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Article: Project about to head out of the K Station; Two towers northwest of Loop on one-time railroad land are nearing construction, thanks to a strong market in rental housing
- Article from:
- Chicago Sun-Times
- Article date:
- September 26, 2007
- Author:
CopyrightCopyright 2007 Chicago Sun-Times. (Hide copyright information)
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Covering what was lately excess railroad land, Fifield Cos.'s K
Station immediately northwest of the Loop is one of downtown's
largest long-term projects. It's taking a huge step forward,
courtesy of strength in the market for rental housing.
Fifield President Rick Cavenaugh said the company will start
construction next month on two apartment high-rises, the third and
fourth of what eventually is planned as a six-building complex. The
new buildings, slated for mid-2009 delivery and designed by
Pappageorge/Haymes Ltd., will be 43 and 39 stories and will be
southwest of Clinton and Kinzie. They will contain 857 units.
Turmoil in the market for condos has had a slight impact on the
rental ...