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Metropolitan Tower

The Loop is Chicago neighborhood to see a huge growth in sales of condominiums and lofts in recent months. Buyers on the market for the finest luxury real estate in the city are flocking to the area to take advantage of some of the best new Chicago developments.

One development that has preserved a piece of Chicago's rich architectural history is Metropolitan Tower. This building was originally built in 1924 and was home to offices until it was completely renovated and converted into luxury residential units in 2007. The building offers a total of 210 condominiums and penthouses for sale.

Buyers can take advantage of several great luxury condominiums with prices ranging from the $300s to more than $2 million. The most affordable condominium currently for sale at Metropolitan Tower is a one-bedroom and one-bath unit that offers a total of 751 square feet of living space. This condominium is priced at $329,999. Other one-bedroom units are priced up to $396,467.

Several two-bedroom condominiums are also available. The most affordable condominium for sale offers a total of 1,308 square feet of living space. The price for this condominium has been reduced to $489,000, after originally being listed at $499,000. The largest two-bedroom unit is listed at $1 million, and offers 1,401 square feet of living space.

For just a bit more, buyers can find a three-bedroom and 2.5-bath unit that offers a total of 1,585 square feet of living space. This unit is priced at $1.04 million. The largest townhome at Metropolitan Tower is a three-bedroom and four-bath unit located on the second floor. This two-story townhome offers a total of 3,425 square feet of living space, and is priced at $2.2 million.

Renters can find several units at 310 S Michigan. One-bedroom condominiums are available for between $1,650 and $2,000 per month. Two-bedroom condominiums are priced from $2,500 to $4,000 per month. A four-bedroom condominium is also available for $4,950.

These luxury condominiums come with a long list of incredible amenities. The gourmet kitchen comes with GE Monogram stainless steel appliances, hardwood cabinets, and granite countertops in a choice of colors. The master bath offers a six-foot soaking tub, Grohe fixtures, and marble countertops. Residents also enjoy features common with older buildings, such as crown molding, lots of closet space, and oak hardwood floors. Other amenities include a washer and dryer and carpeted bedrooms.

The building also includes a number of common amenities. All residences come with a great open view of Grant Park, Millennium Park, and Lake Michigan. Residents also enjoy a 24-hour doorman, modern fitness center, storage lockers on the same floor as each residence, and bike storage. The building also includes a large sundeck, indoor parking garage, and onsite management office.

Metropolitan Tower is one of the most exciting new developments in the Loop. The area has seen a huge increase in the number of ultra luxurious condominium projects in recent months. Sales were up by more than 80 percent in the area during the first quarter, with 304 units sold around the Loop. Prices are also skyrocketing in the area. The average sales price was up by 30 percent during the first quarter, and should continue to rise on strong demand.