Now Playing

Gaining Ground

Chicago’s condo market gave the term “amenity wars” legs, and construction sites prove our city shows no sign of slowing down in becoming a world-class destination for real estate investment.

 

RESORT STYLE
Chicago, meet Norweta Row—32 luxury condos that Broder is bringing to West Lincoln Park in September. Acclaimed design firm Gary Lee Partners is responsible for the interiors, embracing wide-open floor plans flooded with natural light and views of the spacious, immaculately landscaped property. Florense cabinets along with Sub-Zero and Wolf appliances outfit the kitchen, while decadent master bathrooms feature Waterworks appliances, Florense millwork and floor-to-ceiling marble. Varying floor plans of 1,600 to 3,050 square feet include three- or four-bedroom units (from $899,000) with a minimum of three bedrooms. Eight duplex penthouses, ranging from 3,100 to 5,200 square feet (from $1,995,000), boast luxurious private terraces and balconies. The property aims to feel like a resort, evidenced by the hammock park in one of two courtyards, a climbing wall, and several grills and fire pits. There is also an outdoor pool and indoor glass solarium, a premium fitness center, high-tech conference rooms and a guest suite. The last may come in handy for visitors who never want to leave your oasis in the city. Timothy Salm, 312.929.1564, Elizabeth Amidon 312.237.6708; Jameson Sotheby’s International Realty

SKY-HIGH
A new rental high-rise in Near North Side offers unparalleled amenities.

Situated a stone’s throw from Old Town and River North, Niche 905 puts you within minutes of Chicago’s best neighborhoods—with vast windows to remind you the fair city awaits. The finishes chosen by FitzGerald Associates Architects are top-quality, with plank flooring throughout all bedrooms and living areas; porcelain-tiled baths; and gourmet kitchens with Euro-style cabinetry, built-in wine racks, quartz countertops, glass tile backsplashes and stainless steel appliances. Choose between spacious convertibles or one-, two- and three-bedroom apartments ranging in size from 576 to 1,518 square feet, all with at least 9-foot ceilings throughout. Pricing starts at $2,080 per month for convertibles and goes up to $5,200 for three-bedrooms. A 24-hour concierge service is a welcome amenity, but the top floor’s outdoor pool and spa, as well as a grill, bar and fire pit, along with an entertainment suite equipped with a kitchen and big-screen TVs are the most impressive. There is a complimentary craft room, soothing community garden, and state-of-the-art fitness center and yoga studio to keep you fit and Zen. Your niche may become rethinking a mortgage. 866.602.9931  

TOP TECH
When Hayden, a nine-story, 28-unit condo building in the West Loop, is delivered by SULO Development in fall 2018, Chicago may get a new forward-thinking standard. The architecture is the brainchild of the inimitable Booth Hansen and interior design expertise is from Jill Hart of Brass Tacks Studio. Open, flexible floor plans reveal wide-plank hardwood floors and soaring ceilings, with stately built-ins surrounding handsome fireplaces. The large kitchen features a bank of Bentwood cabinets, spacious walk-in pantries and Wolf and Sub-Zero appliances, including a Wolf steam oven and espresso machine. The open living-dining area curves into a smaller den with one of the most unique features: a glass wall that completely retracts, revealing a generous terrace for true indoor-outdoor living. Waterworks fixtures adorn the grand master baths that feature deep-soaking tubs, steam showers and large windows. Want to set the mood? Lighting, Lutron shades, climate and music are all controlled, James Bond-style, with the click of a button on your very own Crestron system. Three-bedrooms (from $1,820,000) start at 3,200 square feet with an additional 230-square-foot private terrace, and penthouses (from $3,900,000) range from 4,700 to 5,100 square feet with an additional 850-square-foot private terrace. Along with top-notch amenities, the building has one more plus: living roofs that follow Energy Star guidelines for sustainability. “This is a product that no one has seen before in the West Loop,” listing co-broker Mark Icuss says. “We wanted to deliver an amazing floor plan but give people finishes and technology that they can be really excited about.” Mark Icuss, 773.848.9546 and Timothy Sheahan, 773.968.9889, CONLON/Christie’s

INSIDE INTEL
There is a lot of development in Chicago. What is your advice for clients looking for new-build construction?

“In the last 15 years, Noah Properties has grown from a small construction company to a leading luxury developer providing beautiful homes our customers are proud to call their own. After being in the business for so many years, we’ve found that the most satisfied homeowners are the ones who buy pre-construction. This way, you are able to put your own spin on every little detail. When you buy a spec home, it is harder to negotiate changes, but if you buy in the early stages of construction, the developer will work with you to customize at a minimal cost. It’s always best to come in with an offer at the foundation.”

Anita Lisek, Noah Properties, 773.202.9819

 

HOT 'HOOD: THE GOLD COAST
Previously the brunt of many jokes, this historic district is getting its mojo back. From some of the city’s top restaurants to much-loved brands to the new Viceroy hotel, this is the triangle you want to be in.

