Connect

Real Estate Blog:

Constructions site of 400 N Lake Shore Drive in Streeterville.

For the last couple of years, the small peninsula of land that that sits at the south end of the Streeterville has remained vacant. The area, surrounded by the Chicago River, was once identified as the future home of the Chicago Spire, but now is being developed into 400 N Lake Shore Drive, Streeterville’s newest luxury apartments.

These downtown luxury apartments, overlooking Dusable Park, are slated to incorporate two towers and extend into the Chicago Riverwalk. Scheduled to open in 2023, let’s take a look at what we currently know about 400 N Lake Shore Drive in Streeterville.

Luxury apartment at One Bennett Park
Developed by Related Midwest, One Bennett Park

The Designers and Developers

Previously planned as condos, Related Midwest originally acquired the property in 2014 with plans for a mixed-use community. Today, with the demand for luxury rental residences, converting to apartments makes a lot of sense.

Related Midwest is most recently known for the Chicago luxury apartments at One Bennett Park in Streeterville and OneEleven in The Loop. Teaming up with Skidmore, Owings, and Merrill for the design of 400 N Lake Shore should deliver an impressive and amenity-rich luxury high-rise that stands out in Streeterville.

Map of 400 N Lake Shore Drive in Streeterville

The Perks of Living at 400 N Lake Shore Drive

Framing the mouth of the Chicago River, 400 N Lake Shore Drive will feature two impressive towers. The first tower will reach 1,100 feet and exclusively house 300 condo units and 175 full-service hotel rooms. The second tower, sitting at 850 feet will offer 550 luxury apartment residences.

Since the property extends into the Riverwalk, there are plans to revitalize the 3.3-acre undeveloped parcel of land east of 400 N Lake Shore Drive into a waterfront green space. Slated for 2023, we will update as more information comes out.

Located on the south end of Streeterville, here are a few conveniences that are within about a 20-minute walk of 400 N Lake Shore Drive:

  • 5-minute access to Lake Shore Drive
  • 12-minute walk to Target
  • 15-minute walk to Whole Foods
  • 12-minute walk to Dollop Coffee
  • 22-minute walk to Grand/State CTA Red line

If you happen to work in any of the following locations, living in these beautiful Streeterville apartments will be a 15-20 minute walk:

  • 14-minute walk to NBC Tower
  • 18-minute walk to Tribune Tower
  • 17-minute walk to AON Center
  • 20-minute walk to Millennium Park Plaza
  • 20-minute walk to Prudential Plaza
  • 18-minute walk to Wrigley Building

One of the absolute best things about 400 N Lake Shore Drive will be the views. Because it is so far East, it will have unobstructed views of the Lake by day and panoramic views of the city lights by night. I also expect it to be a new hotspot for watching the air and water show!

If you’re interested in calling Streeterville home or need help finding a Chicago luxury apartment, please contact us. We’re always doing our best to keep up on the newest developments in the downtown apartment rental market.


No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *