Tag: apartment leasing

Luxury Living Chicago Realty Earns Finalist Spots in Multiple Categories and Takes Home Executive of the Year at Illinois REjournals Real Estate Awards

Posted on by LLCR Team

Illinois Real Estate Journal recently announced finalists for its 2022 awards program, and Luxury Living Chicago Realty is a finalist in multiple categories. At the live awards ceremony, CEO Aaron Galvin took home the honor of Executive of the Year category. The firm was also a Finalist in the Professional Service Company of the Year category. Learn more about how we earned our finalist nominations by reading below.

 

Executive of the Year – Aaron Galvin

 

With established pandemic policies in place and a renewed focus on growth, Aaron Galvin, CEO and Founder of Luxury Living Chicago Realty, took the company to new heights in 2021.

 

LLCR received multiple awards and recognitions in 2021, including once again being named to the 2021 Inc. 5000 List of Fastest Growing Companies. The company was also named a finalist in two categories for PR Daily’s Content Marketing Awards – “Content Marketing for the Purpose of Lead Generation” and “Thought Leadership Campaign”.

 

As in past years, Aaron led the way as an innovator and trailblazer, working closely with Chicago’s real estate media and multifamily trade publications and publishing multiple articles featuring real-time insight and teachings.

 

Additionally, Aaron hosted the Chicago Luxury Apartment Market Update in March. The virtual conference featured industry insights with more than 300 attendees joining in live. Aaron also served as the keynote speaker for his industry peers, which included everyone from developers and property managers to investors­.

 

Expanding into fresh territory, Aaron also has LLCR expanding into building its first co-development and joint venture with Mavrek Development and GW Properties. The property includes 248 Class A luxury apartments, 40,000 square feet of office, and 8,000 square feet of street-level retail on the northeast corner of E Grand Avenue and N St Clair.

 

 

Professional Services Company of the Year

 

Luxury Living Chicago Realty continues to meet and exceed expectations within the industry, hitting multiple milestones in 2021. With 3,000+ apartments in their leasing portfolio, the company remains an authority on marketing and leasing luxury properties in the Chicagoland area. The most notable exclusive leasing assignments include Wolf Point East, Wolf Point West, Logan, Panorama, River City Apartments, Norweta, and One Oak Brook Commons.

 

By April 2021, exclusive leasing and marketing assignments Norweta, The Jax,and Logan Apartments reached leasing milestones of at least 95% leased.

 

The company’s Wolf Point East, an iconic apartment tower above the Chicago River, hit 95 percent leased in June 2021, exceeding all leasing metrics throughout the lease-up.

 

Panorama, a new BlitzLake development in Chicago’s Lakeview neighborhood, hit the 100% leased milestone in July 2021. The 140-unit luxury apartment building began leasing in January of last year.

 

Holding nearly 35% of the new luxury leasing market share in downtown Chicago, LLCR’s experience and commitment continue to resonate with its consumer base. Additionally, the company continues to launch new leasing projects in the Chicago suburbs and looks forward to ongoing expansion and growth.

Luxury Living Chicago Realty Recognized for Excellence With Three 2022 CAMME Awards from the Chicagoland Apartment Association

Posted on by LLCR Team

At this year’s annual CAMME Awards, hosted by the Chicagoland Apartment Association (CAA) on April 29, 2022, Luxury Living Chicago Realty was recognized with three CAMME Awards for excellence in the Chicagoland rental housing industry. Learn more about each award below.

 

2022 CAMME Award Wins

 

 

Associate Website

Our Objective

Our brokerage-focused website – www.luxurychicagoapartments.com – was built to be a consistent resource for Chicagoland luxury renters. With the goal of informing our clients, we produce guides, checklists, blog posts and more to empower renters to learn about Chicago’s luxury apartment market, local nuances and more.

Our Target Market

Our target audiences are renters relocating to Chicago, renters living in downtown Chicago looking for guidance in their apartment search, homeowners looking for a pied-a-terre or downsize, and past clients. Our team has helped thousands of luxury renters find a place to call home. 

The Result
Our easy-to-navigate website filled with resources, blog posts, beautiful and comprehensive apartment inventory, LuxuryChicagoApartments.com has generated nearly 5,000 leads (4,976) from January 1, 2020-December 31, 2021. With 2021 seeing a 20% growth in leads compared to 2020.

 

Property Website

Logan Apts. is a Class A multifamily development in Chicago’s Logan Square neighborhood. The neighborhood has seen many changes in recent years as chef-driven restaurants, new housing and retail conveniences have moved into the area. Logan itself was built on the site of a demolished Discount Mall on an undeveloped stretch of Milwaukee Avenue.

When our teams began working on branding & marketing, we selected “Logan” as a name to humanize the project and center it on building relationships with the Logan Square neighborhood. Our communications strategy leveraged this connection, using the website as an instrumental tool for keeping the community informed.

We knew the project was going to be transformational for Logan Square, so we set out to build a website that both established the Logan brand and drove leads all while showcasing the positive impact of Logan on the community.

We secured the URL LiveLoganChicago.com, which hosted the website designed and built by Luxury Living Chicago Realty. 

The Result

Following the launch of our website in January 2020, we saw early success by connecting with our email and retargeting lists built from the Logan Apts. landing page. In total, 1,697 submissions were generated by the landing page.

We successfully reached our target personas, and the building was 90% leased by March 2021. From January 2020-March 2021, the majority of the executed leases were from residents that were already living in Logan Square or were relocating from out of state. The majority of residents are aged 25-35, 44.7% live alone and 35.9% are unmarried couples.

