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60 East Lake Street
Chicago, Illinois 60601 |
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This 12-story structure in downtown Chicago’s east loop includes a 210-space office parking garage and retail area consisting of 10,000 square feet. Lutz brought into the partnership principals of Hard Rock Hotel and expanded the parking facility to serve the entertainment market during the evenings and on weekends. A valet facility provides parking for the guests of Hard Rock, China Grill and Mortons. Visitors now use the facility to enjoy the recently completed Millennium Amphitheater designed by Frank Geary. The partnership replaced and upgraded the retail tenants with more appropriate retailers at substantially greater rental rates, further enhancing the investment performance. In 2007, the partnership installed a state-of-the-art payment program which created a more efficient collection process and reduced operating costs. |
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