CA Ventures’ residential project Eleven40 has opened for business, one year and a half after it broke ground in January 2017. The 26-story tower is located at 1140 S. Wabash Ave. in Chicago’s South Loop and is the product of a joint venture of CA Residential, the multifamily investment and development arm of CA Ventures, K Gilles and equity partner Diamond Realty Investments Inc. The community, which is already 85 percent leased, adds 320 units to the area.
PNC Real Estate and TCF Commercial Bank secured the construction financing and SCB designed the building, while BKV Group worked on the interior design. The owners selected The Habitat Co. to provide property management services.
The property consists of a mix of studio, one- and two-bedroom units, ranging from 389 to 1,027 square feet, while rents start at $1,500. Each unit features:
- floor-to-ceiling windows
- views of the city and Lake Michigan
- polished quartz countertops
- European-style cabinetry
- stainless steel appliances
- Grohe plumbing fixtures
- private balconies in select units
On the rooftop, residents have access to Aqua Lounge, which offers a pool, hot tub, landscaped terrace, fire pits, grilling stations and a bar area. Other amenities include a fitness center, co-working lounge with private desks and common areas, media and gaming rooms, music jam room, pet grooming station and outdoor dog run, all of which span 22,000 square feet.
“Whether they’re socializing over a round of pool or skeeball in the game room, performing live music in the jam room, or getting down to business in the coworking lounge, residents will enjoy rare amenities that reflect and enhance the energetic lifestyle embraced by South Loop residents,” Keith Giles, principal of K Giles, said in a prepared statement.
The location provides convenient access to a range of shopping, dining and cultural venues in the South Loop, such as Grant Park, the Museum Campus and the Lakefront Trail. The nearest transportation stop is the Roosevelt CTA station, which serves the Red, Green and Orange lines.
Images courtesy of CA Ventures