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Hubbard Place Hits 95% Occupancy

CHICAGO—The 43-story River North tower has been welcoming tenants for a little over a year, and is six months ahead of schedule.

By Brian J. Rogal | Updated on February 08, 2015

CHICAGO—The residential market for downtown Chicago has been extremely robust, and few places illustrate that better than the Habitat Company’s Hubbard Place. The 43-story glass tower recently hit its one-year anniversary and has already reached 95% occupancy, roughly six months ahead of schedule, according to officials from the Chicago-based property manager and developer.

“We have not reached the point where we have an oversupply in the downtown,” Matt Fiascone, Habitat’s new president, told GlobeSt.com. “The demand side of the equation still has some runway.”

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