A luxury apartment building in Lincoln Park broke ground on Wednesday, making it one of the only ground-up development projects in the neighborhood during an unstable time for new development. Moyer Properties plans to build a seven-story apartment building at 537 W. Drummond Place.
When complete, the property will replace a longtime parking lot that was being rented by the U.S. Postal Service.
The apartment building will include 84 units, with a mix of studios, one-bedroom and two-bedroom apartments. Two of the units will be affordable while the rest will have market rate rents. The building will be complete in spring 2026.
“We’re really, really excited about this site,” Greg Moyer, founder of Moyer Properties, said. “We’ve been working with the team ..
. for the last 18 months.” Amenities will include a dog washing station, co-working lounge, fitness center and roof deck, which will have views of the lake and city, Moyer said.
The location also offers its own benefts, Moyer said, pointing out a Target across the street as well as restaurants and bus lines. The mid-rise building is an extension of The Covent Hotel’s redevelopment next door. Real estate nonprofit The NHP Foundation completed rehabilitation of the building, at 2653 N.
Clark St., last fall. Its transformation of the former single-room occupancy hotel created 30 affordable studio apartments with private bathrooms and kitchens.
The hotel opened in 1915, next door to a now-demolished theater that seat.
