Wood Partners to Develop 33 Story Tower in Chicago

Chicago — Downtown’s high-rise boom is set to keep on rolling in the hot South Loop neighborhood as a new 33-story, 496-unit apartment tower dubbed Alta Roosevelt is expected to soon rise at the vacant lot at 801 S. Financial, located just south of Polk Street and west of the Metra rail tracks. The property’s previous owners included McCaffery Interests, the same group originally behind the construction of the mixed-use Roosevelt Collection development located just south of the planned rental tower.

Refreshingly, a portion of the development’s 348 parking spaces will be located below grade with the remaining spots slated for a relatively small three-story podium topped by a pool and amenity deck.