A surge of interest has enveloped the real estate market as two exquisite condos, each valued at over $9 million, secured buyers in the illustrious One Chicago tower. Nestled beside the Holy Name Cathedral, this towering 76-story structure has become a focal point for luxury living.
Comprising an entire floor apiece, these lavish condos boast expansive interiors, spanning approximately 6,100 square feet each. One unit, perched on the 67th floor, features an impressive 840-square-foot outdoor area, with an initial listing price of $9.75 million. Similarly, its counterpart on the 72nd floor carried a price tag of $9.5 million. Both properties are currently labeled as "contingent," signifying that certain details, such as financing arrangements, await resolution before formal contracts are solidified. Consequently, the potential exists that these transactions may not come to fruition. Should the condos sell at or close to their listed prices, they could potentially secure positions within the upper echelons of the year's highest-priced residential sales. However, a formidable contender is an equally impressive unit on the 73rd floor, which entered an under-contract status in January, boasting a staggering price approaching $14 million.
Details regarding the final sale prices of these three properties, along with completion timelines and transaction closures, have been withheld from the public. Among the range of residential options within One Chicago, six whole-floor condos are on offer. Presently, three of these units have been claimed, while an additional listing, located on the 71st floor, recently emerged on the market at $9.25 million.
Positioned at the intersection of Chicago Avenue and State Street, One Chicago stands as a seamless union of two interconnected towers, sharing a common podium. The upper tiers of the 76-story tower encompass an impressive 77 condos, complemented by 735 rental apartments in the adjacent 49-story tower. Data gleaned from the Cook County clerk’s archives reveals that 27 condos have been successfully sold, representing approximately 35% of the available residences. Prices for these residences span a range from $2 million to $6.1 million. Notably, the trio of premium units under contract currently encompass raw space, which will be meticulously tailored by JDL Development to the buyers' preferences, without incurring supplementary costs beyond the already indicated purchase prices.
