850 N. Lake Shore Drive Condos Hit The Market In The Gold Coast!
Posted by Leo Clark. on
Cresent Heights, the owners of 850 N Lake Shore Drive Luxury Apartments are turning it into condos.  Built in 1927 it was home to the Chicago Athletic Club. It subsequently transformed into multiple other venues including a dormitory for Northwestern Medical Students then in 2014 was completely renovated and marketed as a luxury apartment building.  As one of the only two Conversions, the other being the Tribune Residences, it is going against the trend of deconverting Condos to Apartments. Considering the location, the neighborhood, and price points it should fair very well in what is considered to be a tough market. Â
The 19-story building boast a historical exterior and a contemporary interior. Amenities include a heated indoor lap pool,…
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Although Chicago’s Gold Coast is packed with some of the most expensive real estate you’ll find in the city, there’s also lots of affordable condo options for those with a bit tighter of a budget. The Gold Coast is an attractive and popular neighborhood for a variety of reasons, and it shouldn’t be a huge surprise that so many locals want to call this part of Chicago home. World class shopping lines nearby streets like Michigan Avenue and Oak Street, while fine dining, fun-filled entertainment, and vibrant nightlife are also prevalent throughout the entire community.
No. 9 Walton (9 W. Walton St. Chicago) is one of the highest profile condo developments to break into the downtown market since perhaps the Ritz Carlton Residences were finished along Chicago’s famed Michigan Avenue, and buyers have clearly responded over the past 12 months or so. 
As first reported by the Chicago Tribune, a lavish, 52nd-floor unit over at the renowned Waldorf Astoria tower in Chicago’s Gold Coast sold for $11.7 million earlier this month, which marks the highest price paid for a Chicago-area home so far in 2016.
