Chicago-based The Habitat Company, a leading multifamily property developer and manager in the United States, announced it has been awarded the property management contract for 1000 South Clark, a new 469-unit luxury apartment tower in Chicago’s South Loop neighborhood. The building, which broke ground in the summer of 2014, is slated for delivery in early 2016.
“We’re very proud to partner with JDL Development and iStar on their largest and most ambitious rental property to date,” said Sheila Byrne, executive vice president of The Habitat Company. “Residents have high expectations when it comes to living in a Habitat-managed building, so the endless list of amenities and top-of-the-line finishes at 1000 South Clark perfectly complement the high level of service synonymous with the Habitat name.”
The 29-story apartment tower will offer studio, one, two, and three-bedroom residences, with individual units ranging from 505 to 2,112 square feet. Additionally, the community will also feature six three-bedroom rental townhomes measuring 3,173 square feet which will include a two car garage. Select townhome floor plans will also offer four bathrooms. The Habitat Company will oversee leasing, with pre-leasing slated to begin in October 2015.
Units feature luxury 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, elegant interior lighting 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 more than 43,000 square feet of amenity space including a 20,000 square foot outdoor terrace with grilling stations, an enclosed indoor 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.
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 ™.
“These modern, upscale apartments and outstanding amenities are absolutely what today’s luxury renters want,” said Byrne. “Add to that the community’s unmatched access to the amazing variety of shopping, dining and entertainment options that the South Loop has to offer, and we know these residences will be very popular.”
Located near Clark Street and Roosevelt Road, 1000 South Clark is steps from popular dining and night life destinations, Soldier Field, the Museum Campus, multiple parks, the lakefront, and shopping, 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.
1000 South Clark, designed by Hartshorne & Plunkard, is a joint venture between JDL Development, LLC and New York-based iStar.
For leasing information, visit 1000southclark.com or email info@1000southclark.com. To learn more about The Habitat Company, and it’s portfolio of properties, visit habitat.com.
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 20,000 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 more than 700 employees throughout the United States, Habitat is dedicated to improving the communities it serves through innovation and a commitment to excellence. For more information, visit www.habitat.com.
About iStar
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.
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. For more information, visit www.jdlcorp.com.
Chicago-based The Habitat Company has announced it has been awarded the property management contract for 1000 South Clark, a new 469-unit luxury apartment tower in Chicago’s South Loop neighborhood.