Waterton has acquired The Mason, a 263-unit, 14-story high-rise apartment community in downtown Chicago. Located at 180 N. Ada St. in the Fulton Market district, The Mason features studio, one-, two- and three-bedroom apartment homes.
Waterton plans to implement a light value-add program, including in-unit flooring upgrades and enhancements to common areas and amenity spaces. “The Mason is an excellent addition to our portfolio, and we are thrilled to be back in the West Loop neighborhood of Chicago,” said Casey Mog, vice president, acquisitions at Waterton.
“The favorable supply and demand dynamic in downtown Chicago, combined with the quality features of the units and common areas in this dynamic West Loop location, makes The Mason an attractive investment opportunity.”
Situated in Fulton Market at the corner of Ada Street and Lake Street, The Mason offers convenient access to top employment hubs, including the McDonald’s world headquarters, Google’s regional headquarters, Trammell Crow’s Fulton West and 400 Aberdeen Life Sciences campuses.
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