Presidential Towers
Presidential Towers is a four-tower luxury high-rise apartment complex in Chicago's West Loop offering studio to two-bedroom rentals, managed by Waterton Residential, serving urban professionals, university students, and healthcare workers with on-site amenities including fitness, dining, and concierge services.
- Company typePrivate
- Founded1995
- HeadquartersChicago, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What Presidential Towers does
Presidential Towers is a four-tower luxury high-rise apartment complex located at 555 West Madison in Chicago's West Loop neighborhood, owned and operated by Waterton Residential under the legal entity Waterton Residential, Illinois, LLC. The property offers studio (471-570 sq ft), convertible (593 sq ft), one-bedroom (652-815 sq ft), and two-bedroom (1,101 sq ft) residences with rents ranging from approximately $1,800 to $3,400+ per month on 10-14 month lease terms. Community amenities include a 52,000 sq ft on-site Fitness Formula Club (FFC) health club, rooftop sundeck with BBQ areas, media lounges, 24-hour concierge service, four on-site restaurants (Crepe & Bean, Naf Naf Grill, Five Guys, Blaze Pizza), Luxer One automated package room, direct-access garage parking, and four laundry facilities.
The property's technology stack centers on the RentCafe platform (powered by Yardi Systems) for online leasing, resident services, and rent payments, supplemented by SightMap for interactive real-time availability browsing and 360-degree virtual tours across multiple floor plans. Ultra-fast fiber internet up to 1,000 Mbps and digital cable/HDTV packages are provided to residents. The property's location is a primary differentiator, with Walk Score 98 and Transit Score 100, providing immediate access to Union Station (0.3 miles), Ogilvie Transportation Center, CTA 'L' lines, Fulton Market District, and major employers (Deloitte, Google, Salesforce, JPMorgan Chase, Abbott Laboratories) as well as universities (UIC, DePaul, Columbia College Chicago) and healthcare facilities (Rush University Medical Center, Northwestern Memorial Hospital).
The business model is recurring residential rental income — primarily base rent plus ancillary subscription streams (parking at $295/month, pet rent at $25/month per pet, personal storage). Distribution is direct-to-consumer via the company website, RentCafe listings, on-site leasing office, and a mix of guided and self-guided in-person tours. Target customer segments are urban professionals, university students and faculty, and healthcare workers. Revenue is not publicly disclosed, and the asset operates as a single-location property within Waterton's broader residential portfolio.
Presidential Towers firmographics
Firmographics- Name
- Presidential Towers
- Legal name
- Waterton Residential, Illinois, LLC
- Website
- https://presidentialtowersapts.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Presidential Towers is a four-tower luxury high-rise apartment complex in Chicago's West Loop offering studio to two-bedroom rentals, managed by Waterton Residential, serving urban professionals, university students, and healthcare workers with on-site amenities including fitness, dining, and concierge services.
- Ownership category
- akta.pro rank
Presidential Towers industry classification
Industry- Product category
- Luxury Apartment Rentals
- NAICS
- Rooming and Boarding Houses, Dormitories, and Workers' Camps (7213), Rooming and Boarding Houses, Dormitories, and Workers' Camps (721310)
- SIC
- Hotels, Rooming Houses, Camps & Other Lodging Places (7000)
- akta.pro primary industry
- Luxury Serviced Residences (THAGAEAJ)
- akta.pro secondary industries
- Executive & VIP Corporate Housing (THAMAHAF), Furnished Corporate Apartments (Urban, Mid-Rise) (THAMAHAG)
Keywords
Where Presidential Towers is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Presidential Towers business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Apartment Rental Revenue: Monthly rental income from studio, one-bedroom, convertible, and two-bedroom apartment units ranging from 471 to 1,101 square feet. Rent prices range from approximately $1,800/month for studios to $3,400+/month for two-bedroom units. Lease terms typically range from 10-14 months.
- Parking Revenue: Direct-access garage parking available for $295/month. Guest parking available for $15 per 24 hours.
