Utilities Deal Signed At Midtown Six; 200 Units Already Leased At Midtown Five

Construction is getting closer to beginning at Midtown Six.

Midtown Opportunities signed a utilities deal this month to allow for construction of the project. According to the agreement, it will include:

  • 447 apartments
  • 40,000 square feet of retail

Magellan Development Group of Chicago is the developer, after completing the 400-unit Midtown Five next door.

According to the SFBJ, Midtown Five passed 50 percent occupancy after opening earlier this year. Rental prices range between $2,150 to $2,610 for a one-bedroom, $2,665 to $3,639 for a two-bedroom and $4,539 to $5,313 for a three-bedroom unit.

 

the site last week: