2009 Award Winner for Office Redevelopment of the Year
NAIOPChicago.org
November 9, 2009

Property Information: 55/65 E. Monroe Street, Chicago, IL
Total Cost: $150,000,000
Square Footage: 1,600,000 s.f.
Developer/Broker Information:GlenStar Properties, LLC and Walton Street Capital, L.L.C.

This 1.6 million s.f. 49 story office building was transformed into a mixed use project. The top 9 floors of the office building (totalling approximately 500,000 s.f.) were redeveloped into high end residential condominuims overlooking Millennium Park, the Lake and the City. The building was completely separated so that each component has its own entrance, lobby, parking, and elevators. The top floor of the new condo project is the Park Monroe Club, and includes an indoor swimming pool, outdoor garden with hot tub, fitness center, community room, and media room. The developer was GlenStar Properties, LLC and the Owner is GlenStar Properties LLC and Walton Street Capital LLC. The architects were Pappageorge Haymes Architects and Goettsch Partners. The general contractor was Linn-Mathes, Inc.