The right property for an art collector is often unique. It should be somewhat of a blank canvas, with high ceilings that allow for large-scale pieces; it should be a space that can protect pieces from bright sunlight; and many include architectural details that create spaces ideal for showcasing paintings or sculptural pieces. It’s also an added bonus if the building itself lends itself to art appreciation.
While amenities like outdoor space and a state-of-the-art gym were once things to set a Chicago condo building apart, art has taken a front seat as a way to differentiate among new high-end developments. Many integrate art into the building’s public spaces, which makes it not only appealing to potential buyers, but others in the community as well. The Wall St. Journal recently covered this trend, highlighting one building in Chicago that was made for art aficionados in particular: The Ritz-Carlton Residences.
For the person who has his or her own art collection, or even if you simply enjoy art, this building was designed with you in mind. This is a unique new construction building that stands out from all of the luxury condos in the city, in part due to its gallery-like spaces in common areas and private art collection available only to the building’s residences. The units themselves feature high ceilings and ample wall space that allows for large, museum-quality artwork on each wall.
If you’re an art collector, I would be pleased to give you a personal tour, especially highlighting the ways your collection can work really well within this building. I also have access to an architectural lighting expert who has done the lighting for Chuck Close’s private art collection and can work with you on all of the fine lighting details to protect and showcase your art properly.
Buying a condo at the Ritz-Carlton Residence can even translate into buying a share of the building’s art collection. The pieces displayed throughout the building’s common areas are collectively owned by the homeowners, who could conceivably opt to change it out or sell it and divide the proceeds amongst themselves. The collection includes seven pieces worth around a half-million dollars, including works from local artists and noted Brazilian artist Vik Muniz.