Atlantic (CH)

CHICAGO, IL, March 31, 2014 (GLOBE NEWSWIRE) -- Leading real estate brand Crescent Heights® today announced the purchase by its' entities 2 W. Delaware, LLC and its affiliates, of over 150 units in the luxurious high rise building Walton on the Park, located in the upscale and historic Gold Coast District of Chicago. This significant acquisition also includes a development parcel of land directly adjacent to the property on the North side.

Walton on the Park offers residents a vast array of lifestyle amenities. For outdoor enjoyment there is a landscaped sun deck with a full-length lap pool and whirlpool, along with an inviting fireplace, a Viking cooking station and a meditation garden. For health conscious and active residents, The Walton Club is a state-of-the-art fitness facility and spa boasting individual men's and women's saunas, whirlpools and showers.

As with all Crescent Heights® Inspired Communities, residents will receive an INspired Card giving them access to exclusive discounts at local dining, retail and entertainment venues.

The Walton on the Park building is maintained and staffed 24-hours per day by a professional concierge in the richly appointed lobby.

Sophisticated one to four bedrooms, with square footage ranging from 920 to a spacious 3,435 square feet, showcase gracious entryways to oversized living and dining areas, replete with floor to ceiling glass windows for incredible views of the Gold Coast neighborhood. The building also includes two retail spaces totaling nearly 6,000 square feet, one of which is occupied by Chase Bank.

The second space, approximately 2,200 square feet, is currently marketed for lease.

Within an easy stroll from the exclusive Walton on the Park are leading cultural venues and entertainment, internationally acclaimed restaurants, and an abundance and variety of boutiques and chic stores showcasing the latest fashion trends and designer items such as Louis Vuitton, Tiffany & Co., Barneys New York and Prada.

"The Gold Coast district is a captivating neighborhood rich in history," said Tomer Bitton, a Chicago-based principal with Crescent Heights®. "This exquisite building commands the highest in style and service, and we are proud to expand our growing portfolio with Walton on the Park."

Crescent Heights® has an established presence in Chicago where they have been involved in successful real estate projects for over the last three decades, including past developments such as Park Place Tower, 30 East Huron and Cityfront Place. Walton on the Park joins four other distinguished Chicago-area Crescent Heights® Inspired Communities - Park Michigan, Astoria Tower, Echelon at K Station and The LEX, three of which are located in Chicago's South Loop neighborhood where they are one of the largest residential property owners.

About Crescent Heights®:

Crescent Heights® is the nation's leading real estate brand. For more than 30 years, the people behind Crescent Heights® have been crafting cutting-edge condominiums, rental communities, office buildings and hotels. Crescent Heights'® visionary and creative approach continues to set the bar for outstanding quality. The company's experience is recognized through personalized satisfaction, impeccable attention to detail and a commitment to exceeding expectations. Embracing local cultures, the latest technologies and timeless design further enhances Crescent Heights'® in-depth knowledge and ability to create America's quintessential places to live, work and play.

Crescent Heights® is a service mark used by a group of limited liability companies and partnerships. Crescent Heights® Inspired Communities are being developed by single purpose companies, which are solely responsible for their operations, obligations and liabilities.

For more information on Crescent Heights®, visit www.crescentheights.com. To become a fan on Facebook, follow on Twitter or add to your Google+ circles, simply search "Crescent Heights".

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CONTACT: Chris Martello Cord Media (760) 834-8599 email: Chris@CordMedia.com

Source:Crescent Heights