61 Banks Street_Exterior

February 6, 2019 Comments Off on Draper and Kramer Launches Pre-leasing on Gold Coast Rentals Views: 283 Chicago News, Downtown

Draper and Kramer Launches Pre-leasing on Gold Coast Rentals

Pre-leasing is underway for Draper and Kramer’s 61 Banks Street, an eight-story, 58-unit boutique rental building on the last undeveloped lakefront parcel in Chicago’s Gold Coast neighborhood. First move-ins are expected to take place this May.

“Chicago’s Lake Michigan frontage between Oak Street and North Avenue is one of the city’s most iconic destinations for lakefront living, but there hasn’t been a new residential building constructed along this stretch of Lake Shore Drive since the early 1980s,” said Todd Bancroft, president and CEO of Draper and Kramer, the project’s developer.

The building includes a mix of two and three-bedroom residences, with two-bedroom apartments averaging 1,700 square feet and three-bedroom apartments averaging 2,400 square feet. Apartments are priced from $7,200 per month.

@properties is the exclusive leasing brokerage for 61 Banks. Bancroft said early response has been “tremendous.” Residences are already 25% leased.

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