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| Randy Fifield |
CHICAGO, IL (April 28,
2017) – Chicago-based Fifield Realty Corp. and F & F Realty Ltd. broke
ground Wednesday, April 26, on 727 West Madison (also known as One South Halsted): a 44-story,
492-unit luxury rental tower with more than 10,000 square feet of retail space.
At just under 500 feet, it
will be the tallest building in Chicago’s West Loop upon its completion in late
2018.
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| Dr. Laura Calamos |
Speaking at the
groundbreaking event were David Friedman,
president of F & F Realty Ltd.; Randy
Fifield, chairwoman of Fifield Realty Corp.; Steve Fifield, chairman of Fifield Companies; 27th Ward Alderman Walter Burnett Jr.; Dr. Laura Calamos,
president of the National Hellenic Museum located in West Loop’s Greektown; and
Irene Koumi, president of the board
of directors for the Chicago Greektown Educational Foundation.
Both Dr. Calamos and Ms.
Koumi were presented with life-sized checks for $30,000 for each of their
respective organizations as a donation from 727 West Madison.
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| David J. Friedman |
“We’re so thrilled to have
the neighborhood growing, expanding and evolving,” said Dr. Calamos. “Last
year, the National Hellenic Museum served over 15,000 people through classes,
tours and field trips.
"We believe there is so much to learn from our history
and our heritage. This building is a wonderful addition that allows us to bring
more education to a larger community.”
Designed by Chicago-based
FitzGerald Associates Architects, with Lendlease as general contractor and
interior design by Evanston-based Morgante Wilson Architects, the residences at
727 West Madison will include studio, one-, two- and three-bedroom layouts
ranging from 490 to 1,550 square feet.
Individual units will be
appointed with plank flooring; oversized windows with views of downtown and
Lake Michigan; kitchens with quartz countertops, flat-paneled cabinets,
high-end stainless steel appliances and single-bowl undermount sinks, and Grohe
Concetto faucets; and bathrooms with quartz countertops, frameless glass shower
doors, and porcelain tile walls and flooring.
Select units will feature
walk-in closets in the master bedroom and double- bowl vanities in the master
bathroom.
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| Steve Fifield |
From 727 West Madison,
residents will be within walking distance of popular grocers and retailers,
one-of-a-kind shops, Randolph and Fulton Street restaurants, nightlife, CTA
stops and Metra stations, Divvy stations, and a large number of employers
across multiple industries.
“Google is here and
McDonald’s is coming, Sterling Bay has a big presence, and every day you hear
about more tech firms coming to the West Loop,” said Randy Fifield. “It was
important to us to create a luxury building that would serve a diverse
demographic of people wanting to enjoy the West Loop experience.”
Outdoor amenities at 727
West Madison will include a large sun terrace with a pool, spa, cabanas, and
grilling stations with intimate seating areas with porticos for dining and
lounging.
Indoor amenities will
include a fitness club with a yoga, barre and Pilates studio; private massage
room; resident lounge with demonstration kitchen; state-of-the-art screening
room with surround sound; ‘WeWork’-style business center and conference rooms
with presentation screen, work carrels, and high-speed Wi-Fi; dog spa; and
bicycle “kitchen” with extensive bike storage, supplies, tools and air pumps.
High-speed internet and DIRECTV will be available in all units.
Residents will have access to a 24-hour
on-site concierge and adjacent parking garage with 375 parking spaces.
Alderman Burnett
acknowledged David Friedman for spearheading development of the empty site and
for his collaboration with community organizations like the Greektown SSA and
the West Loop Gate Association.
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| Walter Burnett Jr. |
He recognized the project’s financial
contributions to the National Hellenic Museum and the Chicago Greektown
Educational Foundation, as well as its $1 million donation for affordable
housing to be built in the 27th Ward.
Friedman, who owns the
398-room Crowne Plaza Metro adjacent to the 727 West Madison site, thanked
Alderman Burnett for entertaining discussions on 727 West Madison beginning in
2009.
He also recognized FitzGerald Associates for beautifully articulating a
vision for the building during its early stages of development.
“It’s a very exciting day
for us,” said Friedman. “It gives us a lot of pride to make this contribution
at the gateway of the West Loop. We’re honored to co-develop this building with
the Fifields, who have the ability, the finesse, and the flair to create an
iconic apartment tower.”
For a complete copy of the company’s news release,
please contact:
Gretchen Muller,
gmuller@taylorjohnson.com, (312) 267-4511
Kim Manning,
kmanning@taylorjohnson.com, (312) 267-4527
