Developers celebrate grand opening of Straits Row

Q Investment Partners (QIP) and co-developer Melrose Ascension Capital (MAC) recently joined neighbors and other project stakeholders to celebrate the grand opening of Straits Row, a new 18-story rental tower combining traditional apartments with co-living units in Chicago’s South Loop.

QIP sponsored the development and collaborated with MAC as its Chicago-based, local partner to co-develop, reposition and revamp the original plan for the site, previously acquired from PMG and The Collective. Straits Row is their first project together and QIP’s flagship residential development in the United States. 

“We’re proud to celebrate the grand opening of Straits Row alongside our collaborators, MAC and project partners. This is an important milestone that marks QIP’s continued expansion of our global residential living platform,” said James Coppack, head of development at QIP. 

Located at 633 S. LaSalle within the historic Printers Row neighborhood, the 132-unit hybrid building offers 358 private, fully furnished residential spaces within its traditional and co-living units. The building welcomed its first residents in February.

“Straits Row is well-situated for students, young professionals or anyone looking for affordable luxury options with a highly amenitized and elevated design living experience in one of Chicago’s best neighborhoods with historical character,” said Nick Melrose, founder and CEO of MAC. “The city center is home to more students than some of the Midwest’s largest college towns, including Champaign and Ann Arbor, and they, along with recent graduates and others wanting to live downtown, find the proximity Printer’s Row offers to schools, jobs and recreation very appealing.”

Straits Row provides a diverse range of rental options, from studios to four-bedroom layouts, including traditional and co-living arrangements. In co-living units, residents share a kitchen and living space while enjoying private bedrooms and bathrooms. All units are fully furnished, equipped with stainless steel appliances, ample cabinet storage, in-unit laundry, and keyless entry systems for both the unit and individual bedrooms in multi-bedroom layouts.

Straits Row offers residents access to 15,000 square feet of lifestyle-driven amenities and social spaces over two dedicated levels.  The ground level Printers Room serves as a fully functional exclusive coworking lounge, offering private study rooms along with lounge seating, an outdoor patio and a coffee bar with cold brew on tap. On the penthouse level, recreational amenities like a resident lounge, fitness and wellness center, and private dining area with a kitchen take advantage of 17th-floor views. On the same level, the resort-style pool deck and dining area offers a panoramic vista of the skyline. 

Throughout the building, the curated art program reminds residents they are in Printer’s Row with pieces that pay tribute to the area’s 19th-century history, including a newly unveiled mural by renowned Chicago artist Cody Hudson that brings the outdoor lounge to life. Additional conveniences include a 24/7 lobby attendant, secure package center and indoor bike storage with direct LaSalle Street access.