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IllinoisMultifamily

Marquette Companies announces opening of new luxury apartment tower in Chicago’s Illinois Medical District

May 22, 2023
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Marquette Companies has announced the completion and grand opening of The Lydian, a 22-story, 279-unit apartment building at 513 S. Damen Ave., in the Illinois Medical District, approximately two miles west of Chicago’s Loop.

Located west of Ogden Avenue and south of the Interstate 290/Eisenhower Expressway, The Lydian is the second building constructed in a three-phase development by Marquette Companies, representing a significant step in revitalizing the neighborhood. The firm completed the first phase in 2021, with the opening of the 18-story, 272-unit Atrio, an apartment renovation located adjacent to The Lydian. Plans for the third phase are not yet finalized.

Professionally managed by Marquette Management, The Lydian opened for occupancy in January and is currently in lease up, with approximately 42% of the residences leased and 15% occupied.

The Lydian offers studio, one-, two- and three-bedroom apartments with one to two baths, which feature modern and stylish finishes such wood plank flooring, stainless steel appliances, quartz countertops, kitchen islands and in-unit washer/dryer. Apartments measure from 446 to 1,234 square feet, and monthly rents start from the $1,900s.

The Lydian’s design aesthetic offers a coastal vibe with light, natural wood textures and ocean-inspired colors. The property features a 24-hour doorman, fitness center, yoga studio, pet spa, sundeck, outdoor pool and rooftop lounge with stunning views of the city.

Built to Green Globe Initiative certification standards, a rating system that evaluates the environmental sustainability, health and wellness, and resilience of commercial buildings and portfolios, the property showcases Marquette Companies’ commitment to sustainable building practices.

The Lydian is in proximity to some of Chicago’s top medical facilities and employers, including RUSH Medical Center, John H. Stroger Hospital and University of Illinois College of Medicine, as well as numerous restaurants and coffee shops. Residents will have easy access to the CTA Blue Line “L” and Interstate 290. Directly across I-290 from the community is the United Center and Malcolm X College.

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