ESG Kullen Acquires Condo Property in Chicago for $107M, Plans Deconversion

Gold Coast sale marks Chicago’s largest deconversion

New York-based ESG Kullen has acquired 1400 N. Lake Shore Drive in Chicago for approximately $107 million. The sale will see the 391-unit, vintage condo building open up to rentals in the city’s largest deconversion to date. The transaction took place on November 22,...
Big Gold Coast condos-to-apartments deal closes—finally

Big Gold Coast condos-to-apartments deal closes—finally

The miracle on Lake Shore Drive? At $107 million, it’s the most ever paid in a condo deconversion in Chicago—and possibly the country. It took nearly a year and a half, lots of lawyering and a “Hail Mary pass,” but a New York investor has finally...