Chicago & Midwest + Downtown + Apartments | January 12, 2023

Streeterville Apartment Tower Breaks Ground in “Symbol of Chicago’s Recovery”

City officials joined developers Wednesday at the groundbreaking for The Saint Grand, Streeterville’s newest mixed-use development. The project is a joint venture between Mavrek Development, GW Properties, Luxury Living, and Double Eagle Development. The 21-story property is being constructed at the corner of Grand Avenue and St Clair. Office tenant buildouts are expected later this year, with residential deliveries in early 2024.

“What we’re celebrating today is a symbol of Chicago’s recovery,” said Chicago Deputy Mayor of Neighborhood and Economic Development Samir Mayekar. “This will be the first multifamily property to deliver in Streeterville since the pandemic. The future is bright to invest in Chicago and to invest in this neighborhood.”

Added Mavrek managing partner Adam Friedberg, “Breaking ground is the next exciting step on a project we’re eager to bring to completion, not only for our joint team of developers, but for the area and its residents as well.”

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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 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).