cbre q1 2020...31 2150 w lawrence* ravenswood sonco re leasing q4 2019 59 32 broadway apartments*...

CBRE Q1 2020 DOWNTOWN CHICAGO M U L T I F A M I L Y D E V E L O P M E N T P I P E L I N E

AS OF APRIL 2020

Q1 2020 DOWNTOWN CHICAGO MULTIFAMILY DEVELOPMENT PIPELINE

2

# Project Name Submarket Developer/Equity Status Delivery Date Units

2021 RENTAL DELIVERIES

1 One Chicago Square River North JDL / Wanxiang U/C 2021 795

2 AMLI 808 Old Town AMLI U/C 2021 297

3 3300 N Clark* Lakeview Blitzlake Partners U/C 2021 140

4 Pilsen Gateway Pilsen Cedar Street / Origin U/C 2021 202

5 Parkline Loop Moceri / Rozak U/C 2021 190

6 300 N Michigan Loop Magellan / Sterling Bay U/C 2021 289

7 Cascade Lakeshore East Magellan / Lend Lease U/C 2021 503

8 Old Town Park III (1100 N Wells St) Near North Onni U/C 2021 456

9 Triangle Square* Bucktown Belgravia / Lennar U/C 2021 300

Subtotal 2021 3,172


10 740 N Aberdeen River West Fifield U/C 2020 188

11 The Grand River North Onni U/C 2020 356

12 Aspire* South Loop Draper & Kramer Inc. U/C 2020 275

13 1900 West Lawrence* Ravenswood Springbank U/C 2020 59

14 Oak and Larrabee Near North Brinshore Development U/C 2020 104

15 2405 W Hutchinson* Lincoln Square KR Developments U/C 2020 48

16 Motif on Belden* Logan Square Inland U/C 2020 100

17 128 S Laflin West Loop Michigan Avenue RE Group U/C 2020 52

18 2701 W Armitage* Logan Square Eco Development U/C 2020 59

19 Edge on Broadway* Edgewater City Pads Leasing Q2 2020 105

20 Porte West Loop The John Buck Company / Lend Lease Leasing Q2 2020 586

21 Logan Apartments* (2500 N Milwaukee) Logan Square Fifield / Terraco Inc Leasing Q2 2020 220

22 Imprint South Loop CMK Leasing Q2 2020 349

23 North+Vine Near North CA Ventures / White Oak Leasing Q2 2020 261

24 The Ainslie* Ravenswood Peerless Development Leasing Q1 2020 54

25 The Jax West Loop LG Development Leasing Q1 2020 166

26 Union West (935 W Washington) West Loop ZOM Leasing Q1 2020 356

27 Wolf Point East River North Hines / Kennedy Leasing Q1 2020 698

28 Alta Grand Central South Loop Wood Partners Leasing Q1 2020 364

29 TWO Old Town Park (1100 N Wells St) Near North Onni Leasing Q1 2020 428

30 Avenir River West Tandem Partners / Rambaud Leasing Q1 2020 196

Subtotal 2020 5,024


31 2150 W Lawrence* Ravenswood Sonco RE Leasing Q4 2019 59

32 Broadway Apartments* (3817 N Broadway) Uptown DLG Management Leasing Q4 2019 135

33 Four50 Lakeview CA Ventures Leasing Q3 2019 80

34 Millenium on LaSalle (29 S LaSalle) Loop Dolce Living Leasing Q3 2019 207

35 The Draper* Uptown Cedar Street Leasing Q3 2019 342

36 Milieu (855 W Adams St) West Loop CA Ventures / White Oak Leasing Q3 2019 275

37 The Arcade* (1135 West Sheridan Road) Edgewater Algonquin Ventures RE Leasing Q3 2019 58

38 Upshore* (4555 N Sheridan) Uptown CRG Leasing Q2 2019 149

39 The Paragon (1326 S. Michigan) South Loop Murphy Development Leasing Q2 2019 500

40 Essex on the Park (808 S Michigan) South Loop Oxford Capital Leasing Q1 2019 479

41 Bevel Old Town (301 W North Ave) Old Town Sedgwick Properties Leasing Q1 2019 69

