Adaptive Reuse


@properties co-founders, Mike Golden and Thad Wong, began their real estate careers selling loft projects in Bucktown and the West Loop in the 1990s. Since then, @properties has been involved in all types of adaptive re-use developments including former office buildings, hospitals, dormitories and industrial buildings – all converted for residential use. Notable projects include Six North Michigan, the conversion of the historic Montgomery Ward headquarters across from Millennium Park; La Schola, the refashioning of the original Latin School of Chicago into four ultra-high-end condominiums; and Webster Square, the adaptive re-use of the former Lincoln Park (Grant) Hospital for luxury condominiums, apartments and retail space.

Adaptive re-use involves its own set of challenges, both in terms of programming and sales and marketing. Our Developer Services team has experience addressing complex matters related to unit design; common-area design; identification of additional revenue opportunities such as commercial space and resident storage; and cost-value analysis for preservation of existing architectural elements. Additionally, we consider whether or not a building’s former use has meaning or value to the prospect pool, and therefore whether it should be highlighted or downplayed in project marketing.

Representative projects:


Related Content

@properties oversaw leasing for a new, 75-unit apartment community in Lincoln Park — achieving stabilization in 6 months with very limited marketing expenditure.

Learn more

@properties was brought in to partner with the developer's in-house sales team on what would be downtown Chicago’s most successful condo sales program of 2010.

Learn more

@properties collaborated with an investor to design a successful workout of the final unsold units of this unique North Shore adaptive reuse project.

Learn more

Register For Research Email Alerts

Call Us! 312.334.8348