CHICAGO—Officials from Golub & Co. and its partner, Los Angeles-based CIM Group, say they have just opened their new 40-story multifamily residential tower at 1001 S. State St. in Chicago’s South Loop neighborhood. The Solomon Cordwell Buenz-designed glass and steel development has 397 luxury units and a host of technology-focused amenities. The building’s first residents will move in this month.
“The South Loop is one of Chicago’s fastest-growing and most-desirable neighborhoods,” says Golub president and chief executive officer Michael Newman. “1001 is destined to become the place for Chicago’s top innovators to live, work and collaborate.”
“Companies relocating from the Chicago suburbs to downtown are boosting employment in the city, while long commutes are motivating renters to move into the urban core,” according to a recent Apartment Market Research Report by Marcus & Millichap. “As such, apartments within an easy commute into downtown are highly sought after.”
The new building’s high-tech amenities include the Makerspace, a communal workspace where residents have access to the state-of-the-art Nomad 833 Pro CNC milling machine and a Glowforge™ 3D Laser Printer. Other amenities that should appeal to many in the technology start-up world include a co-working space featuring an interactive whiteboard technology presentation system, USB stations throughout the common areas, and a shared media and game room.
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1001 South State also features more traditional amenities such as an outdoor pool and sundeck, an outdoor hot tub, a fitness center and a specialty yoga studio, a conference room, a bike share and repair room, a dog run and pet grooming area, a resident lounge and a terrace with cabanas and grilling stations, a birch grove, complimentary Wi-Fi in common areas, and automated package pick-up and dry cleaning systems.
“1001 State Street brings contemporary residences to the district in the South Loop, a neighborhood that offers an eclectic mix of shopping, dining, cultural and entertainment options as well as access to the area’s regional public transportation network,” says Avi Shemesh, co-founder and principal, CIM Group.