Chicago Condo News

Construction of the Waterview Tower has been underway for over a year. The luxury development will offer some of the best condominiums in the heart of downtown at 111 W. Wacker, right on the beautiful Chicago River.

The 82-story building will also offer luxurious hotel rooms up to the 29th floor at the Shangri-La Hotel. Floors 30 through 82 will be reserved for condominiums.

Amenities at the Waterview Tower will give condo owners the feel of living in a five-star hotel. A full service concierge and service staff will be available 24 hours a day.
Residents can enjoy the 60-foot lap pool, modern fitness center, deeded parking, and an 8,000 square foot outdoor terrace with a sundeck and pet area.

A business center, extra storage space, and hospitality suite are also available to residents of Waterview Tower.

Each unit offers incredible views of the downtown Chicago skyline and the Chicago River.

The market for Chicago Real Estate in the Loop continues to be one of the best in the city. During the third quarter, sales of condominiums in the loop increased by 80 percent, according to the Chicago Association of Realtors.

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It seems that there is no end to the bad news coming out of the real estate market in Chicago. Sales are down across the city and condo owners are facing longer waits when it comes time to their property.

So in which neighborhoods does it take the longest to sell a condominium? Of all neighborhoods with more than 50 units sold during the third quarter, Woodlawn holds the unfortunate distinction as being the hardest sell in this difficult real estate market.

According to the Chicago Association of Realtors, condo owners in Woodlawn wait a little more than six months to find a buyer. The average turnover time in the neighborhood is at 187 days.

Albany Park comes next with an average turnover time of 158 days, followed by Kenwood, the Near West Side, and Grand Boulevard.

The Loop holds the distinction of being the easiest neighborhood to sell a condo. Rising rental rates and the excellent location in the heart of the city have kept up demand for condos in the area.

If you’re selling your condo in the Loop, it should take you an average of 62 days to find a buyer.

If you’re on the hunt for Chicago Real Estate, you should find lower prices over the next few months in most neighborhoods. It has become a buyer’s market in the city.

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Millennium Park is the newest gem in the Chicago park system.  The multi-million dollar project has renewed downtown.

There are several condominium developments currently underway  around Millennium Park that offer luxury residences in one of the best neighborhoods in the city.

The Heritage at Millennium Park is one of the newest developments offering luxury condominiums in the area.  The development is located at 130 North Garland.

Buyers have several floor plans to choose from at The Heritage at Millennium Park.  The 59-story building offers a total of 359 condominium units in the heart of the Chicago Loop.

Floor plans range from one to four bedrooms as well as luxury penthouse units.  One bedroom units start at 809 square feet.  The largest penthouse residences offer as much as 3,860 square feet of living space.

Prices at The Heritage at Millennium Park start at $246,500 and range up to as high as $2.7 million for the most luxurious units.

Parking is available for residents.  Prices start at $35,000 for a private space.

The Heritage at Millennium Park is one of several new luxury condominium developments currently on the downtown Chicago Real Estate market.

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