Vesta Lofts hardly needs our help. Aaron Galvin of Luxury Living Chicago has the new South Loop rental conversion mostly leased two weeks ahead of move-ins (52 of 59 units as of Tuesday). But there's still value in following up our springtime construction visit with a pre-completion tour. The seductive building was quality construction from the start, built as a battery factory linked to the automotive industry. For its 100th birthday, the four-story brick block has been given new life as rental housing and registry as a National Historic Landmark.
Galvin met Curbed on site for a walk-through, contrasting unfinished common spaces with professionally staged model units. With a unit mix dominated by one-beds (42 of 59) renting for $1,400-$1,700 Vesta will appeal most to young single renters and childless couples, drawn from nearby buildings and across the city. Studio units are available for around $1,200 and two-beds start at
$1,700 $2,000. Tenants must purchase a utility package, which includes cable and internet. The one- and two-bed models had an average loft footprint, but above-average finishes including new windows, a ton of exposed brick, thick timber columns, and high-grade kitchens with moveable islands.
The main lobby, amenity, and retail spaces are still under heavy construction and the roof deck is coming along. Only about half of the roof's square footage was made useable, a size that Galvin says is in proportion to the potential number of users (some units have private balconies) and amenities being accommodated (lounge chairs & grills). Behind the building is a 62-space surface lot dedicated to Vesta's tenants. This space was almost the site of a substantial condo tower. The first 45 move-ins will commence September 1 with full occupancy by October 1.
·JK Equities Making Great Progress on 59-Unit Loft Conversion [Curbed Chicago]
·New Buzz for a Modest South Loop Warehouse Conversion [Curbed Chicago]
·What $1,500/Month Can Rent You Around Chicago [Curbed Chicago]
·Vesta Lofts [official]