Presidential Towers Apartments (Chicago, Illinois)

USA / Illinois / Chicago / Chicago, Illinois / West Madison Street, 555
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Built in 1986 and designed by Solomon Cordwell Buenz & Assocites to hasten the redevelopment of skid row. The huge complex includes a number of restaurants, a bar and grocery store along with parking and a large health club contained within the two-story base which is topped by four towers each containiing 47 floors of rental apartments. When the complex was built, the area surrounding it was still a bit seedy. That, combined with the huge number of units, led to high vacancy rates and eventually the largest default of a HUD-backed mortgage in US history. Today, the complex occupancy is high and the building is on much stronger financial footing.

In this building

  1. Walmart Neighborhood Market
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Coordinates:   41°52'52"N   87°38'33"W

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This article was last modified 14 years ago