Despite 111 W. Wacker just opening last year, one of Chicago’s newest and most luxurious rental buildings already has a new owner. According to recent reports from the Wall Street Journal, Heitman, a Chicago-based global real estate investment firm, has purchased the 59-story, 504-unit building at 111 West Wacker from its original developer, Related Midwest, for a mind-blowing $328.2 million—or more than $650,000 per unit.
To date, the reported transaction is the highest price ever paid per unit for an apartment building in Chicago that houses over 50 individual units, and it’s a clear-cut sign to many that the luxury market is alive and well here in the heart of downtown Chicago.
Apartments for rent inside 111 W. Wacker typically range from $1,700 to
Tagged : Luxury Chicago Real Estate
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The Ronsley: An Ultra-Luxurious New York Stlye Loft Building Coming to 678 N. Kingsbusy
Exciting news reported from Crain’s Chicago today about sales finally getting under way next month at an impressive 41-unit condo conversion over at a River North industrial building.
The property, located at 678 N. Kingsbury, is part of a project that will involve developing six brand new penthouse condos, wrapping the existing structure in a chic glass facade, and constructing brand new units in both the existing building and also in a brand new structure that will be located on an adjacent parking lot that's currently there now.
Got all that?
We know, it might sound confusing, but the rendering above should help answer what questions you may have.
Being called The Ronsley, this trendy new condo development will command prices that are reportedly
Comparing 4 E. Elm & 100 W Huron: New Construction Condos in Downtown Chicago
Sales for two of Chicago's hottest new condo developments have begun, meaning opportunities to own a unit in 4 E. Elm and 100 W. Huron will surely start to diminish with each passing month. Although it may seem like just yesterday that plans were first announced for these ultra-luxurious boutique buildings, high-end condos for sale in Chicago are moving faster than ever, leaving little time to hesitate should you be in the market for a new place to live.
Design-wise, there are certainly plenty of similarities between 100 W. Huron and 4 E. Elm, as both feature a striking and modern glass exterior that seems to be the norm for today's new construction condo developments around Chicago. Additionally, each building is being specifically marketed to the
…A Look at 3 Luxury Listings in Chicago with a Listing Price of $4.9 Million
So just what can $4.9 million buy you in downtown Chicago? Well, if you happen to be in the market for a new home at this exact moment, you’ll currently find three separate properties listed for exactly $4.9 million, and you can bet each of these listings offer something unique and desirable that should appeal to any luxury home or condo buyer, no matter their lifestyle preference.
77 E. Walton Place #27c
For those seeking a full amenity building with stunning city and lake views, as well as all kinds of common features that are sure to enhance your everyday life, the first $4.9 million home we’ll feature is an elegant 3-bedroom, 3 ½ bathroom condo at 77 E. Walton Place over in Chicago’s Gold Coast neighborhood. Also known as The Residences at 900,
…Introducing Chicago's Super Luxury Rental Buildings
If you’re like many Chicagoans who are opting to rent rather than buy in the downtown area, there’s certainly a lot to consider, as the apartment landscape seems to be changing and evolving constantly. News for an apartment tower that will replace the old Howard Johnson Inn at LaSalle and Superior broke yesterday, while other projects nearing completion like Madison at Racine in the West Loop will
…Million Dollar Lofts For Sale in Chicago
Neighborhoods like Streeterville and the Gold Coast are where you’ll find some of Chicago’s most expensive condominiums and historic single-family homes for sale, but if it’s a million dollar loft
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