Marquette Companies has announced the completion and grand opening of The Lydian, a 22-story, 279-unit apartment building at 513 S. Damen Ave., in the Illinois Medical District, approximately 2 miles west of Chicago’s Loop.
Located west of Ogden Avenue and south of the Interstate 290/Eisenhower Expressway, The Lydian is the second building constructed in a three-phase development by Marquette Companies, representing a significant step in revitalizing the neighborhood. The firm completed the first phase in 2021, with the opening of the 18-story, 272-unit Atrio, an apartment renovation located adjacent to The Lydian. Plans for the third phase are not yet finalized.
“The completion of The Lydian is an exciting milestone for the Illinois Medical District,” said Nick Ryan, executive chairman of Marquette Companies. “This property not only provides much-needed housing options for the community but it also sets a new standard for luxury apartment living in the area. The Lydian’s modern design and extensive suite of high-end, on-site amenities truly sets it apart from any nearby communities. Life at The Lydian focuses on convenience, wellness and a worry-free living experience.”
Professionally managed by Marquette Management, The Lydian opened for occupancy in January and is currently in lease up, with approximately 42% of the residences leased and 15% occupied.
The Lydian offers studio, one-, two- and three-bedroom apartments with one to two baths, which feature modern and stylish finishes such wood plank flooring, stainless steel appliances, quartz countertops, kitchen islands and in-unit washer/dryer. Apartments measure from 446 to 1,234 square feet, and monthly rents start from the $1,900s.
“This property represents our dedication to developing high-quality rental experiences that cater to the changing needs of today’s urban dweller,” said Ann Reckelhoff, director of development for Marquette Companies. “We are thrilled to complete this beautiful community on time and within budget, providing residents with a unique and thoughtfully designed property in a great neighborhood that is growing rapidly.”
The Lydian’s design aesthetic offers a coastal vibe with light, natural wood textures and ocean-inspired colors. The property features a 24-hour doorman, fitness center, yoga studio, pet spa, sundeck, outdoor pool and rooftop lounge with stunning views of the city.
Built to Green Globe Initiative certification standards, a rating system that evaluates the environmental sustainability, health and wellness, and resilience of commercial buildings and portfolios, the property showcases Marquette Companies’ commitment to sustainable building practices.
The Lydian is in proximity to some of Chicago’s top medical facilities and employers, including RUSH Medical Center, John H. Stroger Hospital and University of Illinois College of Medicine, as well as numerous restaurants and coffee shops. Residents will have easy access to the CTA Blue Line “L” and Interstate 290. Directly across I-290 from the community is the United Center and Malcolm X College.
For more information about The Lydian, call (872) 216-3950 or visit https://www.thelydian.com/. The Lydian’s leasing office, located at 513 S. Damen Ave., in Chicago, is open daily.
About Marquette Companies:
Based in Naperville, Ill., Marquette Companies is a multifamily development company and investment leader with a 40-year track record of success in markets across the country. The firm’s vertically integrated approach, with in-house capabilities in acquisition, construction, asset, property and construction management, enables its team to control all aspects of investments and has positioned the firm as a leading player in the multifamily investment space. Marquette Cos.’ vision is to be the top choice for living, working and investing by delivering exceptional living spaces and unparalleled customer service. For more information, visit www.marquettecompanies.com.
