Presidential Towers
| Presidential Towers | |
|---|---|
LEED Silver Certification | |
| Other information | |
| Number of units | 2346 |
| Parking | 1162 spaces |
| Website | |
| presidentialtowersapts | |
| References | |
| [1][2][3][4][5] | |
Presidential Towers is a multi-tower residential apartment complex built in 1986 and located in
Built in what was once the skid row area of Chicago, the complex received over $100 million in direct investment and waived Federal, state and city revenues to get built, including the then-largest guarantee from the Federal Housing Administration. Occupancy struggles in the late 1980s resulted in the complex going into default in the early 1990s.[6]
The complex is composed of four 49-story residential
Waterton Associates purchased Presidential Towers in 2007 from Pritzker Realty Group[4] and began plans for a comprehensive renovation. Work to date has included updating living units and common areas, and adding street front access to the ground floor retail space.[3]
Presidential Towers has hosted an annual "Fight for Air Climb" stair climb since 2009 and was awarded a 2014 Impact Award by the American Lung Association of Greater Chicago.[3] In 2015, it became the largest residential property in Chicago to implement a 100% smoke-free policy.[7]
References
- ^ "Presidential Towers". Chicago Architecture Info. Retrieved 7 February 2017.
- ^ Megan, Graydon (23 August 2016). "James McHugh, construction company pioneer, dies at 90". Chicago Tribune. Retrieved 7 February 2017.
- ^ a b c d Boston, Lauren. "Back in the Loop" (PDF). Units (October 2014). naahq.org: 42–49. Retrieved 7 February 2017.
- ^ a b Neamt, Ioana. "Chicago Presidential Towers Land $250M Financing". Multi-Housing News Online. Retrieved 7 February 2017.
- ^ Corfman, Thomas A. (5 March 2007). "Pritzker family to sell Presidential Towers". Crain's Chicago Business. Retrieved 7 February 2017.
- ^ Wright, Talmadge. Out of Place: Homeless Mobilizations, Subcities, and Contested Landscapes. SUNY Press, 1997, page 159
- ^ "PRESIDENTIAL TOWERS IN WEST LOOP BANS SMOKING". ABC 7 Chicago. 3 March 2015. Retrieved 7 February 2017.
External links