Straits Row Apartments begins leasing at 633 S. LaSalle

Q Investment Partners (QIP) and Melrose Ascension Capital have announced the beginning of leasing at Straits Row, a new 18-story rental tower combining traditional apartments with co-living units in the South Loop.

Located at 633 S. LaSalle within the South Loop’s Printers Row neighborhood, the 132-unit hybrid building will offer 358 private, fully furnished residential spaces within its traditional and co-living units. According to the development team, rents at Straights Row are expected to average 20% less than competing Class A rental towers. The building’s first move-ins are scheduled to begin in early February.

“Straits Row will set a new standard in attainable urban living with exceptional design and amenities that address the growing demand among those who want to live in this highly desirable quiet pocket near the Loop, where they can walk to work, multiple colleges and Grant Park,” said Peter Young, chief executive officer of QIP. “We are filling a gap in housing by offering a Class A living experience at a greater value, and we believe this will appeal to a wide range of prospective residents, including those who are studying at the city’s world-class educational institutions, as well as those who have come to Chicago to launch their careers.”

“The vision of Straits Row was to create a vibrant community that meets the needs of Chicago’s diverse workforce and student populations by offering modern, furnished and amenity-rich apartments in a prime downtown location with historical character, offering high quality with exceptional value for Chicagoans who are often priced out of other luxury developments,” said Nick Melrose, founder and chief executive officer of Melrose Ascension Capital.

Straits Row offers a wide selection of rental layouts, ranging from studios to four-bedroom floor plans. Both traditional full units as well as co-living units, where residents share a unit’s kitchen and living area but have their own private bedroom and bathroom, are available. All residences come fully furnished and include stainless steel appliances, generous cabinet storage, in-unit laundry and keyless entry to both the unit and for individual bedrooms in units with two or more bedrooms. Straits Row is offering discounted initial lease terms for early move-ins.

Residents at Straits Row can enjoy 15,000 square feet of expansive amenity space including a lobby-level “Printers Room” coworking space that nods to the history of Printers Row and features three private study rooms, a printer center, coffee station with cold brew on tap, lounge seating and adjacent outdoor patio. 

The tower’s 17th-floor amenity level features a resident lounge with a gas fireplace, a fitness and wellness center, multiple club rooms and a private dining room with a kitchen. Outside, residents have access to a panoramic pool deck offering skyline and lake views, grilling stations and outdoor dining areas. Other building benefits include a 24/7 lobby attendant and security, a secure package center and an indoor bike storage room with direct access to LaSalle Street.

For more information or to apply for a residence in Straits Row, please visit www.straitsrow.com.