Chicago Condo News

The Chicago Spire announced sales figures for the first time for the building. According to the developer, Garrett Kelleher, sales in the ultra luxurious high-rise have reached the 30 percent mark.

Doubts still surround the project, which had faced some problems getting off the ground until Mr. Kelleher stepped in to take the project to the sales phase. In boom times in the city, developers generally have to have at least 30 percent of the units sold to obtain financing for the construction of the building. However, banks and lenders are now tightening requirements, forcing developers to pre-sell more units before going ahead with the project.

Prices for condominiums start in the mid $700s for a studio unit, making the Chicago Spire the single-most expensive condominium development in the city. Condominiums are priced up to as much as $40 million for the penthouse unit.

The sales team for the Spire has embarked on a trip around the world to raise interest in the ultra luxury building and sell Chicago as an international destination. A cheap dollar and rising wealth in countries such as China has led to a lot of interest in the Spire from foreign buyers.

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The Chicago real estate market continues to offer incredible luxury developments in the best neighborhoods in the city. Buyers looking to live in the landmark Chicago building in the 21st century can take advantage of one of the many units currently on the market at the Chicago Spire.

The Chicago Spire will offer plenty of luxury amenities that will make it hard to leave home. The fifth, sixth, and seventh floors will be totally dedicated to providing a unique living experience for all residents.

The seventh floor offers a business center, theatre, coffee shop, bar, private dining room, cigar room, billiards, and retail space. The sixth floor has spa services such as yoga and pilates, as well as a rock climbing gym, basketball courts, and another café.

The fifth floor at the Chicago Spire is home to a 70-foot lap pool, children’s pool, and jacuzzi. Residents can also find more spa services, including massages and facials on this floor.

The Chicago Spire is truly the most exciting new development to come to the condominium market in the city. Don’t miss out on the opportunity to live in the landmark building on the Chicago skyline.

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LR Development is the developer behind one of the most anticipated new projects for the Millennium Park area. 340 on the Park will offer a total of 343 luxury condominiums at 340 East Randolph Street, in the New East Side neighborhood.

Buyers can choose from several different floor plans in the 62-floor building. One, two, and three-bedroom units are available, including several luxurious penthouse units. One-bedroom condominiums range in size from 1,186 square feet to 1,337 square feet, with prices starting in the high $300s.

Two-bedroom units have from 1,500 square feet to 2,045 square feet of living space, with prices starting from the mid $500s. Three-bedroom units offer from 2,222 square feet of living space to more than 5,489 square feet of living space in a luxury penthouse unit. These incredible condominiums are priced from $1.3 million, while the largest penthouses are priced from $2.6 million.

Residents of 340 on the Park will enjoy a number of luxury amenities, including a full spa and modern fitness center. The development also offers a huge lap pool, sauna, hot tub, and locker rooms. Residents also enjoy 24-hour doorman and concierge service, indoor heated parking, and ground floor retail.

340 on the Park is one of the most luxurious developments currently on the market. Check out many other Chicago Condos For Sale today.

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