The city of Chicago has greenlighted JK Equities’ 42-unit, seven-story boutique condominium building, 1400 Monroe. The property, located in Chicago’s West Loop, is expected to be delivered by summer 2021.
Milburn Demolition and Dismantling has completed demolition of the existing building. Construction will be led by Summit Design + Build and Lakeside Bank is financing the construction loan.
Pricing for 1400 Monroe starts in the $760,000s and ranges up to $2.35 million with sales led by ON Collaborative, with homes ranging in size from 1,242 to 3,139 square feet, offering two, three- and four-bedroom layouts. To date, more than 30 percent of the building’s 42 residences have been sold.
Designed by the award-winning, Chicago-based architecture firm Booth Hansen, 1400 Monroe was designed in part to create harmony between the neighborhood’s industrial past and today’s modern design. The façade will be made up of a rich depth of grey brick paired with metal detailing and industrial-sized windows flooding the homes with natural light.
Residences, designed by highly acclaimed, New York-based Mojo Stumer, boast modern, open-concept floor plans that are designed for space efficiency with oversized kitchens and elegant finishes. Most homes will feature large balconies for entertaining or Juliet balconies, and select second-floor homes will feature expansive outdoor terraces.
