the apartment will provide a pet-friendly atmosphere with a roof-garden complete with dog-run. The building will be completed in  Spring 2010.

I'm excited to see some green rental space downtown, but curious about what the rent ranges will be and if the units will be reasonably priced for young professionals who want to live close to work. I'm also hoping that night life in the Loop picks up a little to catch up with this devevlopment.



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