Developer plans to live in four-story Old Town project

CaptionPalais 1418, a four-unit development at 1418 N LaSalle St, would like to claim the Gold Coast as its home neighborhood – but alas, it’s a bit too far west, according to YoChicago’s comprehensive neighborhood boundary guide.

That puts the project closer to Old Town. All the same, Palais 1418 represents one of a few small-scale luxury projects under development on the Near North Side. We cover high-rise projects like Walton on the Park and 10 East Delaware quite a bit, but some luxury buyers might prefer their new homes to be a bit smaller in scale.

With that in mind, Palais 1418 fits the bill nicely. The project sits on a 33-foot-by-148-foot lot and expects to blend in with the surrounding neighborhood with a European-inspired limestone exterior. This stretch of LaSalle Street feels more like an urban boulevard, with vintage three-flats, tree-lined streets and a planted median.

Each three-bedroom / three-bath home totals about 2,500 square feet and features a wood-burning fireplace, separate wine refrigerator and Juliet balconies.

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Developer Ron Ysla (the builder behind Washington Boulevard Lofts in the West Loop) plans to live in the penthouse condo. Three homes remain, each named for a quaint French town: Antibes, Biarritz and Chamonix. All three are priced at $1.25 million, which brings the price-per-square-foot in at just under $500. Deliveries are expected in June.

Rubloff’s Clare Zaro has the listing.

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