2101 S. Michigan Ave. Chicago, IL
Ansonia identified value in transitioning this 250-unit apartment property from 100% affordable to mixed-income status, and repositioning it to compete with newer market rate properties in Chicago’s rapidly developing South Loop. A renovated lobby, new resident amenities, and newly decorated residential hallways and common areas will present a new image for the property, complemented by a newly landscaped entry and exterior accent lighting. Improved service and resident comfort are top priorities, and Ansonia’s changes include a new high-touch 24-hour door staff, anytime online access to a resident portal for entering work orders and making payments, new coin-free laundry machines with online monitoring via smartphone, Wi-Fi in amenity areas, and converting the property to completely smoke-free status. Ansonia also identified targeted operational and capital improvements to reduce the property’s energy consumption and improve resident control of heating and cooling.