Boutique Rental Building in Heart of Lincoln Park

July 28, 2014

luxury rental in Lincoln Park

The Tin Man from the “The Wonderful Wizard of Oz” stands guard across the street from the seven-story Webster Square apartment development in Chicago’s Lincoln Park neighborhood.

A boutique building with 75 units, Webster Square is the first residential phase of an adaptive reuse project that will include apartments, condominiums, eight row houses, retail and a 225-car parking garage at the corner of Lincoln and Webster avenues.

The apartments are the first residences on the site of the former Lincoln Park Hospital, previously known as Grant Hospital, which closed in 2008. A fixture in the neighborhood for 125 years, the hospital was the centerpiece of a long zoning fight when Sandz Development took control of the property in 2009.

Mrs. Green’s Natural Market has opened in the retail space, and the parking garage is open as well.

The first renters moved into the development at the end of May, and the building was 70percent leased in early July. By fall, Sandz plans to begin marketing 100 more condo units.

Far smaller than the new, resort-style, multifamily projects sprouting in Chicago’s downtown, Webster Square’s apartment building is drawing young professionals and families with young kids, said David Goldman, a Sandz partner.

It is one of the few tenant-ready new rentals in this affluent area and is an easy commute to downtown, near several top-rated public and private schools, and within easy walking distance of restaurants, shops and services, he said. It is across the street from Oz Park, home of the Tin Man and other sculptures celebrating the characters of the L.Frank Baum books, and is five blocks from Lincoln Park along the lakefront and Lincoln Park Zoo.

Goldman said you can see treetops “all the way to River North and across Oz Park” from the rooftop sun deck and clubroom.

The apartments are in the western tower of a two-tower complex connected at ground level by a two-story link. Interior demolition has begun on the 12-story east tower where new condos will be built.

Units range from a 684-square-foot studio from $2,093 a month to two-bedroom, two-bath units up to 1,238 square feet starting at $3,079. Not yet completed, and as yet with no listed price, is a 2,652-square-foot three-bedroom apartment.

Nine-foot ceilings, individually controlled heating and cooling, in-unit washer and dryer, solid core doors, European-style kitchen cabinetry, quartz countertops and stainless steel appliances are standard. All the units have plank flooring in the living area and carpeting in the bedrooms.

One unreserved garage parking space is included in the monthly rent, and additional parking is available.

Unit 602 is one of the two-bedroom, two-bath floor plans. On the southwest corner of the building, the open living and dining area overlooks the Lincoln and Webster intersection, with views of the city’s skyline to the south and the DePaul University neighborhood to the west.

Suffused with natural light, the open kitchen is divided from the living space by a dining bar. The bedrooms are on opposite sides of the apartment.

Among the smaller units is a 684-square-foot studio floor plan. It has a wall of windows overlooking a tree-lined side street with turn-of-the-century homes.

The kitchen is along another wall, leaving the living/sleeping space open and unobstructed except for a pillar with a built-in desk.

Webster Square apartments are on floors two through six.

The building’s lobby at 558 Webster Ave. is contemporary in design and equipped with a security system that can be connected to a TV or cellphone.

The rest of the ground floor is retail or office space.

The seventh-floor fitness center and a glass-walled residents clubroom are surrounded by a sun deck with panoramic views.

A business center is on the second floor.

Webster Square Apartments

558 W. Webster Ave., Chicago



This article was originally published on ChicagoTribune.com on July 28, 2104.

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