Waterton, a national real estate investor and operator, has acquired the 496-unit Alta Roosevelt Apartments at 801 S. Financial Place in Chicago. Situated in the South Loop and minutes from the West Loop and the lakefront, the acquisition of Alta Roosevelt brings Waterton’s total unit count in the metro area to over 6,700 units.
Built in 2017, Alta Roosevelt is located within steps of two of Chicago’s largest employment nodes: the CBD (the Loop) and the rapidly growing West Loop. The location offers convenient access to multiple transportation options, including immediate access to the Dan-Ryan Expressway (I-90) and the Eisenhower Expressway (I-290). Additionally, the property is located less than a half-mile from two Chicago Transit Authority stations (LaSalle and Harrison).
The unit mix at Alta Roosevelt consists of one-, two- and three-bedroom apartment homes. Amenities include 50,000 square feet of common area space including an outdoor pool and spa, outdoor lounge with grilling stations and TVs, a dog park, a bike room, a package room, a game room with bowling lanes, a fitness center, a yoga studio and an entertainment kitchen. The property also includes a four-story parking garage. Waterton will rebrand the property as The Elle, as a nod to both Eleanor Roosevelt and Chicago’s elevated train system, the “L”, and renovation plans include enhancing the common areas and amenities.