- Storage Revenue: Additional personal storage space rental available for monthly fees
- Pet Revenue: One-time pet fee of $400 plus monthly pet rent of $25 per pet. Maximum 2 pets allowed.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Studio apartments (471-570 sq ft) |
| Subscription | Monthly | Convertible one-bedroom (593 sq ft) |
| Subscription | Monthly | One-bedroom apartments (652-815 sq ft) |
| Subscription | Monthly | Two-bedroom apartments (1,101 sq ft) |
| Subscription | Monthly | Parking |
| Subscription | Monthly | Pets |
| One time/ perpetual license | Pay-as-you-go | Application and Administrative Fees |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Presidential Towers product offering
Product offeringCore offering
Presidential Towers is a luxury four-tower high-rise apartment complex in Chicago's West Loop offering studio (471-570 sq ft), convertible (593 sq ft), one-bedroom (652-815 sq ft), and two-bedroom (1,101 sq ft) residences for monthly lease. The property bundles the apartment units with shared amenities including a 52,000 sq ft on-site FFC fitness center, rooftop sundeck with BBQ areas, concierge services, on-site dining (Crepe & Bean, Naf Naf Grill, Five Guys, Blaze Pizza), Luxer One package room, and ultra-fast fiber internet.
Product overview
Presidential Towers is a luxury high-rise apartment complex in Chicago's West Loop, operated by Waterton Residential. The property offers a portfolio of residential products including studio apartments (471-570 sq ft), convertible layouts (593 sq ft), seven distinct one-bedroom floor plans (652-815 sq ft), and two-bedroom residences (1,101 sq ft). Community amenities include an on-site FFC fitness center, rooftop sundeck with BBQ areas, media lounges, private workstations, concierge services, and on-site dining (Crepe & Bean, Naf Naf Grill, Five Guys, Blaze Pizza). Residents can lease units and manage payments through the RentCafe platform and explore availability via the SightMap interactive tool. Virtual tour capabilities and guided/self-guided in-person tour options support the leasing process.
Differentiator
Problem solved
Functional benefit
Products and services
- Studio Apartments Compact studio apartments ranging from 471 to 570 square feet with modern design, upgraded kitchens, cultured marble vanities, and city views. Multiple floor plans available including Studio Six (471 sq ft), Studio Five (505 sq ft), Studio Eleven/Thirteen (513 sq ft), Studio Nine (546 sq ft), and Studio Seven (570 sq ft). For individual renters seeking urban studio living.
- Convertible One/Two Bedroom Apartments Flexible convertible layout spanning 593 square feet with a movable wall separating living areas, offering adaptable studio or one-bedroom functionality with generous storage. For individual renters wanting layout flexibility.
- One Bedroom Apartments Seven distinct one-bedroom floor plans ranging from 652 to 815 square feet, featuring granite countertops, espresso or oak cabinetry, wood-inspired flooring, and seamless kitchen-to-dining flow. For individual renters or couples seeking a dedicated bedroom.
- Two Bedroom Apartments Two-bedroom, two-bathroom residences spanning 1,101 square feet with expanded living areas, designed for households with roommates or families needing additional space.
- Garage Parking Direct-access garage parking available for residents at $295/month, with guest parking available at $15 per 24 hours. For residents who need vehicle parking in downtown Chicago.
- Personal Storage
Quantifiable outcome
- Walk Score of 98 and Transit Score of 100
- +1 more outcomes
Companies that use Presidential Towers
Customer profileSegments3 records
Ideal customer profiles3 records
Presidential Towers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
Presidential Towers partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- FFC (Fitness Formula Club)coreFFC operates an on-site health club facility at Presidential Towers spanning 52,000 square feet. The fitness center provides cardio, stretching, and weightlifting equipment for resident use. This partnership provides significant amenity value to residents without requiring them to leave the property for fitness facilities.
- Waterton ResidentialcoreWaterton Residential (Waterton Associates L.L.C.) is the property owner and manager of Presidential Towers. The company specializes in apartment communities across the United States and operates Presidential Towers under the Waterton brand.
