167 W Erie St, will be a 39-story, 450-unit apartment tower in Chicago’s River North neighborhood. The project will include ground-level retail space fronting Wells St.
The development received Plan Commission approval in August of 2014. Construction is anticipated to begin early in 2015, with completion slated for 2016.
The building will replace the colorful Gino’s East Restaurant that formerly occupied part of the site.
Details of the project’s unit mix are not yet available. Rents are estimated to be $3.40 a square foot, or $3,400 a month for a 1,000 square-foot apartment.
Views. The 167 West Erie tower will be on a north – south axis and surrounded by largely low-rise development, ensuring spectacular skyline views to the east, north and south, and a fairly unobstructed view corridor to the west.
Amenities, services, policies
Details of the amenities package are not yet available, but the building is likely to have extensive amenities to compete with the newer apartment towers in the area.
Preliminary renderings show a large sundeck with a pool and whirlpool atop the existing office building on the site.
The building will have 219 parking spaces in an on-site garage.
Loyola University’s Water Tower campus, home to its law, business, education and communications schools, is a few blocks north and east of the property. Northwestern and Lurie Children’s hospitals are a short walk further east.
167 West Erie is on the cusp of the River North Gallery District, which has been shrinking in recent years but remains a scene worth visiting.
Dining, nightlife. 167 West Erie is a short walk from a dense array of dining and nightlife options in River North and the Gold Coast.
The immediate area is home to many of the venues that draw crowds of suburbanites, tourists and conventioneers to the area. Hooters and Ed Debevic’s are across the street on Wells. The Rainforest Café, Hard Rock Café, Portillo’s and Rock N Roll McDonald’s are nearby – and that’s just for starters.
On a more positive note, there are numerous neighborhood-oriented dining and nightlife options nearby that residents will find appealing.
Parks, recreation. River North is a park desert. 167 West Erie’s location, in the heart of the neighborhood, has poor proximity to public parks.
Transportation. Public transportation is good from an objective standpoint, but poor in comparison to most River North apartment locations.
The CTA Red Line stops Chicago Ave and Chicago Ave are about a 10-minute walk from 167 West Erie. The Brown and Purple Line stops at Chicago Ave and the Merchandise Mart are, respectively, a 5- and 8-minute walk away.
A variety of CTA bus routes traverse LaSalle St, Grand Ave and Chicago Ave within a short walk of 167 West Erie. The southbound #37 bus stops across the street and travels to the Merchandise Mart and on into the Loop.
The location has good access to I-90/94 and the city’s expressway grid via the Ontario St on-ramp, which is on the south side of the building.
We’ve spotlighted the best River North apartment buildings on each of 18 different criteria to make it easier for you to identify the one that’s best for you, based on the factors you prioritize.
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