The Saint Grand, a co-development and joint venture between Mavrek, Double Eagle Development, Luxury Living, and GW Properties, announces seventy-five percent of its 248 Class A luxury apartments have been leased.
“Since welcoming initial residents in early April, we are thrilled to achieve the 75% leased milestone and look forward to stabilizing The Saint Grand in the coming months,” said Aaron Galvin, Founder of Luxury Living. “Residents are drawn to the floorplans, amenity offerings, and location, and we’re achieving rents higher than originally projected.”
The Saint Grand’s apartments feature a mix of floorplans ranging from studios to 2 Bedrooms + Dens, emphasizing in-unit workspaces and private outdoor space to accommodate post-pandemic renter preferences. A suite of community amenities includes a state-of-the-art fitness center, co-working spaces with ten private study/work rooms, upscale lounges, and a rooftop pool deck.
The Saint Grand’s street-level retail will feature a state-of-the-art Starbucks on the corner of Grand and Saint Clair. Additional retailers will be announced in the coming months.
The Offices at The Saint Grand encompass 45,000 square feet of flagship Class A office space located at 535 N. St Clair. The two full floors of office space also include private outdoor space, modern ventilation systems, and other intentional post-pandemic health safety elements.
“Since finishing construction, interest in The Offices at The Saint Grand has been strong,” commented Anthony Hrusovsky, Chief Investment Officer at Mavrek. “With Starbucks on the ground floor and the apartments nearly full, we have seen a wide variety of office users. We are confident this offering will be leased soon.”
Double Eagle President Andrew Juiris added, “Our recent grand opening celebrated nearly two years of work and dedication from thousands of people from the development to construction teams.”
Along with the development team, The Saint Grand is the result of collaboration among industry leaders NORR (architecture), Lendlease (construction), Harken Interiors (interior design), and Cushman and Wakefield, who is overseeing residential and commercial property management.
Mavrek, founded in 2010, has quickly grown into one of Chicago’s most active developers. The company got its start building luxury single-family homes and has since scaled their business by focusing on high-quality urban infill multi-family and mixed-use projects. With their dedication to Chicago and collaborative approach in executing complex projects, Mavrek represents the next generation of Chicago developers.
Founded in 2007, Luxury Living is a vertically integrated, Chicago-based residential real estate company offering boutique brokerage services balanced with best-in-class multifamily consulting, marketing, leasing, and development. The real estate firm aligns renter insights, performance marketing, and development goals to deliver unbeatable results. Rooted in premier customer service with a seamless showing and leasing process, Luxury Living has leased and renewed more than 27,000 luxury apartments, $200M in for-sale condos and homes, and generated $10 billion in value for multifamily developers and owners. Luxury Living is a repeat Inc 5000 fastest-growing company in America, making the list six times
Double Eagle Development was founded in 2022 to carry forward the 42-year legacy of Balke Brown Transwestern as a leading developer in the Midwest. The Double Eagle platform was formed to build upon BBT’s strong track record and expand into additional Midwest markets. Since 1979, the team has developed over 7.6M square feet valued at $980 million.
Through deep rooted and diverse relationships in the commercial real estate industry, GW Properties has developed an expertise in retail and mixed-use properties. Over the past decade, GW principals have been involved in the brokerage, investment, and development of over $500 million of real estate in the Chicagoland area with a typical deal size ranging from $500,000 to $5 million. GW practices respectful development through its collaborative approach of uncovering opportunities, optimizing value, and enhancing communities. This process has yielded a track record of proven results.
