CHICAGO—Centrum Partners recently hosted a party at Sub51 to celebrate the topping off its newest luxury apartment development, Hubbard221, located on the corner of Hubbard and Wells Sts. in Chicago's River North neighborhood. Arthur Slaven and John McLinden own Hubbard221. McLinden, who recently launched his newest venture Hubbard Street Group for future development projects, continues to manage, alongside Slaven, a number of Centrum's developments in progress including the 195-unit Hubbard221.
The developers will complete the 23-story TOD building this fall. Chicago is in the midst of a remarkable apartment boom, and will soon see thousands of new units, but Centrum officials don't seem too worried about that competition.
“The market is going to see many new units over the next year-and-a-half, but projects like this will best weather the storm,” McLinden tells GlobeSt.com. “We've positioned this building to be among the top rental properties in the city in terms of its amenities.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
