Developer Riverside lands financing for 199-unit West Loop apartment tower

April 8, 2026 - 18:41

A significant new residential development is moving forward in Chicago's bustling West Loop neighborhood. The project, a 199-unit apartment tower planned for 566 West Van Buren Street, has now secured the necessary financing to break ground.

The 12-story building will bring a fresh wave of modern housing to the area, which continues to see high demand for rental apartments. The development promises to add to the neighborhood's vibrant mix of residential, commercial, and dining options, further cementing the West Loop's status as one of the city's most dynamic districts.

Details on specific unit layouts or amenities have not been fully disclosed, but projects of this scale in the location typically feature high-end finishes, communal spaces, and ground-floor retail. The construction is expected to contribute to the ongoing transformation of the Van Buren corridor, adding density and new residents to the community.

The successful financing arrangement demonstrates continued confidence in Chicago's downtown residential market from investors and developers. Construction activity is anticipated to begin imminently, with the tower slated to become a new landmark on the West Loop skyline upon its completion.