CHICAGO, IL - San Antonio, Texas-based Lynd Development Partners unveiled the name and plans today for a 29-story, 249-unit luxury apartment development at 161 W. Kinzie in Chicago's River North neighborhood. Scheduled for spring 2010 occupancy, EnV (pronounced "envy") will incorporate environmentally responsible design and building practices its developers expect will result in one of the city's first LEED-certified rental properties.
"We're proud to enter Chicago's expanding rental market with an environmentally conscious building in an incomparable River North location, close to the city's finest business, shopping, entertainment, transportation and recreation centers," said David Lynd, Lynd Development Partners Chief Operating Officer. "The name EnV reflects our vision of creating an atmosphere that non-residents will envy, and also highlights the building's environmental aspects. "Given the current real estate market, renting makes sense," he continued. "We intend to set the standard for the upper-end rental property submarket with a unique, edgy building with a boutique feel and social atmosphere, unlike anything else in the area."
EnV will be marketed to graduate students, urban professionals, the newly single and others desiring an in-town residence. Amenities will include: Fully equipped fitness center, resident lounge with kitchen, movie room, internet café and coffee bar, rooftop deck and pool, wine storage lockers and dog run.
Additionally, Lynd Development Partners plans to incorporate cutting-edge technology, including: A virtual concierge, convenient methods to make rent payments and order many other services online and via the building's website, V-Connect, which is an amenity system from Apple Computer that will allow residents to integrate their security and other preferences via iPod or iPhone, Shop24, a 150-item automated convenience store that accepts cash, credit or debit cards. "We're excited to be the first rental building in the United States to offer both V-Connect and Shop24," said Lynd.
Monthly rental prices are expected to start at $1,500 for studios, and up to $4,800 for each of two penthouses. The site, bordered by Wells Street on the west and Kinzie Street on the north, also provides for 27,000 square feet of Class-A retail and office space. Green concepts, modern technology and forward thinking will differentiate EnV from other rental buildings in Chicago," concluded Lynd.
Source: Business Wire