Amli Residential has submitted a proposal for an apartment project with a point of differentiation: size. The apartments Amli has planned for 808 N. Wells St. will be at least one-third smaller than those at the developer’s other downtown properties.
“This is a first for Amli, developing a property with unit sizes of 548 square feet,” Amli chairman and CEO Greg Mutz told Crain’s Chicago Business.
The 297-unit development, on a site that Amli took over after a planned condominium tower stalled, will be coming into a downtown apartment market that’s bursting with new construction. However, it may also ride the current wave of popularity for smaller apartments at a time when larger units challenge young professionals to cover the rent check.
At 808 N. Wells, Amli will charge about $1,800 a month, according to the minutes of a community group meeting where the developer presented its plan last month.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).
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