After more than four years in the making, the collection of seven Italianate style residences known as the Chestnut Row Homes is ready to welcome its first tenants to the southwest corner of Clark and Chestnut Streets.
Developed by Col. Jennifer Pritzker’s Tawani Enterprises—a specialist in rehabilitating historic properties—and designed by Chicago-based architect Booth Hansen, the four-level, four-bedroom homes were constructed with a degree of old-world craftsmanship rarely seen in new developments.
The traditional, limestone-clad facade is modeled closely on a nearby cluster of 19th century homes, also rehabbed by Tawani in 2015. “To get the look of the historic row homes across the street, we ended up sourcing the distinctive cream color stone from a quarry in Texas,” explained Tawani’s Nicole Kleidon. All told, 1,400 pieces of stone went into the project’s handcrafted exterior.
Inside, the new homes are equally as high-end, featuring a menu of bells and whistles too extensive to list here. Traditional touches like crown moldings, walnut flooring, and ornate fireplaces meet modern amenities like hardwired surround sound speakers, powered roller shades, smart home interfaces, and individual elevators. At the rear of the L-shaped development, an outdoor courtyard holds a communal deck above each unit’s two-car garage.
Although monthly rents for slightly smaller units start at $13,500, the majority of the 4,700-square-foot Chestnut Row Homes go for $15,000 per month with a minimum lease of 24 months. The rents here may seem high, but reflect the high-end amenities and features the tenants will enjoy, says its developer.
“The market calls for luxury rentals,” said Tawani’s Kim Carr. “There is a demographic that isn’t looking for the commitment of a single-family home, but still wants the convenience. [By renting] you don’t have to deal with things like a mortgage or taxes or lawn care.”
Representatives from Tawani declined to comment on the number of tenants signed at this point, but are still “actively leasing” ahead of the project’s anticipated January 1 move-in date. “You don’t see homes being built like this anymore,” added Carr. “Everyone is building high-rises with lovely penthouses, but this is our unique tribute to old-world Chicago.”
- Three residential projects underway on Clark Street block [Curbed Chicago]
- Col. Jennifer Pritzker planning Near North Side row homes [Curbed Chicago]
- Chestnut Row Homes [website]