This section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article content
Chicago, Illinois, Sept. 09, 2026 (GLOBE NEWSWIRE) — Today, Fengate Asset Management (“Fengate”) and Mavrek Development (“Mavrek”) celebrated the groundbreaking of Julep West Loop, a new 25-story mixed-use residential development in Chicago’s West Loop neighborhood.
Sign In or Create an Account
or View more offersArticle content
The development will deliver 380 residential units, including 76 affordable units, alongside more than 21,500 square feet of commercial space, anchored by an international grocery store serving residents and the surrounding community. The property will include market-leading amenities including a rooftop pool with cabanas, outdoor fire pits, fitness center, pickleball court, half-court basketball court, dog run and grooming facilities, resident lounges, 24-hour concierge service, bike storage, and EV charging stations.
Article contentWe apologize, but this video has failed to load.Try refreshing your browser, or
tap here to see other videos from our team.Article content
Story continues below
This advertisement has not loaded yet, but your article continues below.
Article content
Located between Fulton Market, the Chicago Loop and the Illinois Medical District, Julep West Loop will offer residents convenient access to major employment centers, transit connections and established retail, dining and entertainment amenities. The development comes amid strong housing demand and limited new residential supply in the West Loop, a neighborhood that has seen significant growth and development in recent years.
Article contentArticle content
The event featured remarks from James P. Connolly, Business Manager for the Chicago Laborers District Council, Joseph Mancinelli, Chair of LPFCEC, LiUNA International Vice President and Regional Manager for Central and Eastern Canada, Michael Macellaio, President, Chicago & Cook County Building & Construction Trades Council, Illinois State Treasurer Michael Frerichs, Alderman Bill Conway, Ward 34, City of Chicago, Adam Friedberg, Chief Executive Officer, Mavrek Development, and Lou Serafini, President and CEO, Fengate Asset Management.
Article content
Julep West Loop is being advanced through Fengate’s Social Opportunities strategy, which focuses on investments in housing, healthcare and logistics assets across the United States and Canada and builds on Fengate’s longstanding relationships with the labor community and development partners. The investment in Julep West Loop is supported by an anchor commitment to the strategy from the LiUNA Pension Fund of Central and Eastern Canada (“LPFCEC”), further building on a long-standing partnership and a shared commitment to delivering high-quality housing and meaningful benefits for workers and their communities.
Article content
Story continues below
This advertisement has not loaded yet, but your article continues below.
Article content
“Breaking ground on Julep West Loop marks an important step in Fengate’s growth in the United States and builds on our commitment to delivering high-quality rental housing where it is needed most,” said Alexander Glassman, Managing Director, U.S. Investments, Real Estate, Fengate Asset Management. “With demand for housing in Chicago continuing to outpace supply, now is the time to advance well-located, mixed-use communities that connect residents to jobs, transit and amenities. Together with Mavrek, we are proud to help bring much-needed homes to the West Loop and create lasting value for residents, workers and the broader community.”
Article content
“Mavrek has spent years building relationships across national and international investment and development communities, and our partnership with Fengate and Affinius Capital on Julep West Loop is a product of that commitment,” said Anthony Hrusovsky, Partner and Chief Investment Officer of Mavrek Development. “As owner and developer, we’re responsible for creating a successful asset, not only for our investors but for the community as well. The West Loop has become one of Chicago’s most in-demand neighborhoods, and we’re honored to support the continued growth of the area by delivering much-needed housing anchored by one of the world’s most reputable grocers.”