Take your rankings and…
Jim: US News and World Report today came out with its annual 125 best places to live in the USA list. Chicago came in at No. 87. We’re not mad. Nope, definitely not mad.
Congrats to better-ranking cities like Greensboro, Syracuse, Fort Wayne, Orlando…wait yeah this list needs to be burned to the ground.
Now, let’s kick a (proudly) Chicago Beat…
The Big One
A breakdown on the day’s biggest Inno story.
Jim: A new co-living building is coming to Chicago this summer in the city’s Fulton Market neighborhood. Katherine, these projects tend to be criticized as glorified dorms, or praised as the future of millennial living. Though the reality is probably somewhere in between. Tell us more about Chicago’s latest co-living project.
Katherine: Medici Living Group, a Berlin, Germany-based co-living provider, is opening the new Quarters building in May at 171 N. Aberdeen St.
The building will house 175 residents across 75 apartments that range from studios to five-bedroom units. Tenants will have private, furnished bedrooms but share communal kitchens and bathrooms. Additional amenities include outdoor grills, fireplaces and lounges, as well as skyline bar seating and cabana loungers. Rents begin at $1,200 per month and average at about $1,600 per month. Quarters will begin taking tenant applications by the end of this week, a company spokesperson said.
Medici offers leases for as little as three months, and they only require a 30-day notice from those looking to move out, providing tenants with more flexibility than they would renting from a more traditional apartment management company. Like other co-living companies, once tenants are accepted into Medici’s community, they can easily transfer to other Quarters locations if there is availability.
The apartments will be equipped with smart home technology that will allow them to unlock keyless doors, and control lights, heaters and blinds all from a mobile app. Wireless internet, utilities and Netflix are also included in the rent.
The co-living trend has become increasingly popular among city dwellers across the country as rents have continued to rise. Chicago’s other co-living properties include Common, a New-York based startup that has properties in East Lakeview and West Town, L, a 120-unit building in Logan Square, and 30 East, a 134-unit property in the South Loop.
Read More and check out the project’s renderings: Take A Look Inside the New Co-Living Space Coming to Fulton Market
Inside the people, companies and organizations making moves in Chicago.
Jim: Protestors took to City Hall today to put heat on Mayor Rahm Emanuel over Chicago’s bid to land Amazon’s HQ2, according to the Tribune. Protestors argued that HQ2 would hurt the city’s working-class residents, and the competition to land Amazon was pitting cities against one another. There was even a protester dressed as a giant Amazon Echo device. More here.
Katherine: Los Angeles-based Surkus, a startup that delivers hyper-targeted and engaged audiences for events, acquired Chicago-based Craze Promotions, which facilitates last-minute distributions of unclaimed tickets for live events. Terms of the deal were not disclosed. More here.