Presidential Towers

The Property is located within Downtown Chicago in the affluent West Loop neighborhood. The Property is part of a thriving community that will experience a 7.07% population growth projection over the next five (5) years and maintains a median household income of $108,577 within a one-mile radius. The asset is situated on two (2) city blocks between West Madison Street and West Monroe Street (east/west thoroughfares) and between South Clinton Street and South Des Plaines Street with South Jefferson Street in the middle (north/south thoroughfares). With this location, Presidential Towers find itself in one of Chicago’s most densely populated neighborhoods (94,000 residents within a one-mile radius) with excellent public transit options. For example, the properties are just a few blocks from both Union Station and Ogilvie Transportation Center as well as within a few blocks from both the Clinton Green/Pink “L” station and Clinton Blue “L” station. It is worth noting that the properties are surrounded by several companies that help drive a daytime employee population of approximately 492,000 people. Some of those companies include Boeing Corporate Offices, CDW, Deloitte, Ernst & Young, Gogol, IBM Chicago Offices, and Walgreen’s Corporate Offices, among many others. Another feature of this location is the convenient access to the Kennedy Expressway (Interstate-90 and Interstate-94), and Interstate-290. The buildings are located just two (2) blocks from the Madison exit/entrance ramps. Neighboring Retailers include: Whole Foods, Mariano’s, Chicago’s French Market, Revival Food Hall, Walgreen’s, CVS/Pharmacy, Starbucks, Girl and the Goat, Little Goat, Au Cheval, Chipotle, and many more.Incredible leasing opportunity at Presidential Towers, a trophy asset in Chicago’s affluent West Loop neighborhood. Presidential Towers is comprised of four (4) 49-story apartment buildings, situated across two (2) full city blocks just steps from Ogilvie Transportation Center and Union Station. This prime leasing opportunity provides a captive audience with over 4,000 residents in Presidential Towers and a daytime population of over 183,000 pedestrians within a half-mile radius. Presidential Towers recently finished a multi-million dollar renovation including a new fitness club, a sundeck, along with an upgraded lobby and restaurants to service the residents and the expanding office population in the West Loop. With just over 135,000 SF of retail space, Presidential Towers features an excellent opportunity for an array of retail, restaurant, medical office or any service oriented business. The available units feature second generation kitchen equipment, a former grocer, a former coffee shop, spacious interiors flexible for various tenants, and expansive window lines that provide exposure to up to 45,000 VPD. Additionally, the property features parking on-site, convenient access to the Kennedy Expressway and an finds itself submerged in an affluent neighborhood with an average household income of $107,394.