CHICAGO—Related Midwest recently started the pre-leasing process at Landmark West Loop, the developer's 30-story, 300-unit luxury rental tower at 1035 W. Van Buren St. in Chicago's West Loop. Related expects to top-off the tower later this month, with first occupancy planned for August 2017. The project will be the first West Loop rental tower to deliver in 2017, but it's just one of many that will bring thousands of new apartment units to the CBD and its surrounding neighborhoods over the next two years.

“We know there is rising demand for luxury apartments in this corner of downtown, which borders the Illinois Medical District and offers proximity to jobs throughout the West Loop and Fulton Market,” says Curt Bailey, president of Related Midwest. “The same energy and creativity that has fueled the neighborhood's growth permeates every corner of Landmark West Loop, resulting in a new level of luxury rental housing that, until now, hasn't been available in the West Loop.”

Landmark West Loop will offer a mix of studio, convertible, one- and two-bedroom apartments, along with two- and three-bedroom penthouses. Residences will range in size from 500 to 1,960 square feet, including penthouses, with pricing starting at $1,650 per month for studios, $1,825 for convertibles, $2,150 for one-bedrooms, $2,925 for two-bedrooms with one bath, and $3,295 for two-bedrooms with two baths. The six penthouse units are priced from $4,595 per month.