South Loop Developer, AMLI Residential, Buys Divvy Station for its Residents

Divvy

A Chicago real estate developer paid the city $56,000 to install a Divvy bicycle-sharing station outside two of its apartment buildings in the South Loop, officials are expected to announce Friday.

The agreement with AMLI Residential marks the first private purchase of a Divvy station since the bike-sharing program was launched in 2013, officials said. City officials called the deal a “private donation.”

AMLI covered the cost of installing the 15-dock station at Clark and Ninth streets and provided 10 bikes, according to the Chicago Department of Transportation.

The station, which is already open, is part of the 476-station Divvy system and is operated for public use like all other stations, officials said. The only difference is that the station will have an AMLI logo added soon, officials said.

The station would likely have been located elsewhere if AMLI had not approached the city, CDOT spokesman Mike Claffey said.

To read the full article, visit The Chicago Tribune.

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About Michael Shenfeld

Real Estate Consultant

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