The Chicago luxury condo market had a successful 2011, with sales totaling more then $440 million for the 250-plus luxury condos sold. We can find a few common denominators among the units sold—ample square footage, ideal locations, noteworthy buildings with services and amenities, and unbeatable views.
While 2011 sales were found throughout the city, there were several buildings that stood out as hot spots for luxury condo sales. From locations in the coveted Gold Coast, to the elegant Lake Shore Drive and the urban beauty of downtown Chicago, these are buildings with the panache and offerings for the most particular luxury buyer.
If you are interested in learning more about these Chicago condo buildings or getting details on any individual sales, I’d be happy to provide additional photos and specs for individual units, as well as walk you through what’s available now.
In descending order, here are 2011’s top luxury condo buildings:
1. Ten East Delaware
Location: 10 E Delaware at N State St
Number of 2011 sales: 18
Price range: $1.129 million to $2.325 million
This new construction building was designed by famed (and soon-to-be retired) Chicago architect Lucien Lagrange, combining his classic architectural style on the outside with the luxury lifestyle on the inside. With a perfect location—steps from the lake, and the city’s most exclusive shopping and dining spots—Ten East Delaware also features The Ten Club, a residents-only facility with a rooftop pool, fitness center and more. The units each feature a large, private balcony to properly enjoy the Chicago skyline, plus the finest appliances, finishes and details throughout.
2. Trump Tower
Location: 401 N Wabash
Number of 2011 sales: 15
Price range: $1.3 million to $2.9 million
I’ve said before that Trump Tower is hardly just a building—it’s a lifestyle. With the second-most luxury sales in 2011, Trump offers the best in amenities and services, with an “ask and it’s yours” mantra for its residents. Plus, the views from it’s River North location can’t be beat, and each unit boasts state-of-the-art appliances and luxury finishes.
3. 600 Lake Shore
Location: 600 N Lake Shore Dr
Number of 2011 sales: 15
Price range: $1.120 million to $1.711 million
The two high-rise buildings at 600 N Lake Shore Dr put residents at the edge of Lake Michigan with unobstructed views. Each unit features 9-plus-foot ceilings, 7-foot windows and shares the floor with no more than 5 other residences.
4. The Elysian
Location: 11 E Walton
Number of 2011 sales: 11
Price range: $2.2 million to $5.05 million
Another new construction building in the Gold Coast neighborhood, the Elysian Residences bring a unique sense of elegance and luxury to the Chicago condo market. The building was also designed by Lucien Lagrange to create 180-degree views, two terraces, and 10-foot ceilings in each unit.
5. Park Tower
Location: 800 N Michigan Ave
Number of 2011 sales: 9
Price range: $2.3 million to $4.05 million
Residents of Park Tower can take advantage of all the concierge services and amenities offered by the Hyatt Hotel, which occupies the lower part of the building. Units in Park Tower don’t become available often, as this is a highly sought-after address in the Chicago luxury real estate market. Another Lucien Lagrange-designed property, Park Tower stands 70 stories tall, allowing most residents to enjoy unobstructed views of the city and/or Lake Michigan.
6. The Fordham
Location: 25 E Superior
Number of 2011 sales: 8
Price range: $1.075 million to $2.75 million
These elite residences exemplify the art of “living well.” With 9-foot ceilings, terraces overlooking the cityscape, and amenities like a wine cellar and private penthouse garages, the Fordham building includes both condominiums and six townhomes among its 50 floors.
7. The Pinnacle
Location: 21 E Huron
Number of 2011 sales: 7
Price range: $1.025 million to $2.7 million
The Lucien Lagrange-designed Pinnacle building offers two, three and four-bedroom units with luxury finishes and appliances, floor-to-ceiling windows and sprawling balconies.
8. Six North Michigan
Location: 6 N Michigan
Number of 2011 sales: 6
Price range: $1.033 million to $1.63 million
Once known as the Montgomery Ward building, this art-deco inspired Chicago condo building offers its residents a fitness center, club room, a private theater and luxury finishes and technology throughout each one, two, or three-bedroom unit.
9. Water Tower Place
Location: 180 E Pearson
Number of 2011 sales: 5
Price range: $1.46 million to $2.5 million
Residents of 180 E Pearson can take advantage of the amenities offered by the Ritz-Carlton Hotel, and the building’s location right off of Michigan Avenue makes it perfect for experiencing the Magnificent Mile day or night.
10. 340 On The Park
Location: 340 E Randolph
Number of 2011 sales: 5
Price range: $1.0 million to $1.850 million
This Lakeshore East condo building was Chicago’s first ecologically-friendly high-rises, designed to be LEED certified. Most units feature panoramic views of Lake Michigan, Grant & Millennium Park, the Chicago River or the city’s skyline. Amenities include a wintergarden atrium, club room, fitness center with lap pool and spa facilities.
Downtown Chicago condos like these clearly still have something to offer to buyers—central location, million-dollar views and services and amenities at your fingertips. To take a look at last year’s sales in any of these building’s, or to see what’s available now, contact me at 312-264-5853 or email me at [email protected]