Elaine Doremus 2014-07-28 04:27:46
The luxury housing market in Chicago continues to grow with no end in sight. Beautiful rehabs of historic Buildings, over-the-top single-family homes and new amenity-rich developments are in the works or already on the market—and some in neighborhoods you might not expect. IF YOU BUILD IT West Loop Imagine a building designed with two contrasting motifs—one side resembles the original manufacturing lofts that once distinguished the area, and around the corner, a light, glassy box. This is just what JeffJack Holdings, in partnership with architect/developer Thomas Roszak, Dan Moceri and Oak Residential Partners, are building on the southwest corner of Jefferson Street and Jackson Boulevard. JeflJack is a LEED Silver-certified 15-story, 190-unit apartment project that will have an urban, sophisticated vibe with a bespoke hotel-like Lobby and tons of amenities, including a landscaped eco-garden and deck on the fourth floor with a green lawn, trellis and morning yoga. Rise and shine! Jeffjackapartments.com GO FIGURE 69 The number of homes sold for $1 million or higher in Lincoln Park so far in 2014. (The highest price was $5.1 million for a home at Hudson and Armitage streets.) ESTATE SCALE The hot real estate market just got a little more posh at the top end. On June 30, the most expensive single-family home currently for sale in the city went on the market for a cool $18.75 million. The sprawling home, at 1955 N. Burling St. in Lincoln Park, is spread over five city lots and features spectacular gardens inspired by Dumbarton Oaks Gardens in Washington, D.C. The owners hired Chicago landscape architect Douglas Hoerr and asked him to create the garden to complement one of the city's most exceptional homes. The estate was completed in 2004, and was designed by Chicago-based BGD&C, a favorite of many luxury homeowners. The current sellers (the home's second owners) were able to obtain the two lots to the south of the main residence for the lavish garden, which they built on top of an underground pool and spa, and a charming two-story guest home. In addition to seven bedrooms and eight full baths, the 20,000-square-foot property (comprising both the main home and the guest cottage) features an attached six-car garage and an amazing home theater. Everything is located behind private walls, naturally. "There is so much to love about this estate," says listing agent Janet Owen of Berkshire Hathaway KoenigRubloff Realty Group. "I love the fact that every room is inviting and to scale. You don't feel like you are rambling around a big house with huge rooms; everything is scaled just right. The design is perfect for entertaining, but also perfect for raising a family and for accommodating guests." Realtorjanetowen.com NEW ON THE STREETS LINCOLN PARK Seven could be your lucky number, if you score one of only seven units in Belgravia Group’s planned boutique luxury building at 328 W. Wisconsin st. Sleek, minimalist, efficient design defines the light-filled, three- and four-bedroom units with Snaidero cabinetry; Sub-Zero, Wolf and Miele appliances; quartz counters; large terraces; plus two or three garage parking spaces included. Belgraviagroup.com East looP 73 E. lake st. opened in May and features not only a sundeck for its human residents, but also a pet spa, and heated and covered dog run. Of course the 42-story rental tower also has an indoor pool, fitness studio and the Sky Lounge—a 2,000-square-foot event room with killer views. Experience73.com I QUOTED "The high-end apartment towers, hotels and condos that are being developed in Chicago are redefining luxury. The move is away from staid and heavy to more contemporary and modern. But it's not just new construction, these forward-thinking designs work well with traditional architecture and ideally marry an older building with a new look." JOHN T. MURPHY, WHO DEVELOPS HIGH-END, LUXURY PROPERTiES, iNCLUDiNG LiNCOLN PARK 2550 AND HYATT 'THE LOOP' ChiCAGO GO FIGURE 504 The apartments in the just-opened, 60-story, ultraluxury rental tower OneEleven, one of only a few luxury rental buildings in the Loop. "Every inch of OneEleven is dedicated to providing city renters the sophisticated lifestyle they expect of a five-star building in this vibrant, urban setting," says Curt Bailey, president of Related Midwest, the developer of the building. Throw in more than 3 0 , 0 0 0 square feet of indoor and outdoor amenity areas, along with a Kara Manndesigned lobby, and this building is sure to be one of the hottest of 2014. Rent starts around $ 2 , 000a month. Oneelevenchicago.com RICH AMENITIES FOR FUN (AND COMFORT Fran broude has got her finger on the pulse of Chicago and the luxury real estate market. Recently named to Swanepoel’s list of Most Powerful People in Residential Real Estate, Broude is Coldwell Banker’s president and COO for Chicagoland and Milwaukee. We talked with this broker and power player to get her take on what trends she sees in the luxury market. Nrtllc.com What unique amenities are you seeing that provide a new take on luxury housing? In Chicago, we like to take advantage of as many warm days as possible to enjoy the outdoors. Th erefore, outdoor living space becomes a key amenity. What we’ve seen become a new standard in luxury homes is enhanced outdoor living features, like heated patios for year-round use and full-service outdoor kitchens. What are some of the most state-of-the-art technology trends? Some of the hot items that add luxury and convenience are refrigerators that you can text while grocery shopping with questions such as, ‘Do I need milk?’ Th e refrigerator texts you back the answer and will also text you dinner recommendations based on what is actually in the refrigerator. Futuristically, we are likely to see more electronic sensors and monitors in the luxury home than a modern hospital room had two years ago! Bathroom mirrors will analyze your breath and carbon dioxide, and automatically adjust lights. More importantly, sensors will be able to detect a heart attack before it happens. What will we see in luxury developments in the next decade? Chicago’s luxury market is really strong right now and continues to grow to be on par with markets like New York, Los Angeles and Miami. A trend that is rising in popularity in Manhattan luxury living is the double master suite and bathroom layout. As the way that we cohabitate continues to change, it wouldn’t surprise me if we saw developers going this route to satisfy the needs of the modern buyer. GET THE POSH LIFE CannonFrank interior designers pride themselves on creating comfortable, timeless and enduring living spaces. Case in point: Th is condominium with ultrahigh ceilings on Michigan Avenue. Co-principal John Cannon calls out some key pieces that distinguish this project, and might inspire your own. 1 Wall hanging by Michael Stevens, Michigan, $6,000, 269. 405.2483 “This 84-by-54- inch single slab of 3-inch thick solid maple has been handpolished over and over again and serves as stunning wall art.” 2 Custom fireplace cabinetry designed by CannonFrank, $15,000, cannonfrank.com “The custom open-grain walnut cabinetry surrounding the fireplace was designed to display three pieces of Zen art at a time.” 3 Pair of custom rosewood tables designed by CannonFrank, $13,000 “We opted for a pair of custommade rosewood tables to enable flow. Each table contains three drawers to display new collections within.” 4 Pair of Holly Hunt chairs, $14,000, 312. 661.1900, hollyhunt.com “The modern pair of Holly Hunt chairs are covered in an off-white pearlescent leather and are made in Sweden, thus the natural comfortable contour.” 5 Area rug by Hokanson, $24,000, 312. 832.0455, hokansoncarpet. Com “To set off all the neutrals and pick up some of the colors from the art collections, we chose this flaming red Hokanson plush area rug in a classic Greek Key pattern.” TOUCHABLE TECH The future is now—at least in the luxury home market. Forget trying to figure out how to set up your Internet. Today's mansions, like the one for sale at 1845 N. Mohawk St., come pre-wired for everything from advanced home security to heated shower seats. And according to Daniel Otto, a broker for Conlon Real Estate who is handling the $3.85 million listing, maybe the best feature is the snow detection system that turns on when it senses snow in the air and automatically heats the home's sidewalks, front steps, back patio and garage apron. No shoveling? No ice? That's a tech miracle. Conlonrealestate.Com GO FIGURE $13.75 The listing price, in millions, of A n Lurie's almost 19,000-square-foot mansion on N. Dearborn st. in the Gold Coast. The home—which is co-listed by Emily sachs Wong and sarah Lurie (the daughter-in-law of Ann Lurie)—has 12 bedrooms, 12 full baths and a full-size elevator. It is currently the most expensive single-family home listing in the gold Coast. Atproperties.com MOVING UP & OUT More and more empty-nesters are moving to amenity-rich buildings that cater to their discriminating tastes and active lifestyles, but still in an urban hub rich with arts, culture and entertainment—not to mention the lakefront. In this case, we're not talking about Lake Shore Drive but Evanston, which seems to be ahead of the curve in anticipating what active seniors want. Enter The Merion, Horizon Realty Group's $20 million renovation of a historic Evanston building into 140 completely remodeled luxury apartments. Additional services and amenities include a theater, library, fitness center, three dining venues and an elegant two-story Crystal Ballroom and Lounge available for private parties. Apparently, retirement and luxury living can go hand in hand. Merionevanston.com QUOTED "The luxury home market is creeping out from the traditional centers of Lincoln Park and the Gold Coast. What's defining that movement is a group of buyers less interested in being in a neighborhood defined as 'luxury' and more interested in a finely crafted home in a neighborhood with restaurants, shops, transportation and a diverse mix of people and homes." DEBRA DOBBS, A BROKER ASSOCiATE WiTH ©PROPERTIES, RECOGNiZED BY THE CHICAGO ASSOCIATION OF REALTORS FOR BEING IN THE TOP 1 PERCENT OF ALL AREA AGENTS IN 2013 SOUTH LOOP ECO-FRIENDLY LOFT LIVING After five straight years as one of the hottest hoods in Chicago, the South Loop continues to draw in residents from around Chicago and