42 Concord at Sheridan* (6438 N Sheridan Rd) Rogers Park Three Corners Stabilized Q4 2019 111

43 810 N Clark Gold Coast Cedar Street Stabilized Q3 2019 129

44 1435 N Wells Near North LG Development Stabilized Q3 2019 50

45 61 Banks St. Gold Coast Draper & Kramer Inc. Stabilized Q2 2019 58

46 NEMA (1210 S Indiana) South Loop Crescent Heights Stabilized Q2 2019 800

47 Coeval Chicago (1419 S Wabash) South Loop CMK Stabilized Q2 2019 261

48 The Lincoln Common* (2300 N Lincoln Ave) Lincoln Park McCaffery Interests / Hines Stabilized Q2 2019 538

49 The Mason (172 N. Ada) West Loop Marquette Stabilized Q2 2019 263

*not within the maps boundaries


3


50 1323 W. Morse Ave* Rogers Park TAWANI Property Development Stabilized Q2 2019 50

51 The Field's Lofts* (4000 W Diversey) Logan Square Hubbard Street Partners Stabilized Q1 2019 123

52 1325 N Wells Old Town Sedgwick Properties Stabilized Q1 2019 54

Subtotal 2019 4,790


53 Eight Eleven Uptown* (811 W Agatite Ave) Uptown JDL Development Leasing Q3 2018 381

54 The Cooper at Southbank (700 S Wells) South Loop Lend Lease Leasing Q2 2018 452

55 The Residences at Clark & Addison* Lakeview M&R / Bucksbaum Leasing Q2 2018 148

56 Solstice on the Park* (1616 E 56th St) Hyde Park Antheus Capital Stabilized Q4 2018 250

57 No. 508 Lincoln Park Broder Properties Stabilized Q4 2018 53

58 The Ardus (676 N LaSalle) River North Cedar Street Stabilized Q4 2018 149

59 One Bennett Park (451 E Grand) Streeterville Related Midwest Stabilized Q4 2018 279

60 727 West Madison West Loop F&F Realty / Fifield Stabilized Q4 2018 492

61 NoCa Blu at Logan Square* (2340 N California Ave) Logan Square Savoy / Hunt Stabilized Q4 2018 138

62 The Van Buren (808 W Van Buren) West Loop Loukas Development Stabilized Q3 2018 148

63 A.M. 1980* (1980 N Milwaukee Ave) Logan Square CRG Stabilized Q3 2018 132

64 FLATS Chicago the Otis* (1435 W 15th St) Pilsen Cedar Street Stabilized Q3 2018 92

65 465 N Park Streeterville Metlife Stabilized Q2 2018 444

66 Stewart School Lofts* (4525 N Kenmore) Uptown Morningside Equities Stabilized Q2 2018 64

67 Viridian* (734 W Sheridan Rd) Uptown Vermillion Stabilized Q2 2018 100

68 X University Village (1350 S Union) South Loop Property Markets Group Stabilized Q2 2018 100

69 Marlowe (169 W Huron) River North Lennar Stabilized Q2 2018 176

70 1407 on Michigan (1407 S Michigan) South Loop Russland Capital Stabilized Q1 2018 199

71 Monroe Aberdeen Place (1050 W Monroe) West Loop Michigan Avenue RE Group Stabilized Q2 2018 120

72 Seven10 (710 W Grand) River West Outlook Stabilized Q2 2018 105

73 Wicker Park Connection II (1664 W Division St) Wicker Park Centrum Partners Stabilized Q2 2018 146

74 Eleven40 (1140 S Wabash) South Loop CA Ventures / Kieth Giles Stabilized Q2 2018 320

75 Old Town Park (Atrium Village; 300 W Hill) Near North Onni Stabilized Q2 2018 405

76 Quarters (171 N Aberdeen) West Loop MCZ Development Stabilized Q1 2018 75

77 Elevate (2518-36 N Lincoln Ave)* Lincoln Park Baker Development Stabilized Q1 2018 191

78 3Eleven (311 W Illinois) River North The John Buck Company Stabilized Q1 2018 245

