CHICAGO—Bentall Kennedy has hired The Habitat Company as the property manager for both McClurg Court Center in Chicago and Coventry Glen apartments in suburban Round Lake. With these two additions, Habitat's total units under management will expand to 21,000 total units.
Located at 333 E. Ontario St. in the Streeterville neighborhood, McClurg Court has 45-story twin towers with 1,061 apartments, as well as commercial space on the first level of the building. Coventry Glen is a 280-unit community in the northwest suburbs – a new submarket for Habitat. As reported in GlobeSt.com, the Chicago-based property manager and developer has decided to expand beyond the urban core.
“The Habitat Company's reputation for excellence was instrumental in winning the property management assignments for McClurg Court Center and Coventry Glen,” says Sheila Byrne, executive vice president of property management for Habitat. “Through past and current partnerships, we've been able to demonstrate Habitat's exceptional professionalism, care for residents, and property management expertise.”
This is not the first partnership between the companies. Bentall Kennedy, the real estate advisor to the fund which owns both McClurg and Coventry Glen, and Habitat recently joined up to develop Hubbard Place, a 450-unit community at 360 W. Hubbard St. in Chicago's River North neighborhood. In less than one year, Hubbard Place achieved 95% occupancy, six months ahead of schedule.
Built in the early 1970s and partially redeveloped in 2012, McClurg offers studios, convertibles, and one- and two-bedroom apartments that include views of downtown Chicago and Lake Michigan. Amenities include a sun deck with grills, fitness center, internet lounge, an indoor pool and three indoor tennis courts. McClurg also has about 114,220-square-feet of retail space on site.
Located near the Long Lake and Round Lake Metra stations, Coventry Glen is a nine-year-old garden-style community with one- and two-bedroom apartments with gourmet kitchens, walk-in closets, full-sized washers and dryers, as well as a clubhouse that overlooks the outdoor pool, and includes a business center and fitness center.
Gary Lundemo, vice president of property management at Habitat, will manage McClurg, and Katrina Edgar O'Neill, regional manager, will handle Coventry Glen.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
