West Loop’s Newest Residential Tower Leasing Office Located at 845 W. Monroe
Chicago – Lendlease, along with co-developer The John Buck Company and partner Intercontinental Real Estate Corporation, today announced pre-leasing is underway at Porte, a two-tower, mixed-use development under construction at 855 W. Madison St. in Chicago’s West Loop. Designed by G|R|E|C Architects, the community (formerly known as The Venn) is scheduled to welcome its first residents in late spring 2020.
“Occupying a full city block, Porte is a dynamic live/work/play community designed for Chicago’s premier live/work/play neighborhood,” said Ted Weldon, executive general manager for Lendlease Development in Chicago. “The sheer size of the site allowed us to create not one, but two towers with a diverse mix of floor plans and amenities that reflect the wide appeal of this location. Recognizing that residents want to be connected not only with each other, but also the neighborhood they call home, we designed Porte so that it opens to the adjacent Mary Bartelme Park, with lower-density townhomes along the southwest corner of the development and integrated retail space that will serve the greater West Loop community.”
Porte offers studio, one-, two- and three-bedroom apartments ranging in size from 546 to 1,591 square feet, with rents starting at $2,170 per month. Residences feature hardwood-style flooring; modern kitchens with custom cabinetry, quartz countertops and stainless steel appliances; in-unit laundry; programmable Nest thermostats; and built-in closet organizer systems. The north tower will offer a lighter finish package, while south tower residences will showcase a darker color palette. Select plans will also include integrated appliances, with private balconies and terraces available in some units.
Residents can also choose from a collection of two-bedroom townhomes measuring 1,469 to 2,036 square feet, with monthly rents starting at $7,240. In addition to the finishes offered in the tower residences, the two-story townhomes include private entrances along Peoria and Monroe streets.
“As its name implies, Porte is designed to serve as a door to all the West Loop has to offer,” said John Buck, chairman and CEO of The John Buck Company. “The surrounding neighborhood provides almost every luxury and convenience a person could desire, so Porte is tailor-made for this prominent location, offering a dynamic mix of floor plans and amenities that complement existing offerings nearby.”
Each tower will have its own ground-floor lobby and amenity suite, including a fitness center, entertainment lounge, game room, communal chef’s kitchen, coworking space and dog run. The towers will be connected by a two-story podium topped with a landscaped pool deck with lounge seating, fire pits, grilling stations and seasonal plantings.
“Porte’s unique features and robust amenity suite satisfies every aspect of the live-work-play lifestyle for young professionals, as well as families and empty nesters who want and appreciate all that city living has to offer,” said Peter Palandjian, chairman and CEO of Intercontinental Real Estate Corporation. “Intercontinental is proud to be a part of this distinct community within one of Chicago’s most sought-after neighborhoods.”
Porte features a stepped, three-tier facade that transitions from masonry at street level to glass on the upper floors – a design intended to maintain the character of the existing streetscape and to complement the surrounding architecture in the West Loop.
“The opportunity to transform an entire city block is one that we approached with both creativity and contemplation, as the development had to not only be distinct in its design, but also mindful of the aesthetic that defines the surrounding neighborhood,” said Greg Randall, managing principal of G|R|E|C. “The essence of urban living and the soul of the West Loop informed every aspect of Porte’s design – from our selection of materials to the deliberate positioning of the towers to maximize natural light and connectivity with Mary Bartelme Park.”
In addition to offering immediate access to the 2.7-acre park, which houses a fountain plaza, children’s play area, dog park, open lawn area, viewing hill and seating, Porte is steps away from Randolph Street’s famed restaurant row and numerous shops throughout the West Loop. The community also offers convenient access to the Kennedy and Eisenhower expressways, as well as the Ogilvie Transportation Center, Union Station and several CTA bus and rail lines connecting to the Loop and Illinois Medical District.
Porte’s leasing center, located at 845 W. Monroe St. (Suite 1B), is open Monday through Friday from 9:00 a.m. to 6:00 p.m., Saturday from 10:00 a.m. to 5:00 p.m., and Sunday from 12:00 p.m. to 5:00 p.m. For more information, visit www.porteapts.com.
Lendlease is a leading international property and infrastructure group with operations in Australia, Asia, Europe and the Americas. Our vision is to create the best places: places that inspire and enrich the lives of people around the world.
Headquartered in Sydney, Australia, and listed on the Australian Securities Exchange, Lendlease has approximately 13,000 employees internationally.
Our core capabilities are reflected in our operating segments of Development, Construction and Investments. The combination of these three segments provides us with a sustainable competitive advantage and allows us to provide innovative integrated solutions for our customers. Our integrated approach means we harness the expertise in infrastructure, design, development, investments and management to deliver a project from conception to completion.
In the US, Lendlease Development brings over 60 years of global experience to bear in urbanization, communities and infrastructure development. Leveraging our Urban Regeneration strategy, we are committed to delivering transformational projects in gateway cities that meet our vision To Create the Best Places, places to be enjoyed and celebrated – both today and in future generations. For more information, visit www.lendlease.com.
About The John Buck Company:
Founded in 1981, The John Buck Company (“JBC”) has an established track record and reputation as a premier, vertically-integrated real estate investment, development and operating company focused on major U.S. urban markets. Since inception, JBC has made principal investments in assets comprising more than $6.7 billion of gross value and acquired, developed, or redeveloped over 42 million square feet of office, multifamily, residential and mixed-use properties. For more information, visit www.tjbc.com.
About Intercontinental Real Estate Corporation:
Intercontinental Real Estate Corporation is an SEC Registered Investment Adviser with decades long experience in real estate investment, finance, development, construction management and asset management. Since 1959, Intercontinental and its affiliates have managed, developed, or owned collectively over $10 billion in real estate property. Today, Intercontinental manages a real estate portfolio of approximately $8 billion for its clients. The Intercontinental portfolio is diversified both by robust property mix and by geography. Fund strategies actively seek opportunities to invest in both Core and Core-Plus properties, as well as in Value-Add operating properties and development projects. For more information, visit www.intercontinental.net.
About G|R|E|C Architects:
G|R|E|C Architects is a world-class, national studio of diverse experts known for redefining environments by employing responsive, artistic and integrated architectural methods. Based in Chicago, G|R|E|C develops meaningful spaces by creating experiences for people where they live, work and play. G|R|E|C specializes in sectors including hospitality, high-rise residential, commercial and mixed-use, and interior design for corporate environments. For more information, visit www.grecstudio.com.