Construction Complete and Building 98% Leased at Vesta Lofts as Initial Move-Ins Conclude

Construction is complete at Vesta Lofts, located in Chicago’s South Loop, and according to FitzGerald client JK Equities, the development has been extremely successful in initial leasing, with occupants taking up residency in nearly all of the units—58 of 59, to be exact—as move-ins conclude.
Built in 1913 as the Vesta Accumulator Company Building at 125 E 21st Street in the historic Motor Row district of the South Loop, the building was purchased by JK Equities with the intention of converting the property into luxury loft apartments. FitzGerald developed a plan to divide the building into 59 high-end units with first floor retail spaces, a fitness facility, and a shared roof deck. FitzGerald also worked with MacRostie Historic Advisors to place the building on the National Register of Historic Places.