Wecome Homeowners

Hello Everyone: Welcome all homeowners, property owners and co-operative shareholders to Chicago's only blog with a focus on important issues facing those that live in vintage Chicagoland condominiums, co-operatives and townhomes.

Periodically, I hope to share useful information about property management issues that will benefit your building and effect the value of your home. I have been managing the kind of real estate that you call "home" for 38 years.

I look forward to your comments, as always.

Richard M. Holtzman

Sunday, March 4, 2012

Historic Landmark Peterson Lofts Selects Prairie Shores Management LLC

The historic landmark Peterson Lofts Condominium Associations has selected Prairie Shores Management LLC as their new property management firm. The national landmark property, consisting of 50 loft style condominium apartments, was built in 1917 and designed by Schmidt, Garden and Martin and was constructed for the Peterson Lynotype Company. The ten story facade of the building is faced in cream colored glazed terra cotta. These terra cotta tiles were designed and manufactured by Tiffany and Company. The lobby has terrazzo floors, marble colums and a cast iron staircase that leads to the second floor. The floors, built to take the load of printing presses, are 11 inches thick, making this a very quiet building. The Peterson Lofts were converted to residential condominiums in 1995.

Prairie Shores Management LLC competed against 21 other Chicago area condominium management firms for the opportunity to manage this wonderful landmark building.