Pre-leasing for a new 31-story luxury apartment tower called Gio Midtown is now underway.
A Temporary Certificate of Occupancy is expected in mid-February, with move-ins in mid-March.
Chicago’s Magellan Development Group is now looking for financing to begin building another tower next door, Midtown 7, Executive Vice President Brian Gordon told The Real Deal.
Midtown 7 has been submitted to city planners as a 31-story, 391-unit apartment project with 505 parking spaces.
Gio has 601 parking spaces.
Magellan jointly developed Gio with J.P. Morgan Asset Management.
Gio has been named after Italian designer Gio Ponti, and the design is said to be inspired by Italian modernism. The architect designed geometric, angled balconies as “an ode to the Italian modernist architecture.”
Gio is the most sophisticated and amenitized apartment tower in Midtown, the developer says.
At the ground level will be a passageway with retail, restaurants, and activations. A total of around 40,000 square feet of retail is at the base.
A total of 447 apartments are being built, with 90 different floorplans. Unit sizes range from 386 to 1,919 square feet. Apartment will have quartz countertops, kitchen islands, keyless entry, blackout shades, and sprawling terraces.
Amenities will include a 4,741-square-foot fitness club, a spa with massage rooms, a Himalayan salt room, sauna and steam rooms, a meditation garden , and a pool deck with grilling stations, cabanas, and a whirlpool. There will also be a Dog Lounge with wash stations and an outdoor lawn. For families, an outdoor playground and indoor play area is planned.
Chicago’s bKL is the architect, with interiors by Fanny Haim. Bozzuto is managing the property.