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Fifield, Wood Start on $175M Apartments

CHICAGO-The K2 tower will be the fifth and the final apartment tower at Fifield’s K Station complex, with some components valued at about $850 million and now up for sale.

By Robert Carr | Updated on October 24, 2011

CHICAGO-The Fifield Cos., based here, and Marietta, GA-based Wood Partners plan to break ground on the $175 million K2 apartment tower this month, finishing the five-tower complex at K Station in the far West Loop. Fifield has enjoyed success at the complex due to opening apartment towers at the start of the housing downturn, but before the credit crunch hit in the past two years.

The K2 tower, at 34 stories with 496 units, will open at 365 N. Halsted St. in 2013. McHugh Construction is the general contractor and Pappageorge/Haymes is the architect. Amenities will include 9-foot ceilings, plank flooring, a 70-foot outdoor lap pool, business center, theater room, two-story workout area and bicycle storage.

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