Park Monroe

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65 East Monroe Street, Chicago, IL

Park Monroe
ParkMonroe-Chicago-Exterior.jpg

Exterior of The Park Monroe
Building Information
Developer Glenstar Properties and Walton Street Capital
Architect Shaw and Associates/Goettsch Partners
Management Company DK Condo
Number of Units 167
Number of Floors 49
Year Built 2008
Construction Method Concrete
Type of Roof IRMA
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65 East Monroe Street, Chicago, IL
Distance to Public Transit Within one block
Region Chicago
Municipality Chicago
Zoning DX-16
Title of Land Condominium


Contents

Background

The Park Monroe is a condo conversion completed in 2008 atop an existing office high-rise building constructed in 1972 at Monroe & Wabash. The Park Monroe residences were built on the top ten floors of the prominent office building located at 55 East Monroe which overlooks Millennium Park.

ParkMonroe-Chicago-Logo.gif

A private residential entrance at 65 East Monroe was created for the residents of the Park Monroe, who are ushered in by the appointed doorman to the newly updated lobby. On the top floor is a rooftop indoor swimming pool, hot tub, outdoor garden, media room, and fitness center.

Encompassing half a block without any setbacks, The Park Monroe is one of the larger buildings in Chicago, and forms a strong backdrop against the older buildings on Michigan Avenue. The lobby was renovated in 2001 with landscaping and large paintings, and allows public passage between Monroe and Adams Streets.

The Park Monroe was a bestselling residential condominium, and is said to be the neighborhood's most successful development since its completion. It offers many retailers, including a gourmet coffee shop and dining pavilion, pharmacy, dry cleaner, shoe repair and more. The developers are currently working on the sister tower, Park Monroe 2.0.

The Park Monroe is located in the heart of Chicago’s Cultural Mile, at Monroe Street and Wabash Avenue.[1]

Location

The Park Monroe residences are nearby many restaurants, cafes, grocery stores, boutiques, and nightly entertainment offered by The Loop.

Around the corner is the legendary Art Institute, as well as Millennium Park and Grant Park, the Chicago Cultural Center, and the Symphony Center. Other attractions that are within walking distance are North Michigan Avenue, Navy Pier, and Lakefront trails and beaches.

Access to the subway line is incredibly easy, with the Adams/Wabash station at the doorstep of Park Monroe. Car share programs like I-GO and Zipcar are also located at the doorstep, so transportation is never an issue for the residents.

Also nearby is the Roosevelt University and the Buckingham Fountain - located at Monroe Harbor in Grant Park - where daily and nightly water shows take place.[2]

Construction

The Park Monroe residences are located on the top ten floors of the original office tower, the Mid-Continental Plaza, which is a 583 foot tall skyscraper. The property has a size of 1.57 acres.

The black glass tower of 49 floors was completed in 1972. It is the 52nd tallest building in Chicago. When the Park Monroe residences were converted in 2008, the exterior was re-clad and had balconies added.

The building is constructed of concrete and steel, and its classic and structured look is considered of International architectural style.

The original build was constructed of 10 inch thick concrete flat slabs supported by interior columns and closely spaced perimeter columns. The lateral force resisting system consists of several 12 to 16 inch thick shear walls. The lower level of the building houses commercial space and a 9 level, 300,000 square foot parking garage.

During the conversion, many transformations took place. Since the original build included the 48th floor with the south half as a two-story open space where three large cooling towers were located, the cooling towers had to be removed to make room for the new 49th floor and 10,000 square foot amenity area. In order to provide additional outdoor space for the residents, large openings were cut in the roof slab at the north half of the 49th floor.[3]

Layout and Features

The residences at Park Monroe offer many features like 10 foot ceilings and floor-to-ceiling windows that maximize the panoramic views of Chicago's skyline and Michigan Lake. These views are also said to be "landmark protected" which means they will last a lifetime.

With the majority of the floor plans being two bedrooms, the residences offer luxury dark hardwood floors, European stocked kitchens with custom cabinetry, islands, granite counter tops and stainless steel, as well as large designer baths, fireplaces, and in-unit washers and dryers.

The units also offer balconies or large private terraces.[4]

Floor Plans

There are minimal floor plans available for The Park Monroe. Here is a brief selection.


Amenities

A full line of amenities are offered at Park Monroe including:

  • 24 Hour Doorman
  • Parking Garage
  • Theater Room
  • Rooftop Indoor Pool
  • Rooftop Garden
  • Outdoor Barbeque Area
  • Whirlpool
  • Fitness Center
  • Rooftop Deck
  • Private Dog Run


Bylaws

Park Monroe Bylaws
Rentals Yes
Pets Yes
Age No
Barbecues Yes


Pets and rentals are unrestricted at the Park Monroe.

There are no age restrictions placed on ownership.

Sustainability

The most sustainable part of living at Park Monroe is the easy access to public transportation, as well as the many attractions that can be reached easily on foot.

The units also all have energy-star appliances for low energy use and double-pane windows for low heat loss.

Trivia

The Art Institute of Chicago

Just at the back door of the residences at Park Monroe, is the well-known tourist and local attraction, the Art Institute of Chicago.

The AIC is an art museum located at Grant Park. Its permanent collection has a variation of impressionist and post-impressionist art, and its holdings also include American art, Old Master, European and American decorative arts, Asian art, modern and contemporary art, and architecture and industrial design.

Associated with the School of the Art Institute of Chicago, the museum is overseen by Director and President, Douglas Druick. With a plentiful size at one million square feet, the AIC is the second largest art museum in the United States, being beat only by the Metropolitan Museum of Art in New York City.

The history of the museum dates back to 1866, when a group of 35 artists founded the Chicago Academy of Design, intending to run a free school with an art gallery. By 1878 after the Great Chicago Fire destroyed the building, the academy was in a great amount of debt. Businessmen abandoned the academy, and founded a new organization called the Chicago Academy of Fine Arts.

In 1882, the Chicago Academy of Fine Arts changed its name to the Art Institute of Chicago.[5]


References

  1. Emporis
  2. Walk Score
  3. Wikipedia
  4. Zillow
  5. Wikipedia


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