High society: fresh designs, buyer perks prevail in market for new condo towers
Wednesday, July 25th, 2007Riding a construction elevator up the side of an unfinished high-rise is not for the faint of heart. Only a rattling wire cage separates you from the vastness below – the shrinking cars and pedestrians, the blue haze of the lake. The ride to the top of 600 North Fairbanks, the 41-story tower designed by German starchitect Helmut Jahn, offers a panorama of the condo towers underway in Streeterville: Cityfront Plaza, across the street, at 240 E. Illinois St.; Parkview, at 445 E. Illinois St.; and 550 St. Clair, among others.
If that elevator could somehow take you past the roof, into the downtown sky, you’d get a bird’s eye view of a city peppered with construction cranes. New Homes in mid-July counted at least 54 residential high-rise developments of 15 or more stories on the market. A dozen new-construction high-rises of 10 to 14 stories also are planned or under construction, and nearly 20 high-rise buildings are being converted from rental or other uses into condominiums. (more…)

