CHICAGO, IL - 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 Metropolitan Tower, a 234-unit luxury condominium building located at 310 S. Michigan Ave., effective July 1.
“With its neo-classical architecture and distinctive blue beehive beacon, Metropolitan Tower is an instantly recognizable stalwart of Chicago’s famed skyline,” said David Barnhart, vice president of condominium management at Habitat. “This landmark residential tower, which offers protected views of Grant Park and Lake Michigan from its prime location on Chicago’s Cultural Mile, is a jewel in Habitat’s growing condominium portfolio. We are thrilled to have been awarded management of this historic property.”
Constructed in 1924 and widely known as the city’s first high-rise, the 30-story Metropolitan Tower building was originally home to office space and converted to condominiums in 2007. Designed by Graham, Anderson, Probst & White, the storied architectural firm behind some of Chicago’s most famous buildings, Metropolitan Tower includes condominium residences ranging in size from one to four bedrooms, a six-story heated garage and ground-floor retail along Michigan Avenue and Jackson Boulevard that includes a CVS Pharmacy, Kilwin’s Chocolate, FedEx and RetroFitness.
“As we evaluated property management companies, we were impressed with Habitat’s extensive experience managing mixed-use buildings and reputation among condo management firms. Combined with Habitat’s ongoing commitment to provide exceptional customer service to residents and condominium association board members, we knew this was the right choice,” said Brian Whitlock, president of the board of directors of the Metropolitan Tower Condominium Association.
“We are looking forward to establishing a valuable partnership with Habitat to provide turnkey building oversight to superbly serve Metropolitan Tower’s residents and commercial tenants.”
Metropolitan Tower is located adjacent to Grant Park and within walking distance of Chicago’s world-class museums, art centers, educational institutions and retailers. The property boasts 24-hour door staff, a fitness center, bike storage and a sundeck with landscaped terrace on the 23rd floor offering sweeping views of Lake Michigan and the famed Buckingham Fountain.
For more information about The Habitat Company, 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. As one of the largest property developers and managers in the United States, Habitat has over $3 billion in assets and more than 25,000 units under management across six states. The company’s portfolio includes condominium, market-rate, 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