Fifield Named Chicago Developer of the Year

Alta at K Station, Chicago

Alta at K Station, photograph courtesy of Fifield Companies

Fifield Realty has been named Developer of the Year in Chicago.  I won’t go too much into this because the entire press release is attached to this message.  But I like Fifield’s recent projects because they have taken an ugly corner of Chicago and helped transform it into a nice community.

Why would I mention an award that’s so “inside baseball” here?  Because Fifield’s PR company bothered to let me know about it.  For some reason certain developers (Fifield, Hines, etc…) are more than happy to add editor@chicagoarchitecture.info to their press release distribution list, while others (currently remaining nameless) ignore this blog because it’s not national in scope, or backed by a big company like AOL.  Go figure.  I guess the thousands (yes, thousands) of people like you who read this blog each week aren’t worth their effort.

(In the interest of full disclosure, I recently considered moving to Fifield’s Alta at K Station building, but decided against it because it isn’t a good value when compared with other options in better locations.)

Fifield Realty Named Developer of the Year at 2011 Chicago Commercial Real Estate Awards

CHICAGO (Monday, March 14, 2011) – Chicago-based Fifield Realty, the development arm of Fifield Companies, was awarded Developer of the Year at the 23rd annual Chicago Commercial Real Estate Awards on March 10, 2011 at the Hyatt Regency Chicago. Steven and Randy Fifield, of Fifield Companies, accepted the award.

The Chicago Commercial Real Estate Awards recognized the outstanding architects, designers, developers and brokers of 2010. One of the city’s most-respected awards ceremonies for the commercial real estate industry, the awards dinner is also a benefit for the Greater Chicago Food Depository, Chicago’s food bank. This year, more than 1,500 attendees were on hand to help raise $800,000 to support hunger-relief programs.

Awards were presented in 16 categories. Nominees were picked by an industry panel and winners were decided by a secret vote of the award dinner’s ticket buyers.

“We are very grateful to accept the title of Developer of the Year,” said Steven Fifield. “As our peers know, 2010 was an extremely challenging year for the commercial real estate market. For those of us who had been through a market down-turn before, we knew if we stuck to the fundamentals of what makes a good project, we would come out on the other side.

“So for us, this year’s awards ceremony was really a celebration for the industry as a whole and all of those Chicago developers who are still standing after three tough years,” he continued. “We all dug down deep to get deals closed and projects completed on time.”

For Fifield Companies, and its joint-venture partner Pacific Life Insurance Co. of Newport Beach, Calif. that meant completing the two-tower, 848-unit apartment complex in the West Loop called Alta at K Station. The complex is the largest Gold LEED-certified apartment building in the country.

Alta at K Station is comprised of two towers, the 420-unit West Tower, which opened in March 2010 and is already more than 70 percent leased, and the 428-unit East Tower, which opened in June 2010 and is more than 50 percent leased.

According to Randy Fifield, Alta at K Station was the fastest-leasing luxury apartment building in downtown Chicago in 2010.

Located at 555 W. Kinzie St., Alta at K Station offers studio, one- and two-bedroom floor plans with one to two baths available in each tower. Floor plans range from 508 to 1,807 square feet with rents starting at $1,455 per month. Residences have floor-to-ceiling windows; kitchens with granite countertops and stainless steel appliances; ceramic tile baths with oversized vanities; in-home laundry areas with washer and dryer; and individually controlled four-pipe heating and air conditioning systems.

Residents of Alta at K Station have access to a host of on-site amenities, such as a 32,000-square-foot amenities deck called K2 club that includes a full-court indoor sports court for basketball, volleyball, tennis and various exercise classes. K2 also offers a resident lounge; party suite and private balcony equipped with outdoor seating and a grill; business center; 23-seat stadium-style theater; men’s and women’s locker rooms, each with a sauna; and two state-of-the-art workout areas featuring Technogym equipment with individual TVs and iPod compatibility.

For entertainment, residents can check out Wii, Xbox or PlayStation equipment from the K2 concierge, offered through property manager Lincoln Property Company. K2 also features an outdoor sun terrace with an Olympic-sized pool, outdoor spa, private cabanas, gourmet grill kitchen and a gas fire pit.

Additionally, Alta offers 24-hour maintenance and door staff and an on-site valet dry cleaner.

Residents of Alta at K Station can enjoy numerous outdoor conveniences, such as the adjacent 1-acre THEpark at K Station, which has terraced green space, walking paths, a large playground, seating areas and a fenced-in dog run.

For more information on Alta at K Station, call (312) 880-4800 or visitwww.altaatkstation.com. Lincoln Property Company is the leasing and management firm for Alta at K Station.

Fifield Companies is one of the nation’s premier developers of urban office towers, luxury high-rise rental apartments and condominiums. Established in 1977, Fifield has earned a reputation for creating superb living and office environments in some of the country’s most renowned locations, including Chicago, Ft. Lauderdale, Los Angeles, San Francisco, Washington DC, Las Vegas, Dallas, Austin and Honolulu. Fifield has completed more than 50 projects in the United States worth more than $4 billion. For more information, visit www.fifieldco.com.

Author: Editor

Editor founded the Chicago Architecture Blog in 2003, after a long career in journalism. He can be reached at chicagoarchitectureinfo@gmail.com.

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