1000 South Clark in Chicago’s South Loop Opens for Pre-LeasingDecember 23, 2015
Chicago-based The Habitat Company has announced the start of pre-leasing at 1000 South Clark, a new 469-unit luxury apartment tower in Chicago’s South Loop neighborhood. The building is slated for delivery in early 2016 and is a joint venture between Chicago-based JDL Development and New York-based iStar.
The development will offer studio, one-, two-, and three-bedroom residences ranging from 512 to 2,730 square feet with rents ranging from $1,625 to $6,784. Additionally, 1000 South Clark will also feature six three-bedroom rental townhomes averaging 2,635 square feet, which will include a two car garage. Select townhome floor plans will also offer 3 ½ baths. Townhome rents start at $5,823.
“1000 South Clark residents will enjoy five-star finishes and more than 40,000 square feet of amazing amenities,” said Sheila Byrne, executive vice president of property management at The Habitat Company. “Add to that convenient access to the amazing variety of shopping, dining and entertainment options that the South Loop has to offer, and we know this building will be at the top of renter’s wish lists.”
Residences at 1000 South Clark offer premium finishes including high ceilings, panoramic lake and city views, custom kitchen cabinetry and Quartz countertops, stainless steel Whirlpool appliances, custom bathroom vanities with tile bath and shower surrounds, plank flooring and full-size washers and dryers. Select units also feature floor-to-ceiling windows, custom Elfa® closets and balconies.
Designed with the latest recreational and social amenities, 1000 South Clark offers 43,000 square feet of amenity space including a 20,000-square-foot outdoor terrace with grilling stations, an indoor/outdoor pool and rooftop running track, a 10,000-square-foot state-of-the-art fitness center, basketball and racquetball courts, virtual golf simulator, and putting area. The community also features six separate lounge areas, including a penthouse roof deck, library lounge and wine bar, chef’s demonstration kitchen, game room and billiards lounge; neighborhood bar room with customizable beer taps, news room and media lounge, board room and business center, automated package retrieval system, and on-site valet dry cleaning. A four-story garage attached to the west facade of the tower will provide parking for 327 vehicles.
“With each new rental tower, the bar gets raised,” said Byrne. “It’s safe to say 1000 South Clark has raised the bar so high that it’s in a league of its own. There is nothing else like it in the South Loop.”
The community will also offer residents the latest in pet amenities with a landscaped outdoor dog park, and provide full-service pet care and a boarding facility through its partnership with Bark on Clark.
“It was always our goal with this project to set a new standard for luxury apartment living,” said Yale Dieckmann, executive vice president and chief investment officer at JDL Development. “With a prime location in Chicago’s white-hot South Loop corridor, 1000 South Clark boasts innovative architecture, unparalleled design, top-of-the-line finishes and more than 43,000 square feet of unique amenities. It’s a building that doesn’t just stand out, but will stand the test of time. It offers everything that today’s as well as tomorrow’s renters’ demand and more.”
Located near Clark Street and Roosevelt Road, 1000 South Clark is steps from popular dining and nightlife destinations, Soldier Field, the Museum Campus, multiple parks, the lakefront, and various shopping venues, including Target and The Shops at Roosevelt Collection. The community is just two blocks from the CTA’s Roosevelt Red/Green/Orange Line station, offering convenient access to the Loop and both Midway and O’Hare International Airports.
About The Habitat Company
Founded in 1971, The Habitat Company is a full-service residential real estate company specializing in property management, acquisitions and development. One of the largest residential property developers and managers in the United States, with over $2 billion in assets and more than 23,000 units under management across five states, the company’s portfolio spans a range of property types, from mid- and high rise condominium, apartment and adaptive reuse developments to student, senior and affordable housing communities. Headquartered in Chicago, with approximately 800 employees throughout the United States, Habitat is dedicated to improving the communities it serves through innovation and a commitment to excellence. To learn more about The Habitat Company, and it’s portfolio of properties, visit habitat.com.
About JDL Development
As one of Chicago’s preeminent developers, JDL’s executive team brings more than 60 years of combined real estate experience to every project. JDL believes a successful project is driven by a keen understanding of location and design, and a commitment to keeping on task and on budget. With innovative architecture and unparalleled design, JDL properties are built to enhance their surrounding environments and stand the test of time.
iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as an adaptive investment company, bringing uncommon capabilities and new ways of thinking to commercial real estate. Building on more than $35 billion of transactions, including $10 billion of residential projects over the past two decades, iStar is one of the largest investors in luxury condominium, multifamily and master-planned residential developments in the U.S. Structured as a real estate investment trust (“REIT”), its portfolio is diversified by asset type, property type, geography and obligor, with a focus on larger assets located in major metropolitan markets. Additional information on iStar is available on the Company’s website at www.istar.com and www.iStarLandDev.com.