{"id":1004118167,"date":"2015-04-24T06:26:08","date_gmt":"2015-04-24T14:26:08","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=342809"},"modified":"2020-04-06T00:23:27","modified_gmt":"2020-04-06T08:23:27","slug":"jmg-realty-empire-square-group-acquire-482-bed-student-housing-community-in-chicagos-west-side","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jmg-realty-empire-square-group-acquire-482-bed-student-housing-community-in-chicagos-west-side\/","title":{"rendered":"JMG Realty, Empire Square Group Acquire 482-Bed Student Housing Community in Chicago\u2019s West Side"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_342810\" class=\"wp-caption alignright\" style=\"width: 210px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/410-s-morgan-ne-elev-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-342810 \" title=\"410-s-morgan-ne-elev-2\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/410-s-morgan-ne-elev-2.jpg\" alt=\"\" width=\"200\" height=\"200\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>Automatic Lofts<\/em><\/p>\n<\/div>\n<p>A joint venture between Atlanta-based JMG Realty and Empire Square Group of New York City has purchased Automatic Lofts, a 482-bed student community on Chicago\u2019s West Side.<\/p>\n<p>The building located at 410 S. Morgan\/1001 W. Van Buren was formerly home to the Automatic Electric Co., known for developing the Strowger electromagnetic telephone switch. The six-story plant opened in 1910 and housed 850 employees. The property was redesigned by Chicago-based Brush Architects, LLC into a modern student community in 2006, and is listed on the National Register of Historic Places.<\/p>\n<p>Automatic Lofts is conveniently located in close proximity to the University of Illinois at Chicago campus, the Illinois Institute of Art-Chicago, Columbia, Robert Morris and DePaul Universities. Additionally, the community is just steps away from the CTA Blue line station, offering students easy access to popular downtown Chicago destinations.<\/p>\n<p>The community at 410 S. Morgan offers students fully furnished apartments with card key access, a lobby\/lounge with pool table, on-site fitness center and laundry facility, private study rooms, bicycle storage and a heated parking garage. Additionally, the property incorporates 5,800 square feet of ground-level retail space.<\/p>\n<p>JMG and Empire Square intend to implement Gigabit Internet and Wi-Fi in each individual unit, and will invest in enhancements to the common areas and building services over the coming months.<\/p>\n<p><em>Image courtesy of Brush Architects, LLC<\/em><\/p>\n<p><a href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-chicago-multifamily-demand-to-outgrow-supply-in-2015\/1004115966.html\" target=\"_blank\" rel=\"nofollow\">Obtain more data<\/a> on <strong>Chicago<\/strong>\u2019s <strong>multifamily<\/strong> market<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint venture between Atlanta-based JMG Realty and Empire Square Group of New York City has purchased Automatic Lofts, a 482-bed student community on Chicago&rsquo;s West Side.<\/p>\n","protected":false},"author":192,"featured_media":1004506213,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004118167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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