Chicago Luxury Condo News

It goes without saying that everybody loves a good deal, and that especially rings true for local real estate investors. As you might have previously heard about or read, bargain shoppers are already in the process of gobbling up units inside any number of Trump buildings scattered throughout the country, including the one right here in downtown Chicago.  

Most are crediting the combination of the COVID-19 pandemic and the former president’s polarizing persona as the driving force behind the incredible price cuts we’re seeing, which are anywhere from hundreds of thousands of dollars to up to a million dollars in some cases. 

According to a recent piece in the Chicago Tribune, some condo values inside Trump Tower Chicago are down 34% since Trump took

With everything opening back up again, more and more people are being enticed to come back to Downtown Chicago, which could lead to a surge in Chicago condo sales.

While home demand and prices rose significantly outside of the loop last year, prices dropped and inventory swelled in the downtown area. Now that businesses are able to reopen again, things are expected to change once again.

Some real estate agents say they’ve seen prices drop to levels they haven’t seen in more than 10 years. Now, some buyers are starting to take advantage of the savings.

Not only are they getting a great price, but they may not be competing as much with other buyers. In much of the rest of the Chicago market sellers have been getting multiple offers for their homes, often at

In case you missed it, Chicago Bears star linebacker Khalil Mack closed on a new Gold Coast condo last month, paying $6.85 million for the unit according to a report from Crain’s.

Representing the priciest downtown condo sale since last summer, Mack’s new condo residence inside the highly sought-after No. 9 Walton building is said to include three bedrooms, a huge 14-foot kitchen island, a wet bar and sitting room in the primary bedroom suite, and a sprawling 750 square foot terrace with a hot tub.

As mentioned by Crain’s, this particular unit was finished by the previous owners and purchased from JDL Development—the developers of the building—but never moved into after the sale.

Khalil Mack was traded to the bears from Oakland in 2018 and also has a

Since its completion in the spring of 2019, One Bennett Park has been widely considered one of the premier residential towers in all of Chicago. The building’s elegant design from Robert A.M. Stern Architects blends in perfectly with other neo-deco and neo-Gothic styles found throughout the city and the 1.7 acre park just outside the front doors only add to its exterior beauty. But just what exactly makes it one of the city's finest places to call home? We explored 4 simple reasons why below...

It has a park just right outside the front door

Not many condo buildings in Chicago buildings provide direct access to a 1.7-acre park, which is one of the more unique features of One Bennett Park. Designed by renowned outdoor landscape architecture firm

As a mammoth two-tower condo development located right where River North and the Gold Coast connect, there is a lot to take in when it comes to the new One Chicago complex.

Connected by one central podium, the design of One Chicago is inspired by the city’s famous Art Deco buildings but will ultimately feature a sleek glass exterior that seemingly blends new with old. The residential portion of the main tower will start on the 44th floor and will include 77 ultra-luxury residences with unimaginable views of the city and lake.

Included as part of the living experience will be a wide-range of sophisticated building amenities that are as bold as the development itself. Residents are offered an exclusive membership to Life Time Athletic Resort and Spa’s

In case you missed it, one local developer is currently offering an intriguing incentive to buy at a brand new building that also involves, well, renting. As first reported by Crain’s Chicago Business, Lendlease is rolling out a new deal that allows buyers to rent a unit in the building next door while they wait for their new condo to be finished. And to top it off, a portion of the rent you pay in the interim will go towards the purchase of your new condo. 

Clever to say the least, Lendlease is actually offering this deal at two pairs of buildings: the first at its Southbank development and most notably at Cascade and Cirrus in Chicago’s highly sought-after Lakeshore East community. 

In terms of the specific breakdown, half of a buyer’s monthly

When it comes to the ultimate luxury living experience in Downtown Chicago, hotel-condos are cream of the crop. Buildings like Trump Tower, Waldorf Astoria, and Park Tower have been a top choice for years, and with the emergence of the St. Regis Chicago, options and opportunities for a lavish and luxurious hotel-condo have never been stronger here in the heart of the Windy City.

Waldorf Astoria 

If you’re wanting something right in the middle of all the action, Chicago’s Waldorf Astoria absolutely checks that box. The building is just steps from lively Rush Street, and all the shopping and dining along the city’s famed Magnificent Mile is also only a block from the lobby’s front doors. 

The St. Regis Chicago  

Along with being one of

A Lincoln Park penthouse has sold for $9 million, representing the highest price paid for a Chicago condo since a unit on Walton Street in Chicago’s Gold Coast moved for just under $11 million back in March of 2019.

This particular unit occupies the 38th and 39th floors of Lincoln Park 2550, which was recently completed back in 2010, and the final sale price is just under 70% of the $13 million price tag it went to market with originally.

As noted by Crain’s, the sellers paid just over $6 million for the unfinished unit in 2015, although it’s not clear how much money was poured into finishing the space.
Unit highlights include 10’ high windows that overlook the park below, Lake Michigan, and much of Chicago’s skyline.

For information about condos

One of Chicago’s newest residential developments has officially topped out, according to recent reports. A joint-venture between Lendlease and Magellan Development Group, Cirrus represents one of the final buildings to be added to the spectacular Lakeshore East community, which of course acts as Downtown’s most celebrated master-planned development to date.

Located at 211 N. Harbor, Cirrus now stands at 47 stories high and will include 350 luxury condo residences when finished. The building’s design is from bKL Architecture and its location sits directly at the confluence of Lake Michigan and the Chicago River.

Inside, Cirrus condos for sale will include one, two, three, and four bedroom layouts and range in size from 650 to over 3,000 square feet

Thinking about a new construction condo in the new year? Here's where you'll want to start your search in 2021...

Tribune Tower East

One of the most anticipated new properties out there is Tribune Tower East. At 102-stories high, the building will someday take over as Chicago’s second tallest building. It will eventually house hundreds of condos, a hotel, a large parking garage, some retail space and likely plenty of added amenities.

Cirrus Chicago

Another luxury property is coming to Lakeshore East. Cirrus brings with it a long list of amenities, including an outdoor swimming pool, fire pits and a dog park. In addition, you’ll eventually find a fitness and yoga studio, a bike room, an indoor pool and lounge, along with a massage room, a wine