A video tour of 850 Lake Shore Drive

In the video Crain’s Alby Gallun and developer Matt Phillips tour 850 Lake Shore Drive and chat about the current rental market. The 17-story building, formerly the Lake Shore Athletic Club and a Northwestern dorm, is being renovated into 198 luxury apartments. First occupancies are slated for next month.

Phillips expects 850 to do well, based on the building’s location and character, despite a rental market that’s been softening recently. “We’re targeting a little more mature demographic” than the other new buildings, he said.

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