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Related Enters Into Partnership to Re-Imagine and Re-Launch Three Marquee Condominium Developments In Chicago's South Loop
Jul 02, 2012
Related Midwest will Bring Best-in-Class Design, Amenities and Management to 1201 South Prairie Avenue, 1629 South Prairie Avenue and 1901 South Calumet Avenue; Expect to Launch Sales this Fall Related Midwest today announced that it has entered into a partnership to re-launch three newly constructed downtown residential towers located in the South Loop. Related will re-imagine the 500 condominium residences and building amenities, lead the marketing and sales efforts and manage the three buildings at 1201 South Prairie Avenue, 1629 South Prairie Avenue and 1901 South Calumet Avenue. "Related has a proven track record of creating and delivering best-in-class residences nationwide and in the Chicago marketplace. We are excited to create a unique opportunity for purchasers at these well-located properties by infusing a fresh design aesthetic and by delivering an unrivaled resident experience,” said Curt Bailey, President of Related Midwest. Related has decades of experience building some of the nation’s finest condominiums. The South Loop properties contain a number of unfinished residences, affording Related the unique opportunity to re-envision the residential offering. Related will also bring a new interior design aesthetic to the lobbies, common areas and lifestyle amenities. Related’s acclaimed commitment to service will be evidenced at these properties with a service platform rivaling the finest hotels. Situated in a marquee downtown Chicago location, the buildings are adjacent to Grant Park and the Museum Campus, with direct access to the Lakefront and a short walk to the central business district. Each building along Lake Michigan provides stunning, unobstructed city and lake views. The South Loop is one of Chicago’s fastest growing neighborhoods. The diversity of the unit types and locations offers varied price points to serve a broad spectrum of purchasers. A renowned national developer, Related has a long history in Chicago having developed the highly successful Park Tower, 840 North Lake Shore Drive and 340 on the Park, three buildings that continue to enjoy some of the highest home values in the city. Currently the most active player in Chicago development, Related Midwest has two ultra luxury rental high-rise developments totaling 1,000 units under construction at 500 North Lake Shore Drive and soon to begin at 111 West Wacker Drive and is presently marketing One Evanston, one of Evanston’s fastest selling condo developments. Related was also selected by the Chicago Housing Authority as the master developer of the 23-acre Lathrop Homes redevelopment on Chicago’s North Side, and is investing $100 million in Parkway Gardens, revitalizing and preserving the approximately 700-unit affordable housing redevelopment on the South Side of Chicago. For more information about Related Midwest, please visit www.relatedmidwest.com.