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Draper and Kramer Tops Off at South Loop Apartments
Draper and Kramer topped off its new 24-story, 275-unit apartment tower in the South Loop. Called Aspire Residences, the transit-oriented development is reportedly the largest residential community built in the South Loop’s McCormick Square area since 2010. Completion is scheduled for summer 2020.
“Aspire continues the transformation of this corner of the South Loop into a vibrant mixed-use district that is close to downtown while enjoying its own distinct identity,” said Ed Polich, EVP of real estate with Draper and Kramer.
According to Polich, Aspire’s development is part of an overall strategy to build or acquire well-located Class A properties in submarkets where long-term growth is expected.
“We believe this particular pocket of the South Loop is like Fulton Market five years ago or Wicker Park in the 1990s – a place that benefits from a rich history while embracing new uses that support continued growth and investment,” Polich said.
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