With luxury condos like No. 9 Walton and 4 East Elm popping up, along with high-end rentals such as The Sinclair and Aurélien, new life is growing in the Near North Side. When the Viceroy Chicago opens in the old Cedar Hotel site on State Street this fall, it will be undeniable: The Gold Coast is having a resurgence. Convexity Properties chose the area for the well-known boutique hotel chain because “the Gold Coast has been reinventing itself in the last few years from a food and beverage perspective, and we thought the intuitive service and provocative design of the Viceroy, partnered with Boka Restaurant Group, would take it to the next level,” says Development Manager Evan Meister. From both a food and design perspective, Maple & Ash and Nico Osteria in the Thompson Hotel have been a huge part of this reinvention, along with the impressive Restoration Hardware in the RH Gallery at the 3 Arts Club on Dearborn Street and brands such as Warby Parker, Vans and AllSaints choosing the area to anchor their Chicago presence.

Guest rooms at the Viceroy Chicago will feature a custom headboard wall based on artwork by Tim Modus that nods to Chicago’s architectural history.

REGAL REDO
Own a piece of history with a 4,000-square-foot Dankmar Adler
row home.

A gut renovation of one of the original Dankmar Adler row homes at 55 W. Schiller St. by designer Christopher Kent of Studio CAK has just wrapped, and the fruits of his labor can be yours for $4,200,000. Kent preserved the original historic facade and replicated the original Adler windows to honor the home’s rich history. Inside, the main living room features custom Nero Marquina marble fireplaces, herringbone oak floors and floor-to-ceiling windows. The kitchen boasts a striking free-standing Prunella marble island, Viking appliances and Waterworks custom cabinetry. The fourth-level master suite is pure luxury, with a private terrace and showstopping master closet—complete with silk floors and award-winning design by California Closets.
Duane Shumaker, Berkshire Hathaway HomeServices KoenigRubloff Realty Group, 312.209.0356

 

MARKET LEADER
What is the biggest trend you are seeing in Chicago’s real estate market right now?

“The new-construction market is ramping up, and the projects are becoming more ambitious in size and scale. One top performer is the Gold Coast, where the new-construction market is driving price growth. The luxury market is broadening into a number of neighborhoods, including the Loop, where hundreds of new high-end condos and apartments are set to hit the market over the next few years. The West Loop continues to be the fastest-selling neighborhood in the city, but Bucktown is also a fast-selling market with high demand. Buyers are seeking buildings with amenity packages such as spa facilities, screening rooms, climate-controlled wine storage and concierge services.”

Mike Golden, co-founder, @properties

 

ENLIGHTENED LIVING
Vocal and displeased neighbors are not typically a boon for development, but in the case of West Loop’s Illume at 111 S. Peoria St., their displeasure resulted in the transformation of a proposed 205-unit rental apartment building into an elegant condo of just 70 units. Spacious and light-filled, one-bedrooms start at 872 square feet (from $370,000) and penthouses go up to 3,701 square feet ($2,495,000), all with their own private outdoor space and sweeping views of the city and Mary Bartelme park. A project by LG Construction + Development, architecture is by NORR, and interior design is by renowned Chicago firm PROjECT Interiors. The team is responsible for the floor-to-ceiling windows, high-end finishes and a well-edited selection of tile, countertops, floor stains and cabinetry choices. Top-notch amenities such as on-demand dry cleaning, Viking appliances, a dog-wash area, an electric car-charging station and a 24-hour doorman are sure to illuminate your opinion of living steps away from Fulton Market.
Karen Schwartz or Laura McGreal, 312.698.8515, dreamtown.com

 

THE SUITE LIFE
Belgravia’s latest property offers all of the conveniences of condo
living with the comfort and style of a single-family home.

What was once Citizen Bar on West Erie Street in River North is now a sleek white-brick building: the sales center for Three Sixty West, an 11-story luxury condo building with 38 stunning units scheduled to arrive late summer 2018. Belgravia Group enlisted GREC Architects to create generous floor plans with spacious master closets, large laundry rooms, and foyers that feel like you’re entering a home, not a hallway. “These are condos that feel more like a single-family home,” says Senior Vice President Jonathan McCulloch. Kitchens will have Euro accents such as Copat Italian cabinetry and Bosch appliances, while high-end finishes—such as Kohler Purist fixtures—throughout bring an elegant simplicity. With four units per floor, each three-bedroom and three-bathroom unit is generously spaced at 1,735 to 2,396 square feet (from $1,100,000). Two penthouses, ranging from 2,550 to 2,645 square feet (from $2,125,900), plus large outdoor terraces, top off the structure. A dog run, yoga room, sundeck, lounge and fitness center are just some of the amenities offered.
Liz Brooks, 312.561.5228