Tishman Speyer has acquired Union West, a newly constructed luxury residential tower in Chicago’s popular West Loop enclave. The property is near the city’s downtown Loop district. The seller, a joint venture led by ZOM Living, was represented by John Jaeger, executive vice president in CBRE’s Multifamily Capital Markets Group.
Located at 939 West Washington Blvd., the 15-story apartment building is 94 percent leased. Renters can choose from 32 floorplans at studio and one-, two- and three-bedroom apartments. The units measure 482 to 1,385 square feet. Features and finishes include walk-in closets, window coverings, air conditioning and in-unit washers and dryers. Rooftop grill stations and firepits are among the community amenities offered.
Boutique retailers
In addition to being located near several retailers, Union West is home to West Loop Market, an in-building boutique market. The property is located just south of one of Chicago’s most popular restaurant corridors, where numerous eateries occupy former warehouse space. Fulton Market is also located nearby.
The Loop, one of the city’s most important job hubs, is within walking distance. Public transportation is easily accessible from the property, which is a short walk from two Chicago Transit Authority Blue Line stations and one Pink and Green Line station. Commuter rail stops are also located nearby, with Chicago’s Ogilvie Transportation Center and Union Station less than 20 minutes away. Four colleges and universities are within 1.6 miles, or an approximately 5-minute drive from Union West.
Earlier this month, Habitat topped off the second building at the new 43 Green development on Chicago’s South Side.
