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Jupiter Begins Construction on $157M Apt

CHICAGO-The 50-story apartment building at 215 W. Washington St. will have 389 units ranging in size from 550 sf to 1,850 sf.

By Gina Kenny | Updated on May 22, 2008

CHICAGO-Jupiter Realty Co., based here, has started construction on a 50-story apartment building at 215 W. Washington St., here. The $157 million building will have a total of 389 apartment units.

More details on the specific plans have been announced. The apartment building will have a variety of studio, one-, two- and three-bedroom units. The units will range in size from 550 sf to 1,850 sf. The rental rate is expected to be $2.75 per sf, says Donald Smith, a principal at Jupiter Realty. The units will have floor-to-ceiling windows and amenities such as washers and dryers and kitchen granite countertops. The building will also have a rooftop pool, fitness center, library and business center. The first occupancies are expected in spring 2010 with the building to be completely available by the end of the summer in 2010. Jupiter Communities LLC, Jupiter Realty’s management division, will manage the building and handle leasing for the project.

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