CHICAGO, July 6, 2020 /PRNewswire/ -- Common, the nation's leading residential brand that designs, leases and operates community-oriented multifamily properties, today announced the opening of its new Chicago 223-bed flagship property Common Addams in partnership with Chicago coliving pioneers City Pads. Located at 1401-1431 W 15th Street with 59 apartments, Common Addams is the company's largest multifamily property under management in Chicago and its fourth with City Pads. Common Addams offers an attainable all-inclusive residential option for the often underserved workforce in the Illinois Medical District, competitively priced starting at under $900/month.
"Now more than ever, Chicago residents need affordability and reliability in the places they call home. As the world changes, Common is committed to continuing to meet the needs of renters, and the beautiful apartments and thoughtful amenities in Common Addams do just that," said Common founder and CEO Brad Hargreaves. "We're so lucky to have found such a complimentary partner as City Pads to bring Common Addams to life and increase the housing stock for a neighborhood that truly needs it-- the Illinois Medical District."
Common Addams tops out at four stories, 59 suites and 223 beds, with over 4,000 square feet of amenity spaces and on-site parking garage. This includes 300 square feet of furnished lounge space on each floor, a fully-equipped gym, meditation room, and remote work spaces. Last but not least, Common Addams features a fully-furnished roofdeck with couches, tables, lounge chairs, grills, and 360-degree city views, perfect for spending a day in the sun, or getting fresh air while you work. Typical of Common properties, Common Addams' rent includes all utilities, high-speed wi-fi, furniture, weekly cleanings, shared supplies, free laundry, and pre-stocked household essentials. Residents will also get access to Connect by Common, Common's proprietary technology that makes payments, roommate communication, and virtual events easily available online.
"We are proud to see Common Addams open its doors and deliver on our promise to provide Chicago with its first large-scale coliving development," said Andy Ahitow, Founder of City Pads. "Bringing new housing to a city in desperate need of alternative and accessible residential options is core to our mission, and I love seeing Chicago's medical community benefit from this living experience."
Common Addams is ideally located in Little Italy between the Illinois Medical District, home to the state's largest concentration of hospitals, a tech hub, and two universities, and Pilsen, one of the cultural centers of Chicago. Renters can walk to work and class, and spend their free time at Addams-Medill Park across the street. For those working in the medical field, Common Addams is conveniently located only a 15 minute walk away from Stroger Hospital and The University of Illinois Hospital, or a 7 minute drive from Mount Sinai and Saint Anthony Hospital.
Common opened its first Chicago home in 2017 its current Chicago portfolio includes Common Simonds, Common Maplewood, and Common Racine also in partnership with City Pads as well as Common Briar and Common Damen. Common is offering virtual tours of Common Addams and all of its properties across the country. Visit the Common Addams website to arrange a personal, virtual tour. For more information about Common, visit www.common.com.
Common is the nation's leading residential brand that designs, leases, and manages multifamily properties to appeal to today's renters. Through smart design and tech-enabled operations, Common offers convenience and community to members through coliving, microstudio, and traditional apartment layouts. With over 2,600 residents in eight markets, Common is the preferred choice for city-dwellers looking for a stress-free and all-inclusive living environment from a trusted brand. Launched in October 2015, Common operates homes in New York City, Chicago, Los Angeles, San Francisco, Fort Lauderdale, Philadelphia, Seattle, and Washington, D.C. and receives over 15,000 new member applications per month. Common is also a platform that includes the real estate brands Kin, for urban families, and Noah, for workforce housing. To work with us visit Common.com/partners or follow us on instagram at @common.living.
About City Pads
City Pads is a multifamily real estate investment and development firm founded under the belief that housing in Chicago needs to do better. They did not start with a building, but with a philosophy. They endeavor to make city living something special. Everything City Pads does, from how they design their lobbies, to how they engage tenants, is seen through that lens. With a portfolio of 15 buildings and $35 million of properties under development, City Pads is passionate about removing the things that make city living a challenge, so that the things that make it great can shine that much brighter. A pioneer in Chicago coliving, they are committed to bringing high-quality housing to city renters, at prices they can actually afford.
Contact: Molly Graizzaro, [email protected]