Chicago Condo Directory

The luxury Shangri-La hotel chain will make its first foray into the American real estate market in Chicago.  The 90-story Waterview Tower will offer a total of 200 condo hotel rooms.

Chicago residents looking to live in what promises to be one of the landmark buildings in the city can also choose from 233 luxurious condominiums to be built in the Waterview Tower.

Condominiums at the Waterview Tower will offer studio, one, and two bedroom floor plans.  Prices for the studio units start at $500,000, while one bedroom units are priced from $1 million.  Two bedroom condominiums start at $1.3 million.

Residents and guests of the Shangri-La will enjoy the best five-star amenities on the market.  A full-service hotel staff will cater to all of the necessities.  Valet, concierge, and room service staff will be available 24 hours a day at the Shangri-La.  Condominium owners will also be able to take advantage of this incredible service.

Residents will also enjoy the Chi Spa, a full-service spa that features an indoor pool, sauna, steam room, and massage center.

The completion of one of the most widely anticipated Luxury Chicago Condos is planned for 2009.

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The market for condos on the Near West Side of downtown Chicago has taken a beating in the past few months as demand has dropped to levels not seen in five years.

According to the Chicago Association of Realtors, a total of 383 condominiums were sold in the neighborhood during the third quarter, the lowest total for the quarter since 2002.  It is also a 31 percent drop from the same period last year.

Developers and condo owners are facing an increasingly difficult market as the inventory of unsold condominiums increases in the area.  If you’re selling your condo on the Near West Side, it will now take you an average of 149 days to find a buyer, the longest turnover time the neighborhood has seen since 1999.

However, buyers aren’t seeing the deals that are appearing in other neighborhoods as a result of the slowdown in sales.  Prices were up another 11 percent, with the average sales price now standing at $369,274.

If you’re considering one of the many Luxury Chicago Condos on the Near West Side, watch out for lower prices if demand continues to slide in the area and the inventory of condos on the market increases.

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Construction continues on one of the newest luxury developments to come to the Prairie Station section of downtown Chicago.  The Aristocrat Tower promises to bring an added touch of the good life to the neighborhood.

Buyers will have plenty of floor plans to choose from.  Each floor at the Aristocrat Tower offers a total of seven different floor plans.  There are one and two-bedroom condominiums available, offering an incredible list of amenities.

Each unit comes with stainless steel appliances, granite countertops, and custom cabinets in the kitchen.  Bathrooms offer a separate shower and soaking tub.  Oversized windows open out to incredible views of the downtown Chicago skyline.

Building amenities include a 24-hour doorman service, extra storage, and a large landscaped rooftop deck.  An exercise room and dog run are also included at the Aristocrat Tower.

Residents will enjoy one of the best locations in the city.  Commuters are just minutes from the downtown Chicago business district.

Parks and museums are all within walking distance of the Aristocrat Tower.  Grant Park, Millenium Park, and walking trails along Lake Michigan all are excellent options to escape from the noise of the city and find some peace and quiet.

The Aristocrat Tower is one of many excellent Pre Construction Chicago Condos for sale in the area.

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