NL 1801 Grace Owner LLC Breaks Ground on 62-Unit Club Grace Apartments in North Center

• NL 1801 Grace Owner LLC is developing a 62-unit apartment project
• Five-story building rising at 1801 West Grace Street near CTA and Metra lines
• Project replaces an industrial site with new multifamily housing

What this project means for North Center development

Construction is underway at 1801 West Grace Street as NL 1801 Grace Owner LLC moves forward with Club Grace, a five-story residential building in North Center. The project replaces a former industrial structure, continuing a broader trend of adaptive land use and residential infill across Chicago neighborhoods. Its location between major rail lines highlights how developers are targeting transit-adjacent sites for new housing.

What the development brings to the market

Club Grace will deliver 62 rental units, adding mid-scale housing supply in a neighborhood where demand remains steady. The building is designed by Jonathan Splitt and features a masonry exterior currently under construction. The project is progressing through early vertical phases, with structural walls now rising. Unit mix details have not been fully released, but the scale suggests a standard multifamily rental asset aimed at local renters.

What the ownership structure signals

The development is being led by NL 1801 Grace Owner LLC, which took full control of the project after a prior joint ownership structure was simplified. This type of entity structure is common in real estate, where projects are often held under single-purpose LLCs to manage risk and financing. The involvement of general contractor Moments Notice Services further supports the project’s progression from permitting to active construction.

What this means for investors and landlords

Projects like Club Grace highlight continued infill development opportunities in established Chicago neighborhoods. For investors, smaller-scale developments near transit lines can offer stable rental demand and long-term appreciation potential. For landlords, new supply introduces competition but also signals ongoing neighborhood investment and growth, particularly in well-connected areas like North Center.