''So far we`ve attracted a number of out-of-towners, particularly from the coasts, who understand what this building is all about. ''We`ve been surprised by the demand for large apartments,'' Epstein said. The mix of tenants ranges from empty-nesters to families 10 of the 35 units leased to date are occupied by families with children. Sue Buchen, leasing director, said 14 of the 49 apartments are still available. Covered parking is $130 monthly, and the upper deck is $85.
Monthly rents with one to three-year leases range from $1,850 to $4,250 plus parking in the new two-deck auto facility. The smallest living room is 16 by 20 feet a typical bedroom is 13 by 14 feet. The two-, three- and four-bedroom apartments include two to four baths and range from 1,640 to 3,950 square feet. ''help'' were in a roof-story added at the west end of the building.Įpstein cited individually controlled and metered baseboard radiation heat, all new European-style kitchens with new appliances, central air conditioning and baths with patterned ceramic tile, new hardware, mirrors, bathtubs and fixtures. The building that ''solved the servant problem'' provided rooms and baths on the first floor for chauffeurs and butlers. The original units offered a salon, living room, dining room, breakfast room, solarium, five bedrooms (each with private bath), kitchen, service room, small laundry room, three maids` rooms with bath and servants hall. Sumner Walker in an early news report of the new apartments. ''Occupants of the building will be able to reach the loop district in 12 minutes by auto,'' gushed leasing agent E. Apartments that faced Sheridan Road (Lake Shore Drive) were 50 percent more expensive than units along Roscoe Street. Original rentals of $11,500 to $12,500 a year were paid quarterly with leases of five to 10 years. Schaefer, who at that time spent $200,000 to decorate and furnish his 8th-floor apartment. Morse was a piker compared with his neighbor, millionaire Peter J. The Economist, a weekly real estate publication that preceded today`s Realty & Building, reported in 1921 that ''he is working out some very elaborate decorations expending probably $60,000.''Ĭol. Morse, vice president of Fairbanks, Morse and Co., who combined two apartments into one with 20 rooms and nine baths. He occupied the entire 10th floor penthouse with what was described at the time as an ''aerovilla.'' Goetz, president of Para Rubber Tire Co., built 3400 in 1920 at a cost of $1.5 million for land and building. In all, Epstein said the rehab involved redoing a total 130,000 square feet of rentable space on nine floors plus the three-penthouse 10th floor.
The entrance was restored to its original design. The north carriage entrance with its porte a cocher has been reopened as a dropoff for the newly constructed card-key security indoor/ The building roof was replaced and the Bedford stone facade cleaned and tuckpointed. The main lobby has been repaneled in mahogany wood-paneled elevators were refurbished totally. Terrazzo floors were installed in first floor common areas, elevator lobbies and halls.
Restoration included removing false ceilings and preserving or repairing original marble fireplaces as well as vintage ornamental plaster and moldings.