Chicago-based The Habitat Company, a leading U.S. multifamily developer and property manager, announced today that the firm has been awarded property management of Park Tower, a 724-unit condominium building at 5415 North Sheridan Road in Chicago’s Edgewater neighborhood, effective Jan. 1.

“With beautiful lake views and shared spaces, Park Tower is the crown jewel of Edgewater condominiums,” said David Barnhart, vice president of condominium management at Habitat. “Park Tower has extensive amenities and is a great fit for Habitat’s growing condominium portfolio. It’s truly an honor to have been awarded management of this property.”

Constructed in 1973, Park Tower Condominium is a lakefront high-rise climbing 55 stories. It is one of the largest buildings by unit count among all-residential buildings in Chicago.

“We put the management contract for the building out to bid to four large companies we believed were capable of handling both our association and the size of the property,” said Michael Parrie, board president, Park Tower Condominium Association. “We chose Habitat because of its extensive experience, stellar reputation and commitment to implementing systems that simplify the association’s daily operations, which can be vast given the number of people living in the building. We are looking forward to a seamless transition and positive working relationship.”

Park Tower is situated close to the shopping and dining of the Historic Edgewater and Andersonville neighborhoods, lakefront beaches and the CTA Red Line. The property boasts a rooftop garden, grocery store, dry cleaners, clubhouse, parking garage, 24-hour doormen and security, a fitness center, racquetball courts and an indoor/outdoor pool.

For more information about Habitat, visit www.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 $3 billion in assets and more than 22,000 units under management across six states, the company’s portfolio spans a range of property types, from mid- and high-rise condominium, apartment and adaptive reuse developments to senior and affordable housing communities. Headquartered in Chicago, with more than 800 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.

The Habitat Company was awarded management of the 724-unit Park Tower Condominium building in Chicago’s Edgewater neighborhood.