the country— people who want to be downtown, but also want space and amenities. Enter the new AMLI Lofts, scheduled to open to renters late this month. The two 11-story residential buildings (with a shared courtyard) feature 398 units with contemporary interiors, like 10-foot ceilings and spiral ductwork. Rentals start around $2,000 a month. (Another huge draw is the ample on-site parking that you just can't get further north.) "Rentals have gone extremely well so far," explains Stephen Ross, executive vice president of development at AMLI Residential. It's no wonder. The building has an exposed brick and concrete aesthetic, along with private balconies in most units. To top it all off, AMLI specializes in eco-friendly living: Designed and constructed for LEED Silver designation and as part of Chicago's Green Permit Process, AMLI Lofts aims to minimize environmental impact, maximize energy efficiency and embrace a healthier living environment for its residents. In addition to being a smoke-free community, there are more than 25,000 square feet of outdoor landscaped areas, and a private dog park, an outdoor grilling and party area, a heated pool and a gym with a yoga studio. This is city living with style. Amli.com HOOD HIGHLIGHTS Acadia Inspired by the name given to lands of the French colonial empire, owner and chef Ryan McCaskey serves contemporary American cuisine. We suggest the tasting menu. Why stop at one? 1639 S. Wabash Ave, 312.360.9500, acadiachicago.com Bridgeport Coffee This spot consistently makes the best coffee lists in the city. Pour-overs and single-origin espresso are the plays. 1021 S. Delano Court W, 312.588.1633, bridgeportcoffeecompany.com Montopoli Custom Clothiers Choose from the world's most luxurious fabrics to create a tailored wardrobe. This bespoke shop of 5 5 years will have you looking sharp. 714 S. Dearborn St, 312.987.0987, montopolichicago.com MOVING ON UP CONTEMPORARY GOLD COAST It's a common conundrum: You want to live in the coveted Gold Coast, but you want to own something new, modern and fabulous—and there isn't much offered that meets your contemporary desires. Until now. Let us introduce 4 East Elm, the first new-construction high-rise condominium planned for the Gold Coast since 2007. Sales started early this summer, and construction is scheduled to begin in the fall. "There is pent-up demand for large new-construction condominiums in the Gold Coast," says Michael Golden, co-founder of ^properties, which is selling and marketing the units. "The luxury buyer wants more space and newer finishes, and nothing has been built in years." Golden says sales have exceeded expectations. The 24-story, sleek glass Tower—developed by Convexity Properties and designed by Chicago-based Solomon Cordwell Buenz with interiors by Gary Lee Partners—will feature expansive threebedroom condominiums, each with more than 3,000 square feet of living space. Residences will be luxuriously finished with Florense cabinetry; Sub-Zero, Wolf and Miele appliances; quartz or natural stone countertops; and private outdoor space. Floor-to-ceiling windows will give homeowners views of the city and, from upper floors, Lake Michigan. Prices begin at $2.1 million for 3,096 square feet and go up to $7.2 million for a full-floor residence with more than 6,600 square feet. Atproperties. Com 'HOOD HIGHLIGHTS Nico Osteria Enjoy the grilled w i l d king salmon topped with tarragon-mustard vinaigrette and cucumber at this Italian-inspired seafood restaurant at the Thompson. Don't forget dessert. Olive oil cake, anyone? 1015 N. Rush St, 312.994.7100, nicoosteria.com Scoop NYC Shop together for men's and women's top designers, like Vince and Rag & Bone, at this boutique. 1009 N. Rush St, 312. 649.9880, scoopnyc.com Blow by Blow G o to this blowout bar to get pampered while sipping on bubbly and watching a film. 67 E. Oak St., 312. 867.0332, blow-by-blow.com AMENITY HEAVEN The region's best new luxury condos are setting a new standard for service. Here are five in-house resident perks that are simply over-the-top. 1 The Ritz-Carlton Residences, Chicago Head to the private Landmark Club's wine tasting room, complete with temperaturecontrolled wine bins—one reserved for each resident. 118 E. Erie St, 312.846.7006, theresidenceschicago.com 2 Aqua Lakeshore East The exclusive Magellan Rewards program boasts discounts to 150 local partners and invites to special events throughout the city. 225 N. Columbus Drive, 312. 278.2782, magellandevelopment.com 3 Hubbard Place The automated and innovative mail delivery system allows residents to pick up packages at their leisure in fine, built-in wooden mailroom drawers. 360 W. Hubbard St, 312.828.0360, hubbardplacechicago.com 4 Lincoln Park 2550A1.25-acre private park offers serenity. Nestled within its expanse: a child's playground, designated dog exercise area and 69,310 plant varieties. 2550 N. Lakeview Ave, 773.248.2550, lincolnpark2550. Com 5 Trump International Hotel & Tower Residents have access to a private chef w h o can prepare and present a gourmet meal every night or for a special occasion. 401 N. Wabash Ave, 312. 644.0900, trumpchicago.com
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