After three years of construction, the luxury apartment development at the site of former Megamall in Logan Square has begun leasing efforts as it prepares to welcome its first renters this spring. Known as Logan Apartments (previously known as Logan’s Crossing), the massive project will bring 220 rental units and new retail space to the 2500 block of North Milwaukee Avenue.
Prospective residents in the new building can expect their rents to start at $1,895 for a studio, $2,395 for a one-bedroom, and $3,495 for a two-bedroom, according to Block Club Chicago. The latest numbers aren’t too different from the figures quoted by the developers last year: $1,975 for a studio, $2,495 for a one-bedroom, and $3,295 for a two-bedroom.
In discussion since at least 2015, the seven-story development replaces the demolished Megamall market. The new Antunovich-designed building features a fitness center, coworking area, a conference room, and 110 parking spaces. On the ground level, a small format Target store is joined by other retail tenants like Jeni’s Ice Cream, Big Wig Tacos, and Jersey Mike’s Subs.
Developer Fifield Companies and partner Terraco Real Estate expect the apartments to open in March, according to the Block Club report. More info and images can be found on the project’s official website.
The Logan Apartments is the latest Logan Square development to charge rents rivaling that of downtown areas like River North or West Loop. For comparison, the median rent for a studio apartment in Logan Square was between roughly $1,100 to $1,230 in 2019, according to data from Zillow.