CHICAGO - Fifield Companies and Wood Partners have received a partial certificate of occupancy for K2 Apartments, the new 496-unit luxury tower in the city's River West neighborhood

This makes it the first apartment tower to open in 2013. Move-ins will begin on March 1.
"Thanks to great partners, the best development team in Chicago and some help from Mother Nature, we are bringing K2 to the market two months ahead of schedule," Randy Fifield, vice chair of Chicago-based Fifield Cos., says in a release K2 Apartments is located at 365 Halsted St. The certificate of occupancy is valid for the basement through the seventh floor of the 34-story apartment tower. According to Steve Fifield, president of Fifield Cos., the Chicago market experienced only 800 new units delivered in 2011 and 2012 combined, so there is a high demand for new luxury apartments. "We're not the only apartment building opening this Spring, but we are the first. And in this heated market, timing can be everything," Steve Fifield says. "With the level of amenities and finishes we're offering, we're setting the bar high in what renters should expect from a new, luxury apartment building." Residences include studio, one-, two- and three-bedroom apartments. Rents range from $1,650 for a studio to $6,500 for a three-bedroom, three-bath penthouse. The property has been built to LEED Silver standards and will have a building-wide recycling program, as well as charging stations for electric vehicles. Fifield partnered with Wood Partners to break ground on K2 in October 2011 and topped-off the building in October 2012.