As construction crews put the finishing touches on the exterior of Cascade, the team behind the upcoming Lakeshore East apartment tower has released a fresh batch of renderings to lure potential tenants.
The building features 503 apartments spanning 509 to 1,332 square feet. Rents start at $1,650 per month for a studio, $2,050 for a one-bedroom, $3,300 for a two-bedroom, and $5,750 per month for a three-bedroom unit.
Residents at Cascade will have access to 45,000 square feet of indoor and outdoor amenity space including a lake-facing fitness center, an outdoor pool, an indoor pool, a screening room, a golf simulator, a game room, a children’s playroom, and a dedicated "jam room" with communal musical instruments.
A terrace of the tower's 32nd floor features views of Navy Pier and Lake Michigan plus a TV lounge with a chef's kitchen and a study corner with private work pods.
Closer to the ground, residents can access an indoor garden dubbed "the conservatory." The 900-square-foot space includes seating overlooking Cascade Park: a sloping landscaped publicly accessible pedestrian connection that will bridge Harbor Drive, Lower Lake Shore Drive, and the Lakefront Trail.
The new park is on track to also open this summer alongside the apartment building. Cascade's sibling tower, an adjacent 47-story, 350-unit condominium building known as Cirrus, will open a little later and welcome residents this fall.
The projects' developers are offering a program that allows residents to sign a contract for a condo at Cirrus and rent next door at Cascade as they wait for their residence to be completed. Half of the rent paid (up to 2.5 percent of the purchase price) can be recouped as a credit at closing.
"The program has been very well-received by the market, as it gives renters the opportunity to build equity in their future home and, when they are ready, seamlessly transition to ownership without uprooting their lives," said Lendlease's Ted Weldon in a news release.
Lendlease is currently offering a similar rent-to-own arrangement in its multi-building Southbank development along the south branch of the Chicago River.