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Astoria Tower

Luxury condominiums in the Chicago Loop are among the most sought after properties in the city. One of the newest luxury condominium developments to be offered on the market is the Astoria Tower.

The Astoria Tower is located at the corner of East 9th Street and South State St near Grant Park in the Loop.

The 30 story building will be completed in 2008, according to plans from the developer. The art deco building is a welcome new addition to the downtown Chicago skyline.

Buyers can choose from several different floor plans. Studio, one-, and two-bedroom condominiums are available in different layouts.

Amenities in the building include a 24 hour doorman service, conference center and private media room. Residents can also enjoy the library, billiards room, and golf simulation room.

Residents can entertain guests at the private party room.

The building also includes amenities such as a modern fitness center, extra storage space, and indoor heated parking.

A full service spa is one of the most popular amenities in the building. The Spa Life Center comes with concierge service, a pool and spa.

Residents can unwind in the sauna or enjoy a massage in this modern and luxurious spa.

All units enjoy excellent amenities such as high ceilings and oversized windows that open out to the downtown Chicago skyline. The incredible views and open layout offer a feeling of space in the condominiums.

The main areas of the units have hardwood floors. Kitchens come with the standard array of amenities including 42 inch cabinets, designer stainless steel appliances, and granite countertops.

Bathrooms offer a separate tub and shower, granite countertops, and designer fixtures.

Downtown Chicago living offers some of the best amenities and lifestyle in the city. The neighborhood is home to great nightlife, international cuisine, and cultural events throughout the year.

There are plenty of parks nearby to escape from the noise of the city. Grant Park and Millenium Park are both close to Astoria Tower.

Residents can also enjoy several museums in the immediate area, including the Adler Planetarium, Shedd Aquarium, and Field Museum.

Cultural events are held at the Chicago Theatre, Chicago Cultural Center, and Oriental Theatre, all within just a few blocks of home.

The real estate market in the Loop is going through a difficult period, with sales down around the neighborhood and the supply of available condos increasing every day.

According to the Chicago Association of Realtors, a total of 211 condominiums sold in the Loop during the second quarter of this year, down 20 percent from the same period last year.

The decline in demand may be due to tighter restrictions in the mortgage market that keeps many potential buyers out of the market.

Supply of condos in the area is also becoming a problem. According to the C.A.R. report, it now takes an average of 108 days to sell a condominium in the Chicago Loop. This is a 35 percent increase over last year.

The average sales price dropped for the first time since 1996 during the second quarter of this year. If demand stays low and the supply of condos for sale continues to remain on the market longer, sellers may be forced to drop prices even further to attract new buyers.