With big apartment developments already under way in River North and Evanston, Amli Residential is working up plans for its third local one, a two-tower 398-unit project in the South Loop.
Amli CEO Greg Mutz confirms that the Chicago-based developer has signed a contract to buy the 3.5-acre site at the southwest corner of Clark and Polk streets, where it would build the project, just north of a 440-unit apartment building it owns.
“We really want to start this thing this year,” Mr. Mutz says. “We think the South Loop has a lot of upside.”
If you're familiar with that area, you know that Amli already has a building at 900 S. Clark (just South of the proposed development). While we're a fan of anything over a parking lot, the renderings are hard to get excited about.
A reader even went as far to send us a letter that he sent to Rahm, Alderman Fioretti and others (here is the link if you're interested).
(Images from Mr. Downtown Skyscraper Page)
(Hat tip: Curbed Chicago)
