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Pearson on the Park

The Near North Side offers incredible opportunities for buyers looking for the best new luxury condominium developments on the Chicago real estate market. The area features the best shopping, nightlife, and cultural events available in the city, and gives residents an urban lifestyle not found in other parts of Chicago.

One of the newest developments offering luxury preconstruction condominiums on the Near North Side is Pearson on the Park, located at 222 E Pearson St in the heart of the Magnificent Mile. This project is led by Hawthorne Development Corp, a company with many years of experience in the Chicago area. One previous development by Hawthorne is located at 3410 N. Lake Shore Drive.

This development offers buyers a number of floor plans, ranging from two to three bedrooms. Pricing for two-bedroom units with one-bath starts at $417,900 and ranges up to $447,900. Assessments for these units start at $585. Another two-bedroom model that includes a balcony is priced from $430,900 to $478,431. Assessments on these units run $579 per month.

The largest units at Pearson on the Park are three-bedroom and two-bath condominiums that include a balcony. Prices for these large condominiums start at $519,900 and run up to as much as $597,900. Residents can expect to pay $699 per month for assessments. One parking space is included in the purchase price of all condominiums.

The building offers a 24-hour doorman service, party room with incredible views of the downtown Chicago skyline, valet parking, and a modern fitness center. Residents can also relax on the