chi-1333southWabash (2) Habitat and its partner, Newport Beach, CA-based Pacific Life and Township Capital, paid $125.1 million for the luxury tower.

CHICAGO—Chicago-based The Habitat Company continues to deepen its involvement in the city’s burgeoning luxury housing market. The multifamily property developer and manager, which is also expanding its national profile, recently entered into a joint venture with Newport Beach, CA-based Pacific Life and Township Capital in the acquisition of 1333 S. Wabash, a 305-unit class A rental tower in Chicago’s bustling South Loop neighborhood. The venture paid $125.1 million, according to Cook County property records.