It has been nearly a decade since The Pizzuti Cos. first proposed building a downtown mixed-use development but construction is finally underway. The Columbus, Ohio based developer is building the Coppia, a 298 unit apartment complex located at 1101 W. Van Buren St. in the West Loop.
The 19-story tower will consist of:
- Studio units
- One-bedroom units
- Two-bedroom units
- Three-bedroom units with penthouses on the top floor
- Coworking space
- Dog park with dog spa
- Sun deck with swimming pool
- Outdoor bar
- Cabanas
- Private grilling stations
- Storage rooms
- 2,200 square-foot game room with arcade games
- Ground level retail
- Outdoor fireplace and fire pits with lounge seating
- Professional grade golf simulator and shuffleboard
- Fitness center
- Clubroom
- Bike storage
- 24 hour concierge service
ConnectCRE states that the tower will be located across the street from a Target store and near the Chicago Transit Authority's Blue Line train station. The development is slated for 2024 completion.
The developers recently received an $82 million construction loan from CIBC Bank.
Multi-Housing News reports that Pizzuti Cos. recently filed new plans with the city that shortened the project by 50 feet according to various media reports.
The area of the project is the cornerstone to the popular Fulton Market District, the Greektown neighborhood and is also next to the Illinois Medical District.
Power Construction will handle construction and Goettsch Partners is the design architect for the project. Village Green will provide property management services.
In addition to its Columbus headquarters, Pizzuti Cos. has offices in Chicago and Nashville, Tennessee. The company was founded in 1976 and has developed more than 60 million square feet of projects including:
- Multi-family
- Mixed-use
- Office
- Industrial
- Hospitality
Pizzuti also has a Living with Art program in many of its properties and will include fine art in Coppia featuring emerging and established artists.
DataBid is currently reporting on this project - 1061 W Van Buren Street Mixed Use Tower West Loop - Chicago (0040110122)