175 Harbor Drive, LLC has acquired North Harbor Tower, a 600-unit apartment tower located at 175 N. Harbor Drive in Chicago.
North Harbor Tower is located within a 28-acre, award-winning master-planned community in the Lakeshore East neighborhood. Terms of the acquisition were not disclosed.
Current amenities at the 55-story building include an outdoor sundeck, indoor pool, 24-hour fitness facility, fitness studio with complementary classes, and party room. A multimillion-dollar renovation of the property is scheduled to begin later this year.
Tomer Bitton, principal at Crescent Heights, said North Harbor Tower boasts one of the most advantageous lakefront locations in downtown Chicago.
“Our goal is to realize the full potential of this underutilized asset through a multimillion-dollar investment to reflect the Crescent Heights Inspired Living brand,” he added.