Park Tower
Park Tower (2nd from left, in 2006)
Park Tower and Mall is located in Chicago metropolitan area
Park Tower and Mall
Park Tower and Mall is located in Illinois
Park Tower and Mall
Park Tower and Mall is located in the United States
Park Tower and Mall
General information
TypeCondominium
Address5415 North Sheridan Road
Town or cityChicago, Illinois
CountryUnited States
Coordinates41°58′49″N 87°39′17″W / 41.98028°N 87.65472°W / 41.98028; -87.65472
Construction started1971
Completed1973
Governing bodyPark Tower Condominium Association
Height513 feet (156 m)
Technical details
Floor count54
Lifts/elevators6 in the tower, 2 in the mall
Design and construction
Architecture firmSolomon Cordwell Buenz
DeveloperMarshall Holleb
Other information
Public transit access Red at Bryn Mawr (Berwyn is closed for construction)
Website
ptcondo.com

Park Tower is a lakefront high-rise residential building in the Edgewater community area in Chicago. It is one of the largest all-residential buildings in Chicago and the second-tallest building in Illinois outside of downtown Chicago.

Development

Originally constructed as 5415 EdgewaterBeach, on the former site of the Edgewater Beach Hotel, it was renamed Park Tower and Mall in 1979 when it was converted from apartments to condominiums by Robert Sheridan & Partners. Eight of the original 728 apartments have been legally merged into four units, leaving a total of 724 condos. Some other condos have been physically merged, to varying degrees, without being legally merged.

Each of the 52 residential floors had an identical layout, originally consisting of 14 units each. The original units range from 565 to 1,258 square feet. The four legally merged units range from 1,815 to 2,516 ft2. Total residential space is over 580k ft2.

Amenities

The property includes a party room, an underground parking garage that holds over 300 cars, a bicycle storage room, a laundromat, an indoor swimming pool and hot tub, outdoor wading pool, rooms with weight lifting and cardio equipment, saunas, and a racquetball court. Many of the building's amenities are not included in residents' monthly assessments.[1]

Mall

Attached to Park Tower, at 5419 N Sheridan Rd, is an indoor shopping mall with 16 commercial units.[2] Originally intended for retailers and services targeting Park Tower residents, including Jonathan Livingston Seafood, Edgewater Market Ltd. (Centrella), The Bike Stop, Brass Bed Emporium, and a pharmacy, [3] the only remaining retailer is family-owned Chicago-area supermarket chain Go Grocer.[4] The remainder of the units have been converted to office space, much of which has been taken by Lettuce Entertain You Enterprises.[5] Park Tower Condominium Association, the governing body for Park Tower and Mall, uses one of the mall offices. The mall also has a First American Bank ATM and public UPS, USPS, and FedEx drop boxes.

See also

References

  1. ↑ "Assessment and Fee Adjustments Coming March 1st". 3 March 2023.
  2. ↑ "Building". 9 July 2014.
  3. ↑ McNally and Quinn Records, Ryerson and Burnham Art and Architecture Archives, The Art Institute of Chicago, Box 7 Folder 13 and Portfolio 4.4
  4. ↑ "Locations".
  5. ↑ "Lettuce Look Back: Highlights of Lettuce Entertain You from 1971 - Today".
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