Cedar Street Co., a leading diversified holding company headquartered in Chicago has added FLATS No. 800 to its extensive portfolio of properties, expanding their community-focused efforts to their first Near North Side. FLATS No. 800 marks Cedar Street Co.’s eighth property and their continued purpose to bring Chicagoans quality real estate.
This landmarked building is located at 800 N. Clark St., Chicago, IL 60610 and will be a multi-family, retail and land development site. Staying within FLATS’ lifestyle mission to cater to tenants, there will be 13,000 sq. ft. of interactive commercial retail space in the ground lobby. Cedar Street Co. plans a gut renovation and stabilization of the property to create a fully furnished, amenity rich building that meets the company’s high standards of living.
“FLATS maintains a focus on creating spaces with character and soul,” said Alex Samoylovich, managing partner. “This property’s rich history and unique architecture embodies that spirit and allows us to expand our love for community to the Near North Side.
This asset was purchased for $12.5 million as a long-term family owned asset of three generations with Associated Bank providing an acquisition finance of $7.5 million. Built in 1901, The Bush Temple of Music was originally home to the Bush and Gets Piano Company and designed by architect J.E.O. Pridmore.
No. 800 will feature a state-of the-art fitness facility, free Wi-Fi, electronic entry system with key FOB access to units and main door, video surveillance security systems, 24-hour door staff, on-site office staffed full-time and a garden with barbecues.
