Construction of the 45-story, 500-unit apartment tower at 500 North Lake Shore Drive began in September of 2011 and occupancy began in May of 2013.
Studio apartments start at $1,935, convertibles at $2,295, 1-bedrooms at $2,495, and 2-bedroom, 2-bath units at $4,195.
The apartments have 9-foot ceilings, floor-to-ceiling windows, wide-plank flooring, in-unit washer / dryers and open kitchens with Snaidero cabinetry, stainless-steel appliances and quartz countertops. The units don’t have built-in microwaves, which you’ll find at most of the competition. They do extend the plank flooring throughout while most competitors limit it to living areas and offer carpeted bedrooms.
The lowest-priced convertible plan has a stall shower but no tub, a single closet and a layout that will be challenging to furnish comfortably.
Closet space may be a concern in a number of the floor plans. In a departure from what’s become almost a standard in new apartment construction, none of the units have balconies.
Views. 500 LSD is on a direct east-west axis with Lake Point Tower, which obscures the views of Navy Pier. East- and south-facing units should, however, enjoy a view of the Navy Pier fireworks.
The building’s neighbors to the north and south block some of Chicago’s more dramatic vistas, and developments planned and underway will constrain the views to the south and west, which are currently some of the best 500 LSD has to offer from its higher floors.
Amenities, services, policies
You can see a lengthy description of 500 LSD’s services and amenities at The Chicago Architecture Blog.
The 30,000 square foot amenity package includes club rooms for entertaining and relaxing on the 11th and 45th floors and a fully-outfitted catering kitchen to service the club rooms, outdoor spaces and residences. The residents-only Equinox fitness center includes a stretching and yoga area.
The building has a landscaped roof terrace with an outdoor pool, sundeck, private cabanas, grills and a fire pit.
There’s on-site bike storage and a Zipcar car-sharing location.
The building is seeking LEED Silver certification from the US Green Building Council.
500 North Lake Shore Drive sits at the point at which Lake Shore Drive becomes elevated to span the Chicago River.
Navy Pier and other nearby attractions make the location a major tourist draw, which is either a plus or a minus, depending on your preferences.
Shopping. The nearest full-service grocery is the troubled Fox & Obel, a block to the west. Treasure Island, which bills itself as “America’s most European supermarket,” is a few blocks north. A Dominick’s is a few blocks west of the building.
A Walgreen’s Pharmacy is a short walk west.
Michigan Avenue’s Magnificent Mile begins a few blocks west of 500 LSD.
Dining, nightlife, entertainment.
Head east to the restaurants at Navy Pier if you’re in a tourist state of mind. Head west and you’ll quickly encounter a restaurant-dense environment, with something for almost every mood and palate.
Show up early or expect a wait for the large portions at Yolk, a popular breakfast spot at the corner of Grand & McClurg.
Lake Shore Park, which has a running track, softball fields, tennis courts, a playground and a small field house, is a few short blocks north.
There’s also a 3-acre park with a dog run immediately west of the building.
Transportation. The location is poorly served by public transportation, with the exception of CTA bus routes.
Access to and from Lake Shore Drive, as you’d expect, is superb. Reaching I-90/94 and the rest of the city’s expressway grid can often involve a tedious, time-consuming slog. Expect near-gridlock conditions when there’s a major event in the neighborhood.
Taxi service is readily available, 24/7.
Rentals are typically available in a number of nearby condo buildings, sometimes at sharply lower rents than in the managed apartment buildings.
500 LSD in the news
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