New Apartment Tower Reaches Its Highest Height
The developers of North Loop Green, the new mixed-use towers going up by Target Field, held a topping off ceremony today, with construction workers, city council member Michael Rainville and others signing the final beam before it was lifted to the top of the residential tower.
City council member Michael Rainville signs the final beam
From its base along the Cedar Lake trail, it rises nearly 420 feet. The project is on schedule, with new business tenants set to move in in late February 2024, while lower-level apartments should be ready for new residents in March.
“So much has happened construction-wise in the past 15 months,” said Bob Pfefferle, managing director at Hines, which is developing the project. “I’ve been at this for 30 years and it still amazes me how these buildings go up and everything’s in its place and done well. It’s a huge testament to the skill and craftsmanship of all the union workers who are working on this project.”
Short-term rental unit
The lower floors of the residential tower will be for short-term stays and will be managed by Sonder while the more traditional leases for higher level units will be managed by DRG.
So far, the monthly rates for the apartments haven’t been released.
“It’ll be obviously less for studios and alcoves, and more for the three-bedroom penthouses on the top of the building,” said Pfefferle.
The shorter of the two towers, for business tenants, is now 67% leased and Pfefferle says they’re busy talking with several other interested parties.
By Mike Binkley, North Loop volunteer
