Co-living has begun spreading across many U.S cities, and Chicago is getting its share. Co-living provider The Collective plans a 170K SF purpose-built co-living project at 633 South LaSalle St. in the Printer’s Row neighborhood south of the Loop.
Co-living residents typically share common areas such as kitchens with other tenants, but pay for a separate bedroom. That allows big savings in monthly rental costs, an important consideration in markets like Chicago, which have vibrant office markets that attract thousands of new residents who quickly need housing.
The Collective’s Chicago announcement comes just about a month before the company opens the 705-room…