CA STUDENT LIVING TO REHAB HISTORIC CHICAGO OLD COLONY BUILDING

CHICAGO — CA Student Living and MCJ Development, headed by Chicago developers Keith Giles and Mike Moyer, have acquired the Old Colony building in the Chicago Loop area. The firms are planning to transform the landmark building into student apartments. The new apartments will be fully furnished and feature open floor plans with wood grain flooring, European style kitchens, stainless steel appliances and flat screen TVs. The building will also include a 24/7 Wi–Fi study lounge with coffered ceilings and health club-like fitness center on the second floor, as well as a private residents-only rooftop event space with outdoor grilling terrace and panoramic city and lake views. The 17-story Old Colony building, designed by Holabird and Roche Architects, was constructed in 1894 and most recently operated as partially occupied office building.