Georgetown Buys West Loop's K2 Tower

CHICAGO—The Fulton River District has become one of the city’s hottest residential markets and leading investors are ready to take advantage of the opportunity. The Georgetown Co., for example, a developer and owner of many significant properties across the nation, has acquired K2, the 34-story, 496-unit apartment tower at 365 N. Halsted St. Georgetown officials say that although the building, which opened for leasing just last year, is in excellent condition, they still have plans to upgrade its public spaces and provide more amenities.  

“The opportunity to participate in the growth and energy in the West Loop and Fulton Market districts attracted us to this fully-leased property, as we remain excited about Chicago’s long-term prospects in both commercial and residential activity,” says Adam Flatto, chief executive officer of the New York-based Georgetown.