431-bed Post Chicago joins The Seng and The Foundry in creating new community around Wendelin Park
Chicago-based Structured Development today announced the opening of a model unit at Post Chicago, a 10-story, 431-bed co-living community – the first of its kind in Chicago’s Lincoln Park neighborhood and the city’s largest co-living development. Located at 853 W. Blackhawk St., the property will be operated by tech-driven co-living and residential property operator Tripalink, which provides quality and modernized housing solutions across the United States.
Designed for students, corporate transferees and others in search of flexible, turnkey housing, Post Chicago offers 107 residential units whose bedrooms – between two and four per unit – are fully furnished and individually leased, with rents starting at $1,375 per month. Co-living residents share access to a furnished living room, kitchen and in-unit washer/dryer, as well as a bathroom for those who don’t have their own ensuite bath.
“Co-living at Post Chicago is a fun, affordable way to reside in one of the city’s most walkable neighborhoods while making new friends and experiencing all there is to do in this area,” said Jeff Berta, senior director of real estate development at Structured Development, the firm behind the three-building residential project that includes Post Chicago. “For many households, rent is their biggest monthly expense, so Post Chicago is another way we are promoting equitable housing in a location that might otherwise be unattainable.”
“As the largest city in the Midwest and a top destination for students and new graduates from prominent universities, including those in the Big Ten, Chicago has been a target new market for Tripalink,” said Tony Gallo, vice president, operations, at Tripalink. “Entering Chicago is a strategic move in our expansion plans, and we are excited to introduce our new technology solutions to the Chicago rental market, which will improve the overall renter experience from their very first search. Tripalink is honored to work with the team at Structured Development on its latest inspiring project, Post Chicago. We look forward to providing high-quality housing, remarkable and industry-leading response time, and unparalleled services to the residents of the premier co-living project in the city.”
Tripalink, which currently operates over 8,000 beds nationally, will manage and lease the property, with an on-site resident services coordinator who will help organize group activities. Cable and high-speed internet are included in monthly rents, and residents also benefit from weekly cleaning service, a community app and full suite of building amenities, including a fitness center, lounge areas for working and socializing, a rooftop deck with grilling stations, bike room with repair station and package room. There will be 43 paid parking spaces available for resident use.
In addition to the co-living units, Post Chicago will offer 19 conventional unfurnished apartments in studio and two-bedroom layouts, with monthly rents starting at $1,799. Those residents will also have full access to building amenities and programming.
Post Chicago is the second of three residential buildings totaling 487 units to be completed in a mixed-use, mixed-income development, Wendelin Park, bounded by Blackhawk, Dayton and Kingsbury streets on Chicago’s Near North Side. The others include The Seng, a recently opened, 34-unit all-affordable condo development – the first of its kind in Chicago – and The Foundry, a 27-story, 327-unit market-rate rental tower scheduled to open in early 2024. All three residential buildings are centered around the new 26,000-square-foot Wendelin Park, which is being privately developed by Structured as a public amenity with a nature play area, dog run, community garden and gathering areas.
Located next to Chicago’s second-largest retail district, the Clybourn Corridor, Post Chicago is within walking distance of the NEWCITY shopping center, also developed by Structured, and near Whole Foods, Apple, Crate & Barrel, The Container Store, Target and other national brands. Nearby entertainment options include the AMC NEWCITY 14 movie theater, Steppenwolf Theatre and Second City, as well as numerous restaurants. Wendelin Park is adjacent to the new Wild Mile, Chicago’s first floating eco-park, and other recreational offerings, including Lincoln Park Movement, the 43,000-square-foot climbing gym also built by Structured; iFLY Skydiving; DICK’s Sporting Goods; and REI Lincoln Park, which backs up to the river so customers can test out kayaks and canoes.
Residents are also steps from the North/Clybourn Red Line station, just a 15-minute commute to downtown. The location is also served by several bus routes and offers quick access to the Kennedy Expressway and Lake Shore Drive. For more information or to tour the model, visit www.postchicago.com.
About Structured Development:
Structured Development is a Chicago-based real estate development company formed in January 2002 to pursue unique real estate development opportunities. The company thrives on engaging in complex real estate transactions encompassing a range of property types, including retail, residential, mixed-use and industrial. Whether working with partners or independently, Structured Development strives to unlock and enhance the unseen value of real estate, simultaneously enriching urban and suburban landscapes through sustainable and innovative development practices. For more information, visit www.strdev.com.
About Tripalink:
Tripalink was founded in 2016 as a technology-driven residential brand specializing in co-living and standard apartment rentals tailored for students and working professionals. The company aims to provide high-quality, convenient, comfortable, and modernized housing options in urban areas. In addition to standard apartments, Tripalink creates shared living spaces that are designed to foster social interaction and community building, with an emphasis on privacy, safety, and convenience. Our co-living units are equipped with a range of amenities, such as furnished rooms, common areas, kitchens, and laundry facilities. Overall, with a focus on modern design, technology, and sustainability, Tripalink is redefining the concept of co-living and reshaping the way people live in cities. There are currently 8,000 bedrooms under management, 60% of which are co-living units and 40% of which are standard. For more information, please visit us at www.tripalink.com.
