Video – new Gold Coast condo tower breaks ground

Convexity Properties held a ceremonial groundbreaking yesterday for 4 East Elm, the first new condominium high-rise to begin construction on Chicago’s North Side in five years and the first in the Gold Coast since 2007. The development offers 35 half- and full-floor condominiums ranging in price from $2.2 million to $7.2 million.

Sales began this past summer and nearly half of the building is under contract.

The 27-story building at the northeast corner of State and Elm streets will feature three-bedroom, 3.5-bath floor plans ranging from just under 3,100 square feet to 3,515 square feet. Plans can also be combined, allowing for full-floor residences with more than 6,600 square feet of living space.

Homeowners will also have access to a variety of amenities, including a landscaped sundeck, an outdoor pool and spa, clubhouse lounge with a full kitchen and flat-screen TV, movie screening room, fitness center, 24-hour door staff and private garage parking.

4 East Elm is scheduled for completion early in 2016.