CHICAGO, IL - Over the last 15 years, Luxury Living has grown in expertise. Specialties include residential leasing and sales, multifamily thought leadership, and award-winning apartment marketing for Class A Chicagoland apartments. This month, the company celebrates 15 years of success, reflects on past accomplishments, and looks toward the future.
"Luxury Living has grown and evolved in so many ways since launching in 2007,” said Aaron Galvin, Founder and CEO at Luxury Living. “With this evolution, it felt like time to refresh our branding to reflect the company we are today and where we are headed. In becoming a nationally recognized vertically integrated real estate company, we have removed the words Chicago and Realty from the name. Today and looking ahead, we are Luxury Living, with an emphasis on Living."
Company Growth
Founded by CEO Aaron Galvin and Chief Culture Officer Amy Galvin, Luxury Living started from humble beginnings in a River North apartment. Today, the company remains headquartered in the River North neighborhood of Chicago and has a team of over 60. The people of Luxury Living include a mix of operations, accounting, marketing, brokers, and leasing professionals supporting the firm's exclusive marketing and leasing assignments and Chicagoland renters and homebuyers.
The company’s continued year-over-year growth and expertise continue to earn accolades across the real estate and business community. Inc. 5000 and the Financial Times have named Luxury Living one of the fastest-growing companies in North America for the past five years. The company made GlobeSt.com’s 2022 list of Multifamily Influencers, and CEO Aaron Galvin was also honored as Executive of the Year at the 2022 Illinois Real Estate Journal Awards. Year after year, the marketing team has won numerous awards for apartment marketing, content marketing, lead generation, COVID response, and more.
Investment In Culture
"Over the last few years, we’ve been focused on creating an empowering and inclusive culture. We're seeing the benefits of these initiatives with minimal turnover during a period of significant growth,” said Amy Galvin. “We’re proud that over 20% of our team members have been with the company for five or more years, and we believe culture will be key to our future success. This is why we’ve implemented multiple new “human first” initiatives to curtail burnout, celebrate our people, and enhance employee retention."
This year, Luxury Living set a company goal of 500+ hours of company-sponsored learning and development opportunities, including wellness initiatives like Nivati, which provides access to 1:1 coaching, therapy, nutrition, and fitness. The company also committed to the team’s professional development growth, which has already resulted in several promotions throughout the year. Luxury Living also has an industry-leading paid time off policy including extended paid family leave, time off for life disruptions, mental health days and birthdays. Benefit offerings include best-in-class health and life insurance and a company contribution towards retirement.
Market Expertise
Luxury Living is Chicago’s most experienced development leasing company, securing over $5 billion in capitalized value for owners while leasing nearly 35% of all new apartments in downtown Chicago. The company has leased over 20,000 apartments and sold 200 condos across 50 exclusive leasing and sales assignments. Lincoln Common, Wolf Point East, Wolf Point West, One Oak Brook Commons, and Logan Apartments are some of the company’s most prominent exclusive marketing and leasing engagements. The company is also consulting on 15 new luxury developments set to deliver starting in 2024.
With the power of the brokerage team and marketing strategy coupled with the process and efficiency of our exclusive development leasing platform, Luxury Living has become the go-to brokerage for the top multifamily developers and capital partners in Chicago. The company is known for achieving record-setting rents while optimizing revenue. Developers and investors seek out Luxury Living for its leasing, pricing and renewal strategies paired with award-winning apartment marketing. Using their expertise, the company is also a general partner on its first multifamily development, a new chapter for the firm.
In April 2022, Luxury Living entered the development arena. Partnering with Mavrek Development, GW Properties, and Double Eagle Development, the firms are co-developing The Saint Grand, a mixed-use project at 218 E. Grand in Chicago. The development will feature 248 residential apartments, 8,000 square feet of ground-floor retail space, and 41,000 square feet of office space. Residential units are anticipated to deliver in early 2024.
Developing is a natural next step in the progression of Luxury Living,” said Galvin. “As a developer, we can use the rental trends we see in the market to inform the architecture, design, and operations of a property. We look forward to expanding this line of our business over the coming years."
About Luxury Living: Founded in 2007, Luxury Living is an award-winning multifamily consulting, marketing, branding, and strategy real estate brokerage and developer based in Chicago. The real estate firm aligns renter insights, innovative marketing, and developer goals to deliver unbeatable results. Rooted in best-in-class customer service with a seamless showing and leasing process, Luxury Living has captured 35% of all new construction leasing in Chicago and contributed to over $5B in capitalized value for Class A multifamily properties across Chicagoland. Our passion is to empower people to live their best life.
To learn more about Luxury Living, visit www.LuxuryLivingChicago.com