One by one, each of RDM Development‘s projects shifted over to Jameson Real Estate this year. The brokerage started marketing Trio in January and Vision in June, so it comes as no surprise that it has taken on 1400 Lake Shore Drive as well. The company’s hook for the converted tower is a doozy: “Prestigious Lake Shore Drive address in the heart of the Gold Coast for prices we haven’t seen since 1988!”

For the sake of comparison, we reported in late 2008 that Coldwell Banker was marketing studios from the $140s, one-bedrooms from the $180s, two-bedrooms from the $290s to the $570s, and three-bedrooms from the $320s to the $590s. Many of the building’s resales, including four short sales located there, fall within those ranges, the only exceptions being a number of small studios that are priced from the $110s and $130s.
The 83-year-old tower at the northwest corner of Lake Shore Drive and Schiller Street was designed as a hotel but ended up as a co-op apartment building until the 1950s, when the apartments were converted to luxury rentals. At the outset of the building’s most recent conversion, RDM had planned to sell homes “as-is” or with upgrades. According to Jameson’s new listings, however, all units will be renovated with maple cabinets, stainless-steel appliances, granite countertops, and glass mosaic backsplashes.
Amenities at 1400 Lake Shore Drive include a fitness center, a 24-hour door staff, a rooftop deck, dry cleaning, and a commissary.


That is very interesting… My good friend used to live on the 8th floor in a corner unit back when it was a rental unit… When it was converted to a condo he was offered the room for purchase but could not come close to afford it at that time. I wonder what that place is going for today..