Elite Invest Moves Construction and Property Management Headquarters to Iconic South Shore Building
Company purchases famous building in a vital area to enhance community outreach and expand footprint on city's South Side
CHICAGO, Oct. 6, 2015 /PRNewswire/ -- Elite Invest (www.eliteinvest.com), a leader in the purchase, restoration and rental of multi-family dwellings within the South Side of Chicago, announced today the company's relocation of several divisions to Jackson Park.
The company purchased a 14,000 square foot historic office building at the corner of Yates Blvd and 71st Street. The building's interesting triangular shape makes it one of the most recognizable and iconic structures in the area.
The building once housed the office of Alderman Sandi Jackson – wife of former congressman Jesse Jackson Jr.
Elite Invest is famous for it's progressive design and ingenuity in interior modernization, and plans to move into the space in approximately 60 days, once it has completed a rehabilitation and added its signature finishing touches.
This premier location is within a rapidly developing area of South Chicago, and with its proximity to Lake Michigan and the Jackson Park Golf Course, and the probability that the Obama Library will be built nearby, the region is taking on national significance.
The area is also the epicenter for a global initiative for innovative living. A plan for redevelopment of the area will change not just Chicago's Southeast lakefront, but the entire region – with a new, dynamic and diverse community, next generation infrastructure, innovative architecture and lakefront access – all surrounded by a vibrant mix of residential, retail and commercial space, a new high school, and a 1,500 slip marina. The project will create the ultimate, world-class urban experience.
As a leader in revitalizing South Chicago, Elite Invest, LLC decided to make the South Shore its new home for the company's Construction and Property Management offices. The new office will expand the company's footprint in Chicago's South Side, and will create a more immediate and accessible headquarters for community outreach and services.
"We are pleased to make this acquisition for the new headquarters of our key community divisions" said Sunny Lamba, Co-Founder of Elite Invest. "We were looking for a prominent building in an area with great growth potential, and this provided a perfect match to both our current needs and our vision for the future."
Elite Invest has plans to grow to nearly 50 employees within the next 6-months, and is currently raising capital from Canada, Hong Kong, Singapore, Chicago and California to invest in and grow its operations.
For more information on Elite Invest, please call 312-690-7711, or visit: www.eliteinvest.com
About Elite Invest:
At Elite Invest, the core mission is to rehabilitate and revitalize Chicago neighborhoods. The company brings investment dollars into select communities and purchases distressed assets, rehabilitates them, and subsequently rents and manages the property. In doing so, the company improves many lives by creating commerce as well as jobs for the construction industry, while increasing the standard of living for communities, with fresh and modern designed homes.
The company also provides turn-key passive real estate investments for investors worldwide, who want to capitalize on the immense opportunities in Chicago real estate.
Elite Invest, LLC currently owns or manages over 450 rental properties.
Connect:
Website: www.eliteinvest.com
Facebook: facebook.com/EliteInvestLLC
Twitter: @EliteInvestChi
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SOURCE Elite Invest
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