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Habitat Company
Kingsbury Plaza was nearing completion in River North five years ago, and we reported the rent schedule: studios from $1,096, convertibles from $1,195, one-bedrooms from $1,691 and two-bedrooms from $2,602. The starting rents for one- and two-bedroom apartments at the luxury high-rise have risen only modestly over the previous five years, up 10.6% to $1,871 ...
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Posted by Joe Zekas on April 5, 2012
I stopped by the site of the new apartment tower under construction at 360 West Hubbard a few hours ago and learned that the caisson drilling was completed yesterday. The large blue and yellow drilling rig at the left center of the photo will be gone shortly, and work can begin on bringing the 43-story, ...
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Posted by Joe Zekas on February 9, 2012
Here’s the text of a news release received this morning from The Habitat Company: The Habitat Company announced the start of construction of a 43-story, 450-unit luxury high rise in Chicago in a joint venture with Multi-Employer Property Trust (MEPT) and a major institutional investor. This luxury multifamily community will be located at 360 W. ...
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Posted by Joe Zekas on January 12, 2012
As of this morning the parking lot at 360 W Hubbard St, which is slated to be the site of a new 43-story, 450-unit apartment tower, remains open for parking. Notices have been mailed to East Bank Club members announcing the lot’s closing at an indefinite date and alerting them to other parking options. The ...
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Posted by Joe Zekas on December 20, 2011
The high-rise that’s under construction in Old Town is about two-thirds of the way toward topping out, and it now has a new address, a new name and a new skeletal website. YoChicago and other sites had been referring to the building as 1233 N Wells. The website says to expect occupancy at 1225 Old ...
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Posted by Joe Zekas on November 8, 2011
Related Midwest began construction in September 2011 at 500 N Lake Shore Dr on a 45-story, 500-unit apartment tower slated for occupancy in May of 2013. The square-block site, bounded by Lake Shore Dr, Peshtigo Ct, Grand Ave and Illinois St, is one of the very few parcels available for development on Lake Shore Drive. ...
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Posted by Joe Zekas on November 4, 2011
The Habitat Company is building a new 43-story, 450-unit apartment tower in River North at 360 W Hubbard St, across from the East Bank Club. An adjacent 8-story garage will include 520 parking spaces, 394 for the residences and 126 for the East Bank Club. Habitat has applied for building permits under Chicago’s Green Permit ...
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Posted by Joe Zekas on October 31, 2011
The 52-story, 624-unit Newberry Plaza, 1030 N State St, was built by The Habitat Company in 1971 and converted to condominiums in 1981. At more than 550 feet in height it is taller than any building further north in Chicago, and was the sixth-tallest residential building in the world at the time of its completion. ...
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Posted by Joe Zekas on October 19, 2011
Unless you follow our Chicago Real Estate News feed religiously, you might have missed these stories that came across the wire late today. Both stories follow up on topics we’ve covered in recent Yo posts. A judge has relieved The Habitat Company of its receivership duties for Chicago Housing Authority properties, saying the CHA “appears ...
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Posted by Joseph Askins on May 20, 2010
One of the videos YouTube recommends for us this afternoon — perhaps because of our own videos with Habitat Company President / CEO Mark Segal — is this speech by former Habitat head and current Senior Advisor to the President Valerie Jarrett at the inaugural meeting of the Institute for Comprehensive Community Development in Washington, ...
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Posted by Joseph Askins on May 7, 2010
“The financing of affordable housing will always be complicated,” but it’s still a necessary component of urban development, says Mark Segal, the president and CEO of the Habitat Company. Near the end of our interview last month, Mark touched on the importance of affordable housing and the challenges of building it with a down economy.
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Posted by Joseph Askins on May 4, 2010
We asked Habitat Company President / CEO Mark Segal for an assessment of what architect Pat FitzGerald once called a “daring experiment”: the communities created as a part of the Chicago Housing Authority‘s Plan for Transformation. The CHA recently marked the 10th anniversary of the Plan for Transformation, which aims to replace the city’s old, ...
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Posted by Joseph Askins on April 19, 2010
The Habitat Company has been a pioneer in both the construction and management of affordable housing throughout Chicago. In this segment from our wide-ranging interview about Habitat, President / CEO Mark Segal discusses the scope of his company’s activities.
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Posted by Joseph Askins on April 15, 2010
Although it’s currently perceived as a developer of luxury housing in prime locations, the reality is that many of The Habitat Company‘s locations were speculative at the time they were built, and a number included a mix of affordable and market-rate units. In the second segment from last week’s sit-down at Habitat HQ in River ...
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Posted by Joseph Askins on April 13, 2010
The Habitat Company has changed the face of Chicago. Over the past 30 years, Habitat has developed more than 17,000 residential units and currently manages more than 23,000. The company’s founder, Dan Levin, is a real estate legend, and Valerie Jarrett, a recent CEO, is a senior advisor to Barack Obama. Last Friday Joe and ...
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Posted by Joseph Askins on April 12, 2010
December’s a month meant for retrospectives and year-end lists, so over these final three weeks of 2009, I’ll dig back through our archives to see which posts and videos got people talking. I’m going to start off with YoChicago’s single most popular post of 2009, Joe Zekas’ plea for more information about Centrum Properties’ Lofts ...
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Posted by Joseph Askins on December 9, 2009
What do Roosevelt Collection and Burnham Pointe have in common besides a ZIP code? Both were supposed to be condominium projects but converted into rental apartments prior to completion. Now that Roosevelt Collection is open for business, we can finally stack their price points and amenities side-by-side for a little South Loop showdown. Obviously there ...
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Posted by Joseph Askins on October 5, 2009
This morning I finally got around to piecing together footage from our visit to the recently opened Roosevelt Collection, located at 150 W Roosevelt Rd in the South Loop. There’s only so much we could see on Friday — a lot of the development is still fenced off and under construction, and only a couple ...
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Posted by Joseph Askins on October 2, 2009
After learning that people were actually living in one of Centrum Properties‘ Roosevelt Collection mid-rises, Erik and I knew we needed to get inside and take a look around. We’ve watched the development’s construction primarily from the Roosevelt Road sidewalk, but the fences and barricades are gone now, and about a third of Roosevelt Collection’s ...
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Posted by Joseph Askins on September 28, 2009
Well, that didn’t take long. A mere six weeks have passed since Centrum Properties announced its decision to go rental at the Lofts at Roosevelt Collection, 150 W Roosevelt Rd in the South Loop, and already the development’s first phase of 170 apartments is 70 percent leased, with tenants starting to move in. Now that ...
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Posted by Joseph Askins on September 24, 2009
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