The area around Chicago’s riverfront is in many ways ground zero for new construction high-rises downtown. Within four blocks to the north and south of the river are over a half dozen new developments, notably the The Trump International Hotel & Tower Chicago and the Lakeshore East projects on the New East Side. It’s the views of many of those high-rises that make walking along the river such a treat, and once the city’s development of the riverfront is complete, it’ll likely be a popular destination for nearby residents. Here’s a look at some of the developments near the riverwalk that still have units on the market.
The Trump International Hotel & Tower Chicago
When we posted on the highly-publicized 92-story high-rise at 401 N Wabash St last month, Koenig & Strey had 85 units listed on the MLS. Studios were priced from the $530s to $1.35 million; one-bedrooms from the $570s to $1.55 million; two-bedrooms from $1.18 million to $3.57 million, and three-bedrooms from $2.85 million to $3.29 million.
There are also over 60 resale units with prices ranging from the $460s to $1.08 million for studios, the $490s to $1.19 million for one-bedrooms, the $990s to $2.62 million for two-bedrooms, and $1.99 million to $3.3 million for three-bedrooms.
Joe Askins was up in Aqua at 225 N Columbus Dr just last week. The partially rental development currently has 10 one- to three-bedroom units on the MLS ranging from the $470s to $1.2 million.
According to NNP Residential Marketing Manager Deanna Bennett, the 474 rental units in the development are over 30 percent leased. Studios and convertibles ranging from 564 to 681 square feet are priced from $1,478 to $1,940 a month; one-bedroom / one-baths with 734 to 854 square feet are priced from $1,964 to $2,374 a month; and two-bedroom / two-baths with 1,160 square feet are priced from $3,006 to $3,111 a month.
Parkhomes at Lakeshore East
Of the 25 townhouses in this development, only one is still on the market; a 2,500 square foot two-bedroom / three-bath listed for $1.275 million.
@properties has one unit in this Smithfield Properties development at 8 E Randolph St; a two-bedroom / two-bath in the $480s.
This 48-story high-rise at 505 N McClurg Ct has a total of 32 units currently on the market, seven of which are resales. One-bedrooms range from the $360s to the $600s and two-bedrooms are going from the $490s to $890s. Three-bedroom units are priced from the $820s to $1.29 million. The highest priced unit in the building is a two-bedroom / 2.5-bath penthouse that’s listed for for $1.938 million.
550 St Clair
I talked with Weichert Realtors First Chicago‘s Ron Ruby last week and he told me this building at 550 St Clair St was 82 percent sold, and developer Sutherland Pearsall Development was reducing prices on its penthouse units from the $1.4 to $2 million range to $1.078 to $1.533 million.
The development also has a couple studios, two one-bedrooms, four two-bedrooms and a handful of three-bedroom / three-bath units left. Prices for the studio “lofts” start in the $210s; the one- and two-bedrooms are priced from the $340s to the $520s; and the three-bedrooms are priced from the $730s to $880s. Garage parking is $50,000 per space.
600 N Fairbanks
According to the MLS, Schatz Development has nine units in 600 North Fairbanks still on the market. Two-bedroom / two-baths with 1,852 square feet are priced from the $840s to $890s. Three-bedroom / 2.5-baths with 1,536 to 1,832 square feet are priced from the $940s to $1.05 million. There’s a three-bedroom / 3.5-bath penthouse on the market for $2.4 million.
There are also 13 resales on the market ranging from a one-bedroom in the $380s to a two-bedroom / 2.5 bath corner penthouse unit for $1.8 million.