Plaza neighborhood apartment tower to be overhauled
A nine-story apartment building east of the Country Club Plaza has been bought for $5.2 million by a Chicago investment group that intends to begin a major remodeling in January.
The buyers, represented by Sean Connelly of the real estate firm 33 Realty, have purchased Plaza Towers, an 84-unit brick building at 209 Emanuel Cleaver II Blvd. The Plaza Tower, located a half-block east of the Plaza-area Winstead’s restaurant, has been home to many college students over the years as well as some long-time residents.
The new owners intend to upgrade the apartments to “condo quality finishes with modern design,” Connelly said.
He said the company expects to end up with one- and two-bedroom apartments that rent for between $945 and $1,200 a month in the fall of 2016.