IN THE NEWS


All the latest and greatest news about
The Habitat Company.


Q3 2015

618 South Main’s Exceptional Leasing Success

618 South Main, a high-end apartment community in downtown Ann Arbor, has pre-leased over one-third of the community since opening its doors two months ago. Located at the old site of Fox Tent and Awning, 618 South Main is located in the heart of the central business, retail and entertainment districts of Ann Arbor, Michigan.

The 153,133-square foot, 164-unit building currently under construction, is slated to be fully leased by September with the first residents moving in August 1, 2015.  The $41 million apartment development includes 59 studios, 74 one-bedroom units, and 31 two-bedroom units. 618 South Main offers studios starting at $1,385, one-bedroom from $1,730, and two-bedroom from $2,675 a month.

"The Habitat Company is thrilled about the success of the lease-up thus far.  It's exciting to be a part of this development that offers residents a unique product with signature offerings in a great location," said Sheila Byrne, Executive Vice President of Property Management at The Habitat Company. "After a decade of managing assets in Ann Arbor, we were able to apply our market knowledge and best practices to successfully market this community and generate over 75 leases in two months, for this unique, environmentally friendly community."

Designed to meet LEED Silver standards, 618 South Main showcases several high-end, environmentally friendly amenities, most notably a unique rain garden. The rain that falls at 618 South Main will be absorbed and infiltrated into a system of interconnected green roofs and rain gardens. These rain gardens are made up of plants and soils that soak up water, and, at the end of the "treatment train," connect down to native sandy soils deep in the existing soil profile. With the development of 618 South Main, rain that falls on this site will be slowed, cooled and cleaned through lush rain gardens. This approach turns storm water, which can be a liability, into a valuable groundwater resource: good for residents, the Ann Arbor community and for the environment.

Potential residents are encouraged to schedule a model tour with the team at the leasing center, located at 611 S. Ashley (855-541-0465), visit www.618SouthMain.com for details, or connect with 618 South Main on Facebook and Twitter for news about the community and updates on construction.


PRESS RELEASES

News page

The Habitat Company Starts Construction of 450-unit luxury high rise in Chicago

CHICAGO (January 12, 2012) - The Habitat Company announced the start of construction of a 43-story, 450-unit luxury high rise in Chicago in a joint venture with Multi-Employer Property Trust (MEPT) and a major institutional investor. This luxury multifamily community will be located at 360 W. Hubbard Street in Chicago's vibrant River North neighborhood, across the street from the iconic East Bank Club. This latest project adds to the more than 17,000 residential units developed by The Habitat Company in its 40 year history. Bentall Kennedy, one of the largest North American real estate advisors, represents its clients, an institutional investor and MEPT, a $5.4 billion real estate equity fund, in the transaction. "We are pleased to begin our latest project which builds on our forty years of experience and understanding of the market to create what we believe will be our finest apartment development," said Daniel Levin, Founder and Chairman of The Habitat Company. The rental residences will be smoke-free and will include top-of-the-market finishes, amenities, and services, including 29,000 square feet of indoor and outdoor amenity space to accommodate year round activities. The development will be seeking LEED Silver certification under the Leadership in Energy and Environmental Design (LEED) system of the U.S. Green Building Council. The project's architect is Solomon, Cordwell, Buenz & Associates which has designed many distinctive residential buildings around Chicago, including The Habitat Company's Kingsbury Plaza development located across the street. The general contractor for the development is James McHugh Construction Company which has built some of the most recognized properties in the Chicago skyline, including many of The Habitat Company's prior projects. "For The Habitat Company, there are many exciting aspects to this development, not the least of which is our partnership with Bentall Kennedy, one of the most respected North American institutional real estate advisors, a major institutional investor and MEPT," said Matt Fiascone, Senior VP of Finance and Investment for The Habitat Company. Upon its completion in late 2013, the development will be managed by The Habitat Company. The Habitat Company currently manages for its own account and for third parties over $2 billion of assets comprised of more than 20,000 residential units of market rate, affordable, condominium, student and public housing units in Illinois and four other states. When combined with its recent acquisition of 480-unit and 360-unit multifamily assets in Ann Arbor, Michigan, The Habitat Company concluded transactions in December having a total value of close to one-quarter of a billion dollars.

Signup for E-news

Get our e-newsletter delivered to your inbox regularly.