Under Construction

566 West Van Buren

Chicago · Residences

566 West Van Buren is a 12-story, 199-unit luxury apartment development in Chicago's West Loop Gate neighborhood, steps from Union Station, the Old Post Office, and the Chicago River.

Last verified Jul 27, 2026
17 months to delivery
43%
AnnouncedBreaking GroundConstructionOpening SoonNow Open
Est 2027
Completion
199
Units
12
Floors
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The story so far
Announced 2026 est.
Financing secured Apr 9, 2026HUD 221(d)(4) construction loan, $64M, originated by Draper and Kramer; converts to 40-year permanent at stabilization. Investment capital from Richmond Capital.
therealdeal.com
Broke ground Jun 2, 2026Ceremonial groundbreaking June 2 2026 per Urbanize Chicago
chicago.urbanize.city
Going vertical Mid 2026Caissons complete and tower crane erected; crews shifted to vertical concrete construction, mid-2026 (Chicago YIMBY)
chicagoyimby.com
Expected opening 2027 est.
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
About the project

566 West Van Buren is a 12-story, 199-unit luxury apartment development in Chicago's West Loop Gate neighborhood, steps from Union Station, the Old Post Office, and the Chicago River. Developed by Riverside Investment & Development in partnership with Blue Star Properties, Atlantic Residential, and Metropolis Investment Holdings, the residential mid-rise is designed by Antunovich Associates with Clark Construction as general contractor. The unit mix spans studios, one-bedroom, and two-bedroom apartments above an enclosed ground-floor parking garage, topped by a rooftop amenity deck with a pool, grilling and lounge areas, and a club room. Additional amenities include a fitness center, coworking space, private club room, and secure bike room, positioning the building as a transit-oriented rental in one of Chicago's most active West Loop submarkets. Financing includes a HUD 221(d)(4) construction loan originated by Draper and Kramer.

The Chicago market 43 · Elevated supplyWest Loop 9-project pipeline · 15,307 residences and keys · peak Late ’27 Explore the market →
Common questions

Frequently asked

Where is 566 West Van Buren located?

566 West Van Buren is located in Chicago.

When will 566 West Van Buren be completed?

566 West Van Buren is under construction, with completion expected in 2027 (a TMW estimate).

Who is developing 566 West Van Buren?

Riverside Investment & Development is the developer behind 566 West Van Buren.

Who designed 566 West Van Buren?

566 West Van Buren was designed by Antunovich Associates.

How big is 566 West Van Buren?

566 West Van Buren rises 12 stories with 199 residences.