Tandem Completes Chicago High-Rise

Sage West Loop is a mixed-use, 18-story building that encompasses 196 units. Image by Mike Schwartz, courtesy of KTGY

Tandem Partners has completed a luxury mixed-use high-rise building in Chicago, in collaboration with KTGY and Antunovich Associates, which designed the asset. Sage West Loop comprises 196 units, as well as 1,806 square feet of retail space. The developer secured a $58.5 million HUD construction loan in April 2022, provided by Lument, according to Yardi Matrix data.

Located at 1044 W. Van Buren St., the Class A community encompasses 196 units with studio, one- and two-bedroom floorplans, ranging between 439 and 1,073 square feet. Each apartment is equipped with washers and dryers and digital locks.

Common-area amenities include a fitness center, media room, outdoor sky terrace with grills and firepits, coworking space with private rooms, as well as EV parking and charging stations.

The 0.4-acre property is near a Target and close to several dining options within a 1-mile radius. Additionally, Roosevelt University, University of Illinois Chicago and Illinois Institute of Technology are within a 2-mile distance. Other nearby destinations include a tennis club, various parks and Chicago Children’s Theater.

KTGY focuses on new-generation demands

KTGY’s recent projects cater to the demands of the new generation and are oriented toward environments that prioritize health and wellness. Sage West Loop was designed to blend contemporary aesthetics with traditional Chicago architecture.

The architecture company designed another, 393-unit luxury community in Cosa Mesa, Calif. Halcyon House opened earlier this year, and was financed with a $125.8 million construction loan originated by Bank of America.