Golub recapitalizes Century Tower in $65 million deal

April 17, 2026 - 03:55

A landmark of Chicago's Streeterville skyline has received a substantial financial boost. The historic Century Tower, a distinctive art deco apartment high-rise, has been recapitalized in a significant $65 million transaction. The deal brings a new investment partner, EOS Residential Investors, into the property's ownership structure alongside the building's long-term developer and manager.

The infusion of capital is earmarked for a comprehensive value-add program aimed at modernizing the iconic property while preserving its historic character. Planned enhancements include substantial renovations to the building's common areas and amenity spaces, bringing them up to contemporary luxury standards. Furthermore, the partnership plans for targeted upgrades to apartment interiors as units become available, ensuring the tower remains competitive in the downtown residential market.

Constructed in 1930, the 35-story Century Tower is recognized for its striking architectural details and prime location. This strategic recapitalization provides the resources necessary to both honor the building's rich heritage and secure its position as a premier residential address for future decades. The partnership underscores continued confidence in the strength and demand of Chicago's core urban living market.