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Draper and Kramer Launches Pre-leasing at South Loop Rentals

Pre-leasing is underway for Draper and Kramer’s Aspire Residences, a 24-story, 275-unit apartment tower in the South Loop. Located less than a block from the CTA’s Cermak/McCormick Place Green Line station, the transit-oriented development is slated to see its first move-ins this summer.

“Aspire is among the first new residential properties in this growing district in a number of years, giving those who are attracted to its walkability and urban lifestyle an opportunity to reside in a new-construction rental high-rise,” said Todd Bancroft, president and CEO of Draper and Kramer.

Bancroft noted that while the ongoing COVID-19 pandemic has changed the way people search for apartments, initial interest in Aspire has been strong, with several units already leased. “We’re thrilled with the positive early response, which tells us renters are looking to the future and researching new options in the market,” he said.

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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 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 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).

Step 1: Select Education
  • ◦Development
  • ◦Lease
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