Chicago-based Convexity Properties has awarded the contract to act as managing agent for 4 East Elm to Seneca Condo, a division of Seneca Real Estate Group, Chicago. The luxury residential property has 35 condominiums at 4 East Elm in Chicago, featuring full and half floor residences of 3095-3135 sf, 3 bedrooms and 3.5 baths. The building’s location in the gold coast features prestigious shopping and dining steps away, as well as an array of amenities including; secure indoor garage parking, dedicated north and south elevators with secure keycard access to individual property owner’s floor, 15′ ceilings in the lobby, 24 hour Door Staff, landscaped sundeck with several seating areas, outdoor pool and spa, conference area, full kitchen, living room area with comfortable seating and TV, screening room with plush theater seating and state-of-the-art A/V system, fitness center with cardio equipment, free weights and stretching area. 4 East Elm is also a LEED Certified Building.
“This is an absolute first-tier residential property that offers owners the opportunity to enjoy a 5 Star Hotel lifestyle everyday” stated Jeremy Kerman of Convexity Properties, adding “with such an exceptional new construction project at this address, amidst some of the most upscale shops and restaurants in the world, choosing an agent to manage this property and meet the needs of these residents was a huge decision. We chose Seneca Condo for their outstanding experience and their approach to managing high-end properties. They get it.”
Brian F. Lozell, CPM of Seneca Condominium Management spelled out the important components of managing a property of this caliber. “Responsiveness, Assign a comprehensive team of professionals to the property, have the best engineering, the best service professionals, and assure your Door Staff is at the highest level of knowledge and security”, is how Lozell defines it. “Convexity has a very high standard of how they wish this property to be portrayed, and that is of a 5 Star Hotel. It’s our responsibility to put that team together and manage this very prestigious property precisely that way on a day to day basis. As a boutique company that performs this work in the Gold Coast and elsewhere, we understand and were very anxious to accept this responsibility. It’s exactly what we do. We’re obviously very pleased to be chosen.”
Chicago-based Convexity Properties is an affiliate of DRW Real Estate Investments, the real estate arm of DRW Holdings. Convexity and DRW Real Estate Investments have successfully developed and recapitalized a number of high-profile retail, residential and hotel properties both in Chicago and throughout the United States. Recent projects include the retail redevelopment of the Esquire Theater at 58-104 E. Oak Street, a luxury apartment tower and Loews Hotel in Streeterville, and the Hotel Jerome in Aspen, Colorado.
Seneca Real Estate Group is a real estate advisory and management company that provides leasing, brokerage and asset management services to mid-market residential, condominium and commercial (office, industrial and retail) properties in and around Chicago. A roll-up-your-sleeves, hands-on approach of a mid-sized firm coupled with the big business expertise of the company’s founders, Thomas Morabito and Joe Padorr, allows Seneca Real Estate Group to maximize both the intrinsic and actual value of all the properties they touch. BrianLozell is the Director of Condominim Management for Seneca Condo, a division of Seneca Real Estate Group. Mr. Lozell is also the Chicago Chapter President of IREM.
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