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Chicago & Midwest  + Downtown  + Apartments  | 

Draper and Kramer Launches Pre-leasing on Gold Coast Rentals

Pre-leasing is underway for Draper and Kramer’s 61 Banks Street, an eight-story, 58-unit boutique rental building on the last undeveloped lakefront parcel in Chicago’s Gold Coast neighborhood. First move-ins are expected to take place this May.

“Chicago’s Lake Michigan frontage between Oak Street and North Avenue is one of the city’s most iconic destinations for lakefront living, but there hasn’t been a new residential building constructed along this stretch of Lake Shore Drive since the early 1980s,” said Todd Bancroft, president and CEO of Draper and Kramer, the project’s developer.

The building includes a mix of two and three-bedroom residences, with two-bedroom apartments averaging 1,700 square feet and three-bedroom apartments averaging 2,400 square feet. Apartments are priced from $7,200 per month.

@properties is the exclusive leasing brokerage for 61 Banks. Bancroft said early response has been “tremendous.” Residences are already 25% leased.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Lease
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