One of the South Loop's newer high rises is quietly looking for a new owner. The apartment tower branded as One333 has been listed for sale, making it the latest big rental building to hit the market in Chicago this season. The 28-story property at 1333 S. Wabash Ave. includes 305 apartments and has been in the same hands for nearly a decade. The owner has tapped a national brokerage to run a formal sale process that, according to industry sources, is being pitched squarely at institutional buyers.
Listing surfaced in industry coverage
Reporting from CoStar confirms that the owner has hired CBRE to market the tower, with a listing team that includes Justin Puppi, Jason Zyck and John Jaeger. CoStar noted in its July 22, 2026 coverage that the decision to sell comes as downtown rent growth has picked up, a shift that has more landlords dipping a toe back into the transaction pool to see what pricing looks like.
About One333
According to The Habitat Company, ONE333 features a mix of one to three bedroom apartments, penthouses and a slate of resident amenities near Roosevelt Road and Grant Park. Project and contractor filings describe the property as a roughly 305 unit, 28 story tower with multiple levels of parking, as detailed by The Blue Book.
Why buyers are circling
Industry coverage points to rent gains across downtown Chicago as a key reason investor interest in stabilized multifamily assets has reappeared. CoStar reports that recent rent growth has helped pull more capital off the sidelines. At the same time, other big offerings such as Tishman Speyer's Union West, a 357 unit property that has been brought to market, signal a broader wave of large apartment buildings being shopped, according to The Real Deal.
Who's marketing the asset
CBRE's Chicago institutional properties specialists are leading the sales push, with the firm's multifamily team featured on broker materials. The group has a long record of packaging downtown high rises for institutional buyers, a profile that typically attracts interest from life insurance companies and private equity funds that hunt for large urban assets.
Local history and what to watch
Developer CMK Companies built the tower and launched pre leasing in 2016, according to an early marketing announcement from Taylor Johnson. That relatively recent vintage, paired with condo style finishes and a full amenity package, has put properties like One333 on the radar of buyers that favor stabilized, cash flowing buildings even as more South Loop apartments open nearby.
Sale terms and pricing have not been released. CBRE's marketing materials list the contact brokers for the offering and indicate the campaign will be directed at institutional capital over the coming weeks. Market watchers say the outcome is likely to serve as a real time gauge of how aggressively buyers will price stabilized Chicago rentals while downtown rents continue to recover.
