Spirit Bascom Ventures purchases Edgewater/Andersonville building

Prewar building to be transformed into luxury units
  • Spirit Bascom Ventures recently acquired an eight-story prewar building in the gentrifying Edgewater/Andersonville neighborhood.
  • The building's 223 units will be turned into Class A luxury apartments.
  • The partnership venture seeks to expand its presence in Chicago.

Seeking to make a splash in Chicago’s high-end rental market, Spirit Bascom Ventures, LLC, a partnership between Irvine, California-based The Bascom Group, LLC, and Stamford, Connecticut-based Spirit Investment Partners, LLC, has acquired a prime piece of real estate in the fast-growing Edgewater/Andersonville neighborhood.