(To read more on the multifamily market, click here.)

CHICAGO-AMLI Residential will break ground this December for a24-story, 440-unit rental apartment building at 900 S. Clark St.within the 22-acre, master-planned LaSalle Park. The locally basednational multifamily specialist owns and operates 12 AMLI-brandedproperties with an aggregate of 4,853 units in the Chicago suburbs,and AMLI 900 represents its first move into Downtown.

"We have been watching the residential and retail growth in thisneighborhood, looking for an ideal opportunity to enter themarket," says Stephen Ross, the company's EVP of development. "Withthis location near Clark and Roosevelt, we have found exactly whatwe wanted."

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