College students don’t need parking lots. College students do need beds. That might be a little oversimplified, but that’s how I prefer to look at 410 South Wabash in the South Loop.
A foundation permit issued by the City of Chicago beck in December launched the beginning of 410 South Wabash. Developed by Lennar Multifamily, or LMC, this new residential building in the South Loop promises to deliver 344 dwelling units in a 25-story, 260-foot-tall tower.
The site sits at the foot of the T intersection of the CTA’s elevated train lines at Wabash Avenue and Van Buren Street, offering future residents unlimited opportunities to take cool Instagram shots of the L coming and going into and out of The Loop. Orange, Pink, Green, Brown, and Purple Line trains all pass through here, and when the Christmas Train passes by at night, lucky tower dwellers will be directly above the action.
4th Ward Alderman Sophia King held a community meeting in May, from which there comes a veritable cavalcade of information on 410 South Wabash. Floor plans show a mix of 1-bed, 2-bed, and 3-bed units, plus studios, convertibles, and micro-apartments. Though no indication is given that this tower is targeting the South Loop student population, those smaller units sure seem to be good options for the college kids.
410 South Wabash will also include 103 parking spaces, which goes against my thoughts on students needing to park, but definitely fits in with 3-bedroom homes. There will also be about 8,000 square feet of commercial space.
That little yellow dynamo pictured above may or may not start tearing up the parking lot at any minute. As always, sooner is better than later.