LOGAN SQUARE — The dual tower apartment project along Milwaukee Avenue in Logan Square is getting ready to start moving in renters next month.
The project, which has been in development for more than two years, is the tallest of its kind in the changing neighborhood.
A representative for the development team says the project is on schedule and leasing is "going well."
The development's two buildings, one 11 stories and one 15, are both nearing completion along Milwaukee Avenue near its intersection with California.
Move-in at the towers, which have been named MiCa, will start as a partial occupancy, meaning some residents will move into the lower floors while finishing work is being done on the upper levels, according to Jamie McNally, a member of the development team.
"We are on schedule," he said. "Everything is going well."
The development team has begun constructing what will become a public space between the two buildings with trees and some giant boulders.
"It ends up giving the plaza space some scale," McNally said of the boulders. "It's something people can kind of interact with a little bit. Eventually at the end of the day we want to create some energy between those two retail plazas.”
There will also be cafe seating for an eventual restaurant or cafe-type bushiness on the first floor of the tower.
McNally said there have been no official leases signed on retail spaces yet, but there is interest.
"To us it makes the most sense where it will probably be some kind of food use," he said.
While rental prices of the 216-units in the transit-oriented-development are not listed on MiCa's website, Curbed Chicago uncovered some listings via Craigslist.
According to the available listings, the highest priced three-bedroom units will rent for $3,350 per month. Two-bedrooms will rent in the range of $2,245 to $2,850, one bedrooms ranging from $1,745 to $2,095 and studios around $1,595.
The development exceeds what is required by city ordinance in the number of affordable units on-site.
Ten percent of the units are reserved for individuals or families making 60 percent or less of the average median income and an additional five percent of the units are reserved for families and individuals making 100 percent or less of the average area median income.
For a family of four, the 60 percent maximum income is $46,140 and for an individual it would be $32,340.
One hundred percent of the average median income for the area is $76,900 for a family of four and $53,900 for an individual.
Building amenities include a fitness center, a landscaped roof terrace with fire pits and in-unit washer and dryers.
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