CHICAGO (August 31, 2016)– Chicago-based Golub & Company, together with co-developer CIM Group, today announced the opening of the 40-story, 397-unit luxury apartment tower, 1001 South State. The building’s first residents move in this month and will be greeted with unique, technology-focused amenities in the heart of Chicago’s energized South Loop neighborhood.
“The South Loop is one of Chicago’s fastest-growing and most-desirable neighborhoods,” observed Golub & Company President and CEO Michael Newman. “1001 is destined to become the place for Chicago’s top innovators to live, work and collaborate.”
The building’s many technology-friendly amenities include the Makerspace, a communal workspace where residents have access to the state-of-the-art Nomad 833 Pro CNC milling machine and a Glowforge™ 3D Laser Printer. Other amenities appealing to many in the technology start-up and related businesses include a co-working space featuring an interactive whiteboard technology presentation system, USB stations throughout the common areas, and a shared media and game room.
1001 South State also features an outdoor pool and sundeck, an outdoor hot tub, a fitness center and a specialty yoga studio, a conference room, a bike share and repair room, a dog run and pet grooming area, a resident lounge and a terrace with cabanas and grilling stations, a birch grove, complimentary Wi-Fi in common areas, and automated package pick-up and dry cleaning systems.
The apartments, available in studio, one-, two- and three-bedroom layouts, feature floor-to-ceiling windows, grey-toned plank flooring throughout, dual-tone kitchen cabinetry, glass tile mosaic backsplashes, quartz countertops in the kitchens and baths, terrazzo base and glass-enclosed showers, custom closet shelving, Wi-Fi and and smart phone-compatible thermostats, USB ports in the kitchens and bedrooms, stainless steel appliances, and in-unit washers and dryers.
"1001 State Street brings contemporary residences to the district in the South Loop, a neighborhood that offers an eclectic mix of shopping, dining, cultural and entertainment options as well as access to the area's regional public transportation network," said Avi Shemesh, Co-Founder and Principal, CIM Group.
The building includes approximately 7,800 square feet of street-level retail space and three levels of semi-enclosed parking spaces for 248 cars.
About Golub & Company LLC
Since its founding more than 55 years ago, with three generations of professionals working in the business, Golub & Company has built a strong reputation as a trusted co-investor and developer with its many institutional and private capital partners. It’s a reputation based on track record; Golub and its affiliates have owned, leased or managed more than 50 million square feet of commercial, mixed-use and multifamily real estate properties (inclusive of 45,000 residential units), valued in excess of $10 billion located across the United States and internationally. Access more information by visiting www.golubandcompany.com.
About CIM Group
CIM Group is a leading real estate and infrastructure investment firm that since 1994 has systematically and successfully invested in dynamic and densely populated communities throughout North America. CIM Group draws on its experienced team of real estate, investment and finance professionals to identify and pursue investment opportunities in five strategic categories: repositioning and development projects, well-positioned operating properties, value-add properties, debt, and infrastructure. Headquartered in Los Angeles, CIM maintains regional offices in New York, the San Francisco Bay Area, Bethesda, Maryland, and Dallas. For more information, please visit www.cimgroup.com
For Golub & Company:
Patricia True Agos, Akrete
firstname.lastname@example.org or (773) 758-5044
For CIM Group:
Karen Diehl, Diehl Communications
email@example.com or (310) 741-9097