HUBBARD221 in Chicago’s River North reaches 65 percent leased milestone in 5 months

195-unit luxury rental tower offers studio, one-, two- and three-bedroom plans in walkable location near transit

Chicago-based Hubbard Street Group and co-developer Centrum Realty and Development have announced that HUBBARD221, a 195-unit luxury rental tower in Chicago’s River North neighborhood (right), is 65 percent leased just five months after opening. HUBBARD221 is adjacent to Hubbard Street Group’s new 412 North Wells office (left).
HUBBARD221, Hubbard Street Group’s luxury rental development in Chicago’s River North neighborhood, is 65 percent leased, drawing renters with top-of-the-line amenities such as its fitness center with city views.

Chicago-based Hubbard Street Group and co-developer Centrum Realty and Development today announced that HUBBARD221, a 195-unit luxury rental tower in Chicago’s River North neighborhood, is now 65 percent leased just five months after opening.

Located steps from the Merchandise Mart and popular shopping, dining and nightlife throughout River North, HUBBARD221 welcomed its first residents last November. The 23-story development offers apartments ranging in size from studios to three-bedroom penthouses, with rents starting at $1,800.

“While we knew the central location, upscale finishes and thoughtful design of HUBBARD221 would resonate with renters, the brisk pace of leasing, especially through the winter season, has exceeded even our highest expectations,” said Kage Brown, partner at Hubbard Street Group. “The full floor of amenities on the 21st level – with 12-foot, floor-to-ceiling windows that maximize city views – is a big differentiator. Residents also appreciate the planning and attention to detail that went into each unit, which is apparent in everything from the efficient layouts to the custom built-in closets that enhance functionality and livability.”

All apartments, including three models available for tour, showcase contemporary finishes such as gray-tone plank flooring; floor-to-ceiling windows; gourmet kitchens with two-tone Italian cabinetry, under-cabinet lighting, quartz countertops, porcelain backsplashes and stainless steel appliances; bathrooms with floating vanities and frameless glass showers; and custom closets. HUBBARD221 studios each feature a locally sourced and manufactured divider that separates the bedroom and living areas while also serving as a desk, bookshelf and storage space.

Shared outdoor amenities include a rooftop pool, hot tub, sun deck with cabanas, outdoor TVs and a fire pit – which will all debut in May. Indoor amenities include a state-of-the-art fitness center with club-level equipment such as Peloton bikes; a meditation lounge and yoga studio with Fitness On Demand; party room with chef’s kitchen; co-working hub; dog run; and pet spa.

Hubbard Street Group also gave careful consideration to how individual amenities could be designed to flow naturally into each other in a way that maximizes flexibility, added Brown. This was achieved by adding elements like a sliding door between the co-working space and the entertainment suite.

“As more apartments come online, HUBBARD221 distinguishes itself by catering to renters who want more than just a community that checks all the boxes,” Brown said. “Not all amenity spaces are created equal, and HUBBARD221 truly raises the bar, enabling residents to work, play and entertain without leaving home.”

About Hubbard Street Group

Founded in 2016 by real estate veteran John McLinden, Hubbard Street Group LLC (HSG) is a real estate investment and development company that creates modern, lifestyle-oriented residential, retail and office developments, with a focus on urban infill sites. The partners at HSG are industry leaders in neighborhood-level development, capitalizing on hyperlocal market opportunities and working alongside community stakeholders to realize the vision for each project. McLinden is joined at HSG by partners Graham Palmer and Kage Brown. HSG’s portfolio includes properties developed by Chicago-based Centrum Partners, which McLinden co-founded and led as managing partner before forming HSG.