A caisson permit has been issued for The Saint Grand, a new mixed-use development at 218 E. Grand. Developed by a joint venture made up of Mavrek Development, GW Properties, Luxury Living Chicago Realty, and Double Eagle Development, the project is replacing a former multi-level parking garage at the corner of E. Grand Ave and N. St. Clair St.
Designed by NORR, the 21-story tower is set to bring 248 luxury apartments, 40,000 square feet of office space, and 8,000 square feet of ground floor retail space to the Streeterville neighborhood. Tenants will be provided with 106 car parking spaces and 102 bicycle parking spaces, according to the issued permit.
The development has an emphasis on in-unit workspaces and private outdoor space in response to post-pandemic market preferences. The mix of floor plans will include 124 studios, 17 one-beds, 45 one-bed plus den layouts, 60 two-beds, and 2 two-bed plus den configurations. Amenities for new residents will include a package receiving service, a coworking lounge, a fitness center, and an outdoor pool and deck.
At the base of the building, two floors will offer new Class-A office space with a flagship opportunity at 535 N. St Clair. The office space will include private outdoor space, modern ventilation systems and other intentional post-pandemic health safety elements. Office tenants will be able to enjoy the apartment amenities as an added benefit.
The developers announced the kickoff of the development back in September after having closed on $102.2 million construction financing with MSD Partners, L.P. for the project. With demolition already underway and the caisson permit issued, general contractor Lendlease is expected to begin work on the new construction before the end of the year. Office space will be ready for build outs to begin by Q3 2023, with apartment units delivering in early 2024.