Residential brand Common is partnering with CityPads on the largest co-living home in Chicago and in the Midwest. The project, Common Addams, is the third co-living partnership between the two firms in Chicago, and marks Common’s fourth building in the city.
“Common Addams signals our reinforced commitment to Chicago, where our partnership with CityPads solidifies our expertise as the largest coliving operator in the Midwest by both bed and building count,” said Sandy Albert, senior director of real estate at Common. “This home will triple the number of Common members in Chicago, providing a stress-free, all-inclusive living environment to even more urban dwellers who crave our signature community and convenience.”
The new, four-story development will feature 223 beds with views of the Chicago skyline and more than 5,000 square feet of shared community spaces for members to enjoy, including a gym, movie room, member lounges, a wet bar, communal dining areas, bike storage, package storage, 59 on-site parking spaces and a furnished roofdeck. The projected is located directly across the street from Addams/Medill Park in the University Village neighborhood, with a new recreation center slated to open in 2019 bringing indoor basketball courts, a track, and more, in addition to new outdoor sports fields and trails across the nine-acre park.
“I’m looking forward to bringing Common Addams to life in one of Chicago’s fastest growing neighborhoods, Pilsen, where nearly $1 billion is being invested towards urban infrastructure improvements,” said Andy Ahitow, founder of CityPads. “Our partnership with Common has been an astounding success, and I’m excited to continue providing a place where Chicago residents can find true value and community where they live.”
Rent prices at Common Addams are planned to start at $975 per month under one bill that includes all utilities, high-speed Wi-Fi, furnished apartments, weekly cleanings of common spaces, shared supplies and hospitality-grade amenities. Common Addams is located in both enterprise and opportunity zones, and is expected to open in 2020.