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Main Campus Master Plan: Michigan Place

Michigan Place Condominiums and Town Homes

For the first time in its more than 100-year history, IIT has initiated a process to create a residential community for faculty and staff adjacent to its Main Campus. This proposal represents one of the main strategies of the 1996 master plan to develop a true sense of a university community around and on the campus, thereby facilitating increased informal exchanges among students and faculty, enlivening the campus environment, and increasing the links to the surrounding community.

In 1998, the team of Shorebank Development Corporation and Optima, Inc. wasengaged by the university to develop new residential housing on IIT-owned lots on a block adjacent to and just east of the campus - Michigan to Indiana, and 31st to 32nd Streets. 

Shorebank was selected through a year-long process for its long history of successful residential developments in the city. Optima was selected through a joint review process by Shorebank and IIT based on its many successful townhome developments in the northern suburbs and the strong links of its principals to IIT'S and its College of Architecture.

 

Project Summary  

 

Optima, Inc. developed preliminary site plans and designs for the Michigan Place town homes and condominiums in October 1998. These plans were reviewed and approved by IIT's Mies Campus Committee, the Gap Community Organization, the Mid-South Planning and Development Commission and the Near South Planning Board in meetings in October and November 1998. The city approved the planned development application in April 1999. The model/sales office is located at 3157 S. Michigan Avenue.

The proposed development plan consists of 120 residences, a combination of 40-50 townhomes and 50-70 condominiums, depending on market response. Beginning in May 1999 the residences were marketed to IIT faculty and staff, along with the general public. 

As of Today

Construction of Michigan Place's townhouses and condos near completion. 1, 2 and 3 bedroom condos are available; 2, 3 and 4 bedroom townhomes.
Seven-story condo building complete, and four-story condo near completion. All townhomes under roof.
Seven-story condo building at 80% occupancy. Four story condo building at 20% occupancy.
The complex's club house is complete.
Condo and townhouse models open
Pre-sales continue at Optima's sales office, 102 E. 32nd Street, 312.326.3700
   


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