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New owners fill Howard high rise

New owners of the 17-story apartment building at 415 Howard St. say they've raised occupancy rates in the building from 64 to 94 percent.

Owners Crossbeam Capital LLC and Concierge Asset Management say they've poured $2.2 million into upgrading the two-year-old building and enhancing its amenities.

New owners of the 17-story apartment building at 415 Howard St. say they've raised occupancy rates in the building from 64 to 94 percent.

Owners Crossbeam Capital LLC and Concierge Asset Management say they've poured $2.2 million into upgrading the two-year-old building and enhancing its amenities.

They held a re-opening ceremony Thursday night at what they're now calling 415 Premier Apartments, where they presented a $9,000 check to the city, to match $9,000 recently allocated by the city to help launch a Howard Street merchants association.

Maxwell Drever, founder and chairman of Houston-based Concierge, said, the firm has a long-standing tradition of investing in "transformative residential developments" that improve residents' lifestyle and improve the neighborhood. are catalysts in improving an individual’s or family’s lifestyle and in positively impacting the neighborhood.

Richard Devaney, president of Maryland-based Crossbeam Capital, said the firms had received "tremendous collaboration, cooperation and support" from Alderman Ann Rainey, 8th Ward, and other city officials.

Rainey said the 221-unit building, with the newly renovated Howard Street CTA station down the block, creates "the quintessential transit-oriented community supported by the full-service retail and commercial Gateway Shopping Centre just across the street."

Formerly known as Skyline at Evanston, the building was completed in 2008 by Bill Walsh, president of Bristol Chicago Development. After Walsh died, Crossbeam/Concierge, eager to enter the Chicagoland market, stepped in and acquired the rental property earlier this year.

The new owners vowed to "build on Bill Walsh’s dream to provide a high-rise luxury lifestyle on Howard Street that has real value for the residents," Drever said. "By offering appealing rents, our on-premise property manager Dana Carroll and her team were able to raise 415’s occupancy from 64 percent when we took over, to 94 percent today."

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