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CHICAGO- The Marquette Companies just announced that they broke ground this month on Catalyst, a 19-story luxury rental building located at 630 W. Washington in Chicago’s burgeoning West Loop. The development is a joint venture between the Naperville-based firm and El Paso-based Hunt Cos. and New York-based Kayne Anderson Real Estate Advisors.

“It will be completed by September 2014 and we’ll start delivering units by the first of June,” says Darren Sloniger, managing director of acquisitions for Marquette. The building will have 223 apartments including studios, one-bedrooms, two-bedrooms and three-bedrooms and average 910-square-feet. Rents will average $2.70 a square-foot.

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