ChicagoDowntown / Loop

Does OneEleven have downtown Chicago’s worst two-bedroom floor plan?

by Joe Zekas on 4/14/14

Related Midwest’s newest apartment tower, OneEleven at 111 W Wacker Dr, has a great location that will serve up glorious views along the Chicago River from north-facing units.

The building began its life as Waterview Tower. It was originally slated to rise 90 stories and include 233 condominiums and a Shangri-La Hotel on the 12th through 27th floors. Construction on the project halted in 2008 after the hotel floors were largely complete. It resumed late in 2012 when Related Midwest acquired the project for development of a 60-story building with 504 apartments.

The first apartments at OneEleven are now being marketed for July 1st occupancy. They’re on the lower floors, and the switch-over from hotel to apartments has resulted in some less-than-optimal layouts.

My first reaction when I looked at the floor plan for a southeast corner 2-bedroom, 2-bath renting for $3,875 was that it just might be the worst 2-bedroom floor plan in downtown Chicago.

A lot of space in the apartment is lost to travel corridors. Both bedrooms are smaller than their counterparts at all of the newer Loop buildings, except for Coast which has a smaller second bedroom on several plans.

The master bedroom’s space is compromised by a large structural column and the master closet comes up way short of what you’d expect in a luxury apartment. Another column complicates furniture placement in the living / dining area. The kitchen has limited cabinet space.

Don’t expect the views from these southeast corner units to compensate for the awkward floor plan. The south wall is directly across an alley from the 27-story 203 N LaSalle building. East windows may offer a glimpse of the river.

OneEleven is promising “exceptional amenities” and “hospitality-level service.”

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{ 4 comments… read them below or add one }

the urban politician April 14, 2014 at 1:59 PM

$3875 for a 2 bedroom? Wow, downtown Chicago rents are getting up there. Still not at the level of NY or SF, but wow nevertheless.

I’m probably going off on a tangent here, but this may ultimately be the best way of capturing property tax revenue for the cash-strapped pension-shortfalled city. Instead of going after homeowners, raise taxes on the large multiunit apartment towers, who can simply pass along the costs to rents via high rents.

After all, high property taxes = a burden on homeowners. High rents = anybody who is anybody HAS to live there…

Reply

Rawk Star Ninja April 14, 2014 at 2:41 PM

Renters already pay property tax; the tax is built into the monthly rental rate.

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the urban politician April 14, 2014 at 3:34 PM

Uhhhhhh……

Uhhhhhh……

Ok…

Thanks for pointing that out…..

Reply

David J April 15, 2014 at 5:55 AM

I don’t know who would pay nearly $4k to live in that unit. The “master” bedroom closet is a JOKE! The coat closet is larger than that pitiful excuse for a closet in the bedroom. The Loop is no party on the weekend, but at least they’re just across the river from River North and not too far away from the West Loop. The rent seems at least $1,300 too high for what they’re offering. You’d think they would have done more to make these units into suitable living areas rather than than simply adding small kitchens to some mashed-together hotel rooms.

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