CHICAGO, IL - The Saint Grand, a co-development and joint venture between Mavrek, Double Eagle Development, Luxury Living, and GW Properties, announces seventy-five percent of its 248 Class A luxury apartments have been leased. The mixed-use development also includes 45,000 square feet of offices at 535 N. St Clair, and 8,000 square feet of street-level retail at the corner of Grand Avenue and N. St. Clair. The development team also celebrated the building’s grand opening in late July.
“Since welcoming initial residents in early April, we are thrilled to achieve the 75% leased milestone and look forward to stabilizing The Saint Grand in the coming months,” said Aaron Galvin, Founder of Luxury Living. “Residents are drawn to the floorplans, amenity offerings, and location, and we’re achieving rents higher than originally projected.”
The Saint Grand’s apartments feature a mix of floorplans ranging from studios to 2 Bedrooms + Dens, emphasizing in-unit workspaces and private outdoor space to accommodate post-pandemic renter preferences. A suite of community amenities includes a state-of-the-art fitness center, co-working spaces with ten private study/work rooms, upscale lounges, and a rooftop pool deck.
The Saint Grand's street-level retail will feature a state-of-the-art Starbucks on the corner of Grand and Saint Clair. Additional retailers will be announced in the coming months.
The Offices at The Saint Grand encompass 45,000 square feet of flagship Class A office space located at 535 N. St Clair. The two full floors of office space also include private outdoor space, modern ventilation systems, and other intentional post-pandemic health safety elements.
“Since finishing construction, interest in The Offices at The Saint Grand has been strong," commented Anthony Hrusovsky, Chief Investment Officer at Mavrek. “With Starbucks on the ground floor and the apartments nearly full, we have seen a wide variety of office users. We are confident this offering will be leased soon.”
Double Eagle President Andrew Juiris added, “Our recent grand opening celebrated nearly two years of work and dedication from thousands of people from the development to construction teams.”
Along with the development team, The Saint Grand is the result of collaboration among industry leaders NORR (architecture), Lendlease (construction), Harken Interiors (interior design), and Cushman and Wakefield, who is overseeing residential and commercial property management.