If you’ve ever walked down North Michigan Avenue in Chicago, you may have noticed a strikingly beautiful building called the London House. This 22-story building boasts stunning views of downtown Chicago and has become a popular destination for both locals and tourists. But who owns this iconic piece of Chicago real estate?
The London House Chicago is owned by Oxford Capital Group, LLC, a real estate investment firm based in Chicago. Oxford Capital Group purchased the building in 2013 for $315 million, according to Crain’s Chicago Business. The property was previously owned by the John Buck Company, who had purchased it back in 2006.
Oxford Capital Group has since transformed the London House into a luxury hotel with 452 guest rooms and suites. The hotel also features several event spaces, including a rooftop lounge that offers breathtaking views of the city skyline.
But the history of this building goes back much further than its current ownership. The London House was originally built in 1923 as an office building for the insurance company, The Quaker Oats Company. It was designed by architects Alfred S. Alschuler and Associates and was considered one of the most technologically advanced buildings of its time.
In 1949, the building was sold to Sheraton Hotels and became known as the Sheraton Tower. It remained a hotel under various owners until it was converted into condominiums in 2003.
However, not all of the original features were lost during these renovations. In fact, many of the Art Deco details that made this building so unique were preserved and can still be seen today.
So next time you find yourself walking down North Michigan Avenue in Chicago, take a moment to appreciate the beauty and history of the London House – now owned by Oxford Capital Group – and all that it has to offer.
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