- RentCafe (Yardi Systems)coreRentCafe platform powered by Yardi Systems provides the website infrastructure, online leasing functionality, resident portal, and property management technology for Presidential Towers.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Presidential Towers competitors and assessment
Company assessmentDirect peers
- Waterton Residential: Parent company of Presidential Towers and operator of luxury apartment communities nationwide. Directly comparable as the operating entity and brand under which Presidential Towers is managed, with sister properties serving similar renter profiles.
- The Residences at The Loop: Comparable luxury high-rise apartment community in downtown Chicago serving urban professionals with similar amenity packages, transit-oriented location, and pricing tiers.
- Fulton Market Apartments: Luxury apartment community in Chicago's Fulton Market neighborhood adjacent to West Loop. Directly competes for similar urban professional tenants with comparable amenity and pricing positioning.
Broad incumbents
- Related Companies: Large diversified real estate developer and operator with luxury residential rental properties in major U.S. urban markets. Comparable in target customer (high-end urban renters) and asset class (luxury multifamily).
- Greystar Real Estate Partners: Largest apartment operator in the U.S. with extensive urban luxury multifamily portfolio. Comparable in property management platform, technology stack, and resident service offerings.
- Equity Residential: Public REIT focused on urban and high-density suburban apartment properties, with significant Chicago presence. Directly comparable in luxury urban rental positioning and tenant demographics.
- AvalonBay Communities: Public REIT operating high-quality apartment communities in urban and suburban markets. Comparable in premium amenity offerings and luxury urban positioning.
- Lincoln Property Company: Diversified real estate operator with significant apartment management portfolio including urban luxury properties. Comparable in third-party property management model and residential service offerings.
- UDR Inc. Public apartment REIT with diversified urban and suburban portfolio including luxury properties in major U.S. cities. Comparable in operating scale and urban luxury positioning.
Regional players
- Essex Property Trust: Apartment REIT focused on West Coast urban markets with luxury multifamily assets. Comparable in property type and target demographic, though operating in different geographic markets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Presidential Towers social profiles
Digital presencePresidential Towers compliance and trust
Trust signalCompliance1 record
Presidential Towers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Presidential Towers leadership team
Management profileNumber of profiles
Presidential Towers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Presidential Towers M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Presidential Towers
What does Presidential Towers do?
Presidential Towers is a luxury four-tower high-rise apartment complex in Chicago's West Loop offering studio (471-570 sq ft), convertible (593 sq ft), one-bedroom (652-815 sq ft), and two-bedroom (1,101 sq ft) residences for monthly lease. The property bundles the apartment units with shared amenities including a 52,000 sq ft on-site FFC fitness center, rooftop sundeck with BBQ areas, concierge services, on-site dining (Crepe & Bean, Naf Naf Grill, Five Guys, Blaze Pizza), Luxer One package room, and ultra-fast fiber internet.
Is Presidential Towers a public or private company?
Presidential Towers is a private company. It is classified as corporate owned and is currently operating.
When was Presidential Towers founded?
Presidential Towers was founded in 1995. It employs 1,001 to 5,000 people.
Where is Presidential Towers based?
Presidential Towers is headquartered in Chicago, United States, in the North America region.
How does Presidential Towers make money?
Four revenue lines are on record. Apartment Rental Revenue is the primary driver. The others are parking Revenue, storage Revenue and pet Revenue.
Who are Presidential Towers's main competitors?
Direct peers on record are Waterton Residential, The Residences at The Loop and Fulton Market Apartments. Broad incumbents are Related Companies, Greystar Real Estate Partners, Equity Residential, AvalonBay Communities, Lincoln Property Company and UDR Inc.. Essex Property Trust is listed as a regional player.
Does Presidential Towers have an API?
No public API is recorded for Presidential Towers.
What industry is Presidential Towers in?
Presidential Towers's product category is Luxury Apartment Rentals. Its primary akta.pro industry code is THAGAEAJ, Luxury Serviced Residences, with a secondary code of THAMAHAF, Executive & VIP Corporate Housing. Its NAICS code is 7213 and its SIC code is 7000.