In the News
SPNA Purchases Kennelly Square Condos
Strategic Properties has purchased the Kennelly Square condo building in Lincoln Park, Chicago. The 22 story, 268 unit building will be renovated and deconverted into apartments. This will be Strategic’s fourth condo deconversion project, and the largest condo deconversion in Chicago. By turning the condos into apartments, Strategic is able to renovate the building with up-to-date features and necessary maintenance—a win-win for condo buildings in need of costly updates. Crain’s Chicago Business says that, “Judging from the interest in Kennelly Square, the deconversion trend isn’t likely to end anytime soon.”
Read more about the purchase in Crain’s Chicago Business.