CHICAGO—The Habitat Co. has just been awarded the management of Park Place by the property's condominium association. Located at 600 N. Kingsbury in Chicago's River North neighborhood, the 20-story, 163-unit contemporary condominium tower was designed by Chicago-based Solomon CordwellBuenz and was completed in 2002.

“We have made a commitment to growing our condominium portfolio by enhancing our best practices through the implementation of a customer-focused management approach, which includes providing corporate support and services that meet or exceed our client's expectations,” says Matt Fiascone, president of Chicago-based Habitat. “We're honored to bring our experience in managing luxury, urban residential properties to the homeowners at Park Place.”

Fiascone notes that prior to hiring Habitat, the distinctive red-façade building with contrasting green-tinted windows was self-managed. “We applaud the condo board and homeowners at Park Place for the work they have done, as managing a building like Park Place is a full-time job. But we're excited to get to work and help the building run as efficiently as possible so homeowners can get back to enjoying actually living in this building rather than overseeing the day-to-day management of it.”

As the new managing agent of Park Place, Habitat officials say they will optimize procedural efficiencies and maximize cost savings – helping to ensure the association remains a sound investment. As one of the largest developers and property managers in the US, Habitat offers its clients volume purchasing discounts in areas such as property insurance, gas and electricity.

“This isn't the first time we've helped a condo building go from being self-managed to working with a full-service property manager, and the key to every seamless transition has been good communication,” says Diane White, senior vice president of condo management for Habitat. “Our proactive approach in communicating with residents and the board of directors is always centered around our main goal – to enhance the living experience for every condo owner.”

Instant Insights /

Habitat Grows Condo Portfolio in River North

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