CHICAGO, IL - Luxury Living Chicago Realty (LLCR) announces Wolf Point East, a 698-unit luxury apartment building, has hit the 80% leased milestone.
“As the exclusive marketing and leasing provider for Wolf Point East, we have seen demand for this building remain incredibly strong throughout the pandemic,” said Aaron Galvin, CEO & Founder of Luxury Living Chicago Realty. “While much of the Chicago luxury apartment market experienced rent decreases and muted leasing absorption for the past year, Wolf Point East has exceeded all leasing metrics throughout the lease-up. This is a testament to the quality of construction, thoughtful amenities, world class ownership team, and unit mix offering larger average unit sizes, comfortable for the current work from home environment.”
Located at the intersection of River North, Fulton Market and the Loop above a four-acre riverfront park, Wolf Point East is designed by internationally renowned Pelli Clarke Pelli Architects in partnership with Pappageorge Haymes Partners.
The luxury apartment building offers studio to three-bedroom penthouse floor plans. Studios start at $2,295 per month, junior one bedrooms start at $2,475, one bedrooms start at $2,795 per month, two bedrooms start at $4,295 per month and three-bedrooms penthouses start at $13,995 per month. Leasing incentives are available on select units and lease terms.
Building amenities include an indoor pool with south-facing terrace and sundeck, a full-floor expansive fitness club and exercise studio, private coworking lounge with conference rooms, outdoor dog run and inviting pet amenities, elegant gathering spaces for dining and entertaining and a club area complete with social games and a golf simulator.
Wolf Point East is also excited to announce that Blue Bottle Coffee will open in the ground floor retail space in summer 2021. The Oakland-based specialty coffee company is known for its world class single-origin and blend pour overs and espresso drinks, as well as its attention to quality and sustainability. This will be their first location in Chicago and the largest in the company’s United States portfolio.
“We are thrilled to reach this leasing milestone, and we could not be more pleased with the beautiful community we have created,” said Will Renner, Managing Director at Hines. “We are also excited to welcome Blue Bottle Coffee this summer, which adds another amenity for our residents and the neighborhood.”
The development team is composed of Hines, Wolf Point Owners LLC and the AFL-CIO Building Investment Trust. Wolf Point Owners LLC is a part of Park Holdings Group LLC which is the principal investment entity of the Kennedy Family. Learn more about the apartments and future updates at www.WolfPointEast.com
Hines: Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 214 cities in 24 countries. Hines has approximately $120.6 billion of assets under management, including $66.5 billion for which Hines provides fiduciary investment management services, and $54.1 billion for which Hines provides third-party property-level services. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world.
Wolf Point Owners LLC: Wolf Point Owners LLC is a part of Park Holdings Group LLC which is the principal investment entity of the Kennedy Family. Wolf Point Owners has maintained an ownership stake in the four-acre Wolf Point development site since 1949 when it made an initial land acquisition. Under the leadership of Chris Kennedy and Joseph Hakim, the Family engaged Pelli Clarke Pelli Architects to master plan the site and shortly thereafter entered into a joint venture agreement with Hines in 2008 to develop Wolf Point.
AFL-CIO Building Investment Trust: The AFL-CIO Building Investment Trust (“BIT”) is a bank collective trust fund whose investors are comprised of qualified pension funds and retirement plans with union beneficiaries. Since 1988, the BIT has invested more than $7.3 billion for the development and acquisition of more than 200 office, retail, multifamily, hotel, warehouse, and mixed-use properties across the country.
Luxury Living Chicago Realty: Founded in 2007, Luxury Living Chicago Realty has unparalleled experience marketing and leasing luxury multifamily properties in Chicago. Our team provides best-in-class customer service with a seamless showing and leasing process. With our extensive knowledge of the Chicago real estate market, our leasing professionals provide invaluable insight. We are able to understand the renter's needs and priorities and are happy and fulfilled in helping to find the perfect new home. Our passion is to empower people to live their best life. To learn more about Luxury Living Chicago Realty, visit www.luxurylivingchicago.com