From January 2020–March 2021, LiveLoganChicago. com received 131,115 unique website sessions with an average session length of 0:47 seconds.

Logan’s website continues to be at the center of everything we create, and every campaign is set up to measure success or quickly adapt based on insights from our leasing data. 

 

Social Media Program

Wolf Point East is a 698-unit luxury apartment community located at the intersection of the three branches of the Chicago River. Our social media strategy began early on during construction and evolved to communicate progress, leasing milestones and resident activity. 

Running the luxury apartment building’s social media marketing, our content prioritizes Instagram and extends to Facebook, Google Business, and affiliate accounts through TikTok. This combination maximized exposure through impressions and reach to Wolf Point East’s target market of renters.

From September 1–December 31, 2021, our numbers continue to increase: 

  • Instagram posts, reels and stories reached 97,400 accounts with 1,803 accounts engaging with Wolf Point East’s content 
  • Wolf Point East’s Google My Business account had over 100,000 total views with 12,000 actions (website visits, request directions, call) and 86,200 total searches for the property 
  • Facebook had 114,700 total page reach with 2,800 of the reach being organic. There were 180 total reactions (likes, comments, and shares) 
  • From 24 posts, 48 stories, and 1 reel, Instagram reached 31,900 accounts and gained 144 new followers. The account also received engagement from 795 accounts 
  • Luxury Living Chicago Realty posted a tour of Wolf Point East’s penthouse on the company’s TikTok profile that generated 15,100 video views and 15,800 reach

 

For a complete list of 2022 CAMME Award winners, please visit www.cammeawards.com.

 

Learn about our multifamily leasing services here.

 

Luxury Living Chicago Realty Hits Leasing Milestones at Norweta, The Jax, Logan Apartments and Wolf Point West

Posted on by LLCR Team

Luxury Living Chicago Realty is pleased to announce exclusive leasing and marketing assignments Norweta, The Jax, Logan Apartments and Wolf Point West have reached leasing milestones and are at least 95% leased.

“In January and February 2020, we leased 284 units, and the market was very strong. In January and February 2021, we leased 550 units – a 93% increase,” said Aaron Galvin, CEO and Founder of Luxury Living Chicago Realty. “This unseasonably high leasing velocity is a great start to a new year and helped us achieve numerous milestones at properties we are exclusively marketing and leasing.”

Norweta

Norweta, developed by Boston-based Broder Development, features 40 luxury apartments and 32 condominium residences. The apartments are 100% leased, and Luxury Living Chicago Realty is the exclusive marketing, leasing and sales brokerage for both the rental apartments and for-sale condominiums.

“Throughout the pandemic, we’ve seen that renters will pay for the best of the best, and condo buyers are seeking more space and extraordinary finishes, and this has held true especially at Norweta,” said Galvin. “Norweta has raised the bar for rental residences in Chicago. Each apartment and condo features the highest level of finishes, expansive layouts and private outdoor space. The apartments and condos at Norweta live like a single-family home but enjoy the benefits of best-in-class on-site property management and thoughtful amenities.”

The Jax

The Jax is a 166-unit apartment development in the West Loop, developed by LG Development. This luxury apartment building offers studio, one-bedroom and two-bedroom floor plans.

“The Jax fills a unique space in the West Loop and caters to the luxury renter that does not require every amenity, but wants quality finishes and well laid out floor plans paired with a prime location,” said Galvin. “Buildings like The Jax performed well during the pandemic for many reasons including already lower pricing in a competitive market and less emphasis on amenities. The property’s close proximity to the Illinois Medical District also helped as that area continues to thrive, even in the pandemic.”

Logan Apartments

Logan Apartments, located in Chicago’s Logan Square neighborhood, features 220 luxury apartment units ranging from studio to two-bedroom floor plans. The property also includes 62,000 sq. ft. of retail including the neighborhood’s first Target, a welcome addition to the neighborhood. This mixed-use multifamily property was jointly developed by Fifield Companies and Terraco Real Estate.

“The leasing success at Logan Apartments is a great example of how Chicago’s luxury renter socio-economic composition has not changed from 2019 to 2020,” said Galvin. “For the most part, these are neighborhood renters who maintained employment through the pandemic, were able to work remotely, and are most likely to have increased compensation and disposable income as the economy recovers materially in 2022 onwards.”

Wolf Point West

Wolf Point West, located at 343 W. Wolf Point Plaza along the Chicago River, features 509-luxury apartment units and offers studio to two-bedroom penthouse floor plans. Wolf Point West delivered in 2016 and is owned and operated by Hines,  Magellan Development, Wolf Point Owners LLC and the AFL-CIO Building Investment Trust. Wolf Point Owners LLC is a part of Park Holdings Group LLC which is the principal investment entity of the Kennedy Family.

“While our company is best known for luxury lease-ups, the pandemic brought on new opportunities to oversee marketing and leasing at previously stabilized properties,” said Galvin. “In addition to reaching 95% leased at Wolf Point West, we have also optimized the lease expiration schedule and positioned the property for ongoing success and future price increases.”

LLCR’s exclusive leasing portfolio consists of various types of Class A properties from the newest most upscale lease-ups to stabilized properties. LLCR oversees marketing and leasing for fifteen multifamily properties comprising nearly 3,800 apartments in downtown Chicago. The brokerage firm is also currently consulting for a number of developers for future skyline-changing ultra-luxury multifamily developments set to deliver in 2023-2025. 

Luxury Living Chicago Realty Hits Leasing Milestones at Norweta, The Jax, Logan Apartments, and Wolf Point West

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