Riverside Investment & Development starts construction on 199-unit West Loop apartment project

• Riverside Investment & Development begins site work for 199-unit Chicago project
• Project includes a 12-story building with parking and bike storage
• Full construction permits secured with delivery expected by 2027

What Riverside Investment & Development is building in Chicago

Riverside Investment & Development has kicked off construction activity at 566 West Van Buren Street in Chicago’s West Loop, marking the start of a new multifamily development in one of the city’s most active neighborhoods. Site preparation is now underway following the issuance of key permits, including approvals for caissons, a tower crane, and full building construction. Early work includes excavation and removal of the existing surface parking lot.

What the project includes and how it is positioned

The development will rise 12 stories and deliver 199 residential units, targeting renters in a high-demand urban submarket. The building will also include parking for 42 vehicles and nearly 200 bicycles, reflecting a design that balances car usage with growing demand for alternative transportation in dense city environments. The project is designed by Antunovich Associates, with a focus on modern apartment living and efficient unit layouts.

How construction progress signals momentum

With permits secured and contractors already mobilized on-site, the project has officially moved into the construction phase. General contractor Clark Construction is leading the build, with excavation crews already active. This early activity indicates a smooth transition from planning to execution, a key milestone for any development.

What this means for West Loop investors

The West Loop continues to attract multifamily development due to strong renter demand and its proximity to downtown Chicago. Projects like this reinforce the neighborhood’s position as a core residential hub, where new supply is consistently being added to meet demand from young professionals and urban renters. With completion expected by the end of 2027, the development adds to the pipeline of new inventory that will shape the next phase of the West Loop’s growth.