Subtotal 2018 5,404


79 Alta Roosevelt (801 S Financial Place) South Loop Wood Partners Stabilized Q4 2017 496

80 Flats No. 800 (Bush Temple rehab) Gold Coast Cedar Street Stabilized Q4 2017 101

81 The Northland (1550 N Wieland St) Old Town JAB Real Estate Stabilized Q4 2017 60

82 Hubbard 221 (221 W Hubbard) River North Centrum Partners Stabilized Q4 2017 195

83 2950 N Sheridan* Lakeview Wirtz Realty Stabilized Q4 2017 82

84 EMME Chicago (165 N Desplaines St) West Loop Gerding Edlen Stabilized Q4 2017 199

85 8 E. Huron River North CA Ventures Stabilized Q4 2017 102

86 Gallery on Wells (167 W Erie) River North Magellan / Cahan Stabilized Q3 2017 444

87 Spoke (728 N Morgan) River West Bond Companies Stabilized Q3 2017 363

88 Optima Signature (220 E Illinois) Streeterville Optima / DeBartolo Stabilized Q3 2017 490

89 Landmark West Loop (1035 W Van Buren) West Loop Related Midwest Stabilized Q3 2017 300

90 The Sinclair (1210 N Clark) Gold Coast Fifield Stabilized Q3 2017 390

91 Linea (215 W Lake Street) Loop Moceri / Rozak Stabilized Q3 2017 265

92 640 N Wells Street River North JDL Stabilized Q2 2017 251

93 MODE Logan Square* Logan Square Spearhead Properties Stabilized Q2 2017 78

94 The Hudson (750 N Hudson) River North Onni Stabilized Q2 2017 240

95 30 East (30 E Balbo) South Loop Gilbane Stabilized Q2 2017 134

96 3141 N. Sheffield* Lakeview BJB Properties Stabilized Q2 2017 80

97 Centrum Bucktown* Bucktown Centrum Partners Stabilized Q2 2017 94

98 Niche 905 (905 N Orleans) River North Ascend Real Estate Group Stabilized Q1 2017 202

99 Aurelien (833 N Clark) Gold Coast Ryan / Lincoln Stabilized Q1 2017 368



4


100 Exhibit on Superior (165 W Superior) River North Magellan / Cahan Stabilized Q1 2017 298

101 Lakeview 3200* Lakeview Blitzlake Partners Stabilized Q1 2017 90

102 Wicker Park Connection I Wicker Park Centrum Partners Stabilized Q1 2017 61

Subtotal 2017 5,383


103 MiCA* Logan Square Henry Street Partners Stabilized Q4 2016 216

104 L Logan Square* Logan Square Property Markets Group Stabilized Q4 2016 120

105 SoNu Digs Old Town Smithfield Stabilized Q4 2016 98

106 Linkt Apartments (830 N Milwaukee Ave) River West Akara Partners Stabilized Q4 2016 47

107 Sienna Apartments (423 E Ohio) Streeterville Golub Stabilized Q4 2016 50

108 One333 (1333 S Wabash) South Loop CMK Stabilized Q4 2016 307

109 Next (347 W Chestnut) River North Fifield Stabilized Q3 2016 310

110 1822 W Chicago* West Town Fifield Stabilized Q3 2016 59

111 The Parker Fulton Market (171 N Halsted) West Loop Shapack / Focus / Atlantic Stabilized Q3 2016 227

112 1001 S State South Loop Golub / Walsh Stabilized Q3 2016 396

113 Moment (545 N McClurg) Streeterville Golub Stabilized Q3 2016 490

114 Kenect Chicago (500 N Milwaukee) River West Akara Partners / CA Ventures Stabilized Q2 2016 227

115 Marquee at Block 37 (108 N State) Loop CIM / Morguard Stabilized Q2 2016 694

116 MILA (201 N Garland) Loop The John Buck Company Stabilized Q2 2016 402

117 Library Lofts (619 S LaSalle) South Loop Marc Realty Residential Stabilized Q1 2016 106

118 1000 S Clark South Loop JDL / iStar Financial Stabilized Q1 2016 469

119 Wolf Point West (343 W Wolf Point) River North Hines / Magellan Stabilized Q1 2016 509

Subtotal 2016 4,727


120 The Hensley (707 N Wells) River North Akara Partners Stabilized Q4 2015 43

121 Luxe on Madison Expansion (1224 W Madison) West Loop Fifield Stabilized Q4 2015 42

122 Xavier Apartments (625 W Division) Near North Gerding Edlen Stabilized Q4 2015 240

123 Gateway (11 S Green) West Loop Lennar Stabilized Q3 2015 167

124 Lofts at River East (445 E Illinois) Streeterville Group Fox Stabilized Q3 2015 285

125 Residences at New City (1515 N Halsted) Lincoln Park Structured Dev Stabilized Q3 2015 199

126 State & Chestnut (845 N State) Gold Coast Newcastle Stabilized Q2 2015 367

127 Eight O Five (805 N LaSalle) River North Smithfield Stabilized Q2 2015 292

128 Circa 922 (922 W Washington) West Loop Focus / Atlantic Stabilized Q1 2015 104

129 Arkadia Tower (765 W Adams) West Loop White Oak / CA Ventures Stabilized Q1 2015 350

130 North Water (340 E North Water Street) Streeterville DRW Stabilized Q1 2015 398

131 Jeff Jack (601 W Jackson) West Loop Moceri / Rozak Stabilized Q1 2015 190

132 Jones Chicago (220 W Illinois) River North Gerding Edlen / Fred Latsko Stabilized Q1 2015 188

Subtotal 2015 2,865


133 The Aberdeen (22 N Aberdeen St) West Loop Michigan Avenue RE Group Stabilized Q3 2014 81

134 The Scott Residences (211 W Scott) Old Town JDL / Harlem Irving Stabilized Q3 2014 71

135 AMLI Lofts (800 S Clark) South Loop AMLI Stabilized Q3 2014 398

136 The Madison at Racine (1164 W Madison) West Loop Ascend Stabilized Q3 2014 216

137 Webster Square Apartments (558 W Webster) * Lincoln Park Sandz Development Stabilized Q3 2014 75

138 Catalyst (123 N Desplaines) West Loop Urban R2 / Marquette Stabilized Q2 2014 223

139 OneEleven (111 W Wacker) Loop Related Stabilized Q2 2014 504

140 73 E Lake Loop M&R Stabilized Q2 2014 332

141 850 N Lake Shore Drive Streeterville Nat Advisors Stabilized Q1 2014 198

142 1611 W Division Wicker Park Henry Street Partners Stabilized Q1 2014 99

143 Halsted Flats (3740 N Halsted) * Lakeview JDL / Harlem Irving Stabilized Q1 2014 269

Subtotal 2014 2,466



5



144 Optima Chicago Center (200 E. Illinois) Streeterville Optima / DeBartlo Stabilized Q3 2013 325

145 AMLI River North (71 W. Hubbard) River North AMLI Stabilized Q3 2013 409

146 Hubbard Place (360 W. Hubbard) River North Habitat Stabilized Q3 2013 450

147 500 N. Lake Shore Drive Streeterville Related Stabilized Q2 2013 500

148 K2 (365 N. Halsted) West Loop Fifield / Wood Stabilized Q1 2013 496

149 The Coast (345 E. Wacker) Lakeshore East Magellan Stabilized Q1 2013 515

Subtotal 2013 2,695



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UNDER CONSTRUCTION LEASING STABILIZED


7

0

5

10

15

20

25

PROJECTS DELIVERED BY YEAR, SUBMARKET

2013 2014 2015 2016 2017 2018 2019 2020 2021

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

TOTAL APARTMENT UNITS DELIVERED BY YEAR, SUBMARKET

2013 2014 2015 2016 2017 2018 2019 2020 2021


8

36,526TOTAL NUMBER OF UNITS SINCE 2013

4,058AVERAGE ANNUAL UNITS 2013-2021

6

11

13

17

24

26

21 21

9

0

5

10

15

20

25

30

2013 2014 2015 2016 2017 2018 2019 2020 2021

Proj

ects

Del

iver

ed

Downtown Chicago - Projects Delivered by Year

2,695 2,466

2,865

4,727

5,383 5,404

4,790 5,024

3,172

0

1,000

2,000

3,000

4,000

5,000

6,000

2013 2014 2015 2016 2017 2018 2019 2020 2021

Uni

ts D

eliv

ered

Downtown Chicago - Annual New Supply

CONTACT INFORMATION

JOHN JAEGERMultifamily

Executive Vice President+ 1 312 935 1037

[email protected]

DAN COHENMultifamily

Executive Vice President+ 1 312 935 1427

[email protected]

JUSTIN PUPPIMultifamily

Senior Associate+ 1 312 861 7839

[email protected]

NISHA MISHRAMultifamilyAssociate

+ 1 312 935 [email protected]

cbre q1 2020...31 2150 w lawrence* ravenswood sonco re leasing q4 2019 59 32 broadway apartments*...

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