Habitat Co. Acquires 305-Unit Luxury Apartment Tower in Chicago

by Kristin Harlow

CHICAGO — The Habitat Co. has acquired 1333 S. Wabash in Chicago’s South Loop for an undisclosed price from CMK Cos. The company acquired the 305-unit luxury apartment tower in a joint venture with Pacific Life and Township Capital. Designed by Chicago-based Brininstool & Lynch, the 28-story building opened in August 2016 and is currently 75 percent leased. The property features a mix of one-, two- and three-bedroom units, including nine duplex penthouses. Building amenities include a courtyard on the fourth floor that features a lounge area, fire pit and grill stations. Inside, the building features a workout facility, demonstration kitchen and lounge area. Habitat will also handle leasing and management for the property.

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