The Plymouth, located at 417 South Dearborn Street in the heart of the Loop, features 30 apartments and multiple common area spaces including a rooftop club room and fitness center. The Plymouth, a multifamily investment property located in the heart of the Chicago Loop.ĭarrow, Gottlieb and director Matt Feo recently closed another multifamily property leased by Sonder. Notable investors of Sonder include Jeff Bezos, Elon Musk & Alex Rodriguez. Sonder began operations in Chicago in 2015 and operates in popular neighborhoods including Lincoln Park, Lakeview, Wicker Park, Bucktown, the West Loop, Old Town, the Loop and the South Loop. Sonder, the current tenant, offers guests fully furnished, short-term apartment rentals and guests are encouraged to stay anywhere from two nights up to two years. The Opal is currently listed at $16,900,000 by Essex Principals Jim Darrow and Jordan Gottlieb. Plus, the property is within walking distance to Michigan Avenue, Rush and Oak Streets, Chicago's premiere shopping and entertainment destinations, and short walks to Navy Pier, Lake Michigan, and Millenium Park. The property sits on the south side of Erie Street, just east of Clark Street, making it an ideal hospitality location. The two duplex apartments feature private rooftop decks. The apartments feature beautiful high-end finishes including LVT flooring, stainless steel appliances, white quartz counters, custom tile backsplash, floor to ceiling windows, individual HVAC and laundry in-unit. He continued, “Sonder, Inc.’s master lease offer provides the owner with a very attractive tenant and a stable income stream.”īuilt by local development firm, LG Group, the building includes a mixture of studios, one-, two-, and three-bedroom apartment floorplans. “We are seeing more and more multi-family properties occupied by hospitality companies as developers execute master or bulk leases with hotel operators such as Sonder, Inc.,” says listing broker and Essex Realty Group Principal Jordan Gottlieb.
Sonder’s current market capitalization is over $1 billion.
Sonder is the ideal subtenant to reside in The Opal as they guarantee 100% occupancy with substantially reduced operating costs and time typically required to manage a property of this size. (NASDAQ: SOND) a publicly traded international hospitality company combining the comfort of a home with the amenities of a hotel. The Opal presents an investor with a unique investment opportunity as the apartments are master leased by Sonder, Inc. Erie Street, The Opal features 28 luxury apartment units and one 2,019 SF ground floor retail space. has been exclusively retained to market for sale The Opal, a new construction building in the heart of Chicago’s vibrant River North neighborhood. When using a search engine such as Google, Bing or Yahoo check the safe search settings where you can exclude adult content sites from your search results Īsk your internet service provider if they offer additional filters īe responsible, know what your children are doing online.Chicago-based investment real estate brokerage firm Essex Realty Group, Inc. Use family filters of your operating systems and/or browsers Other steps you can take to protect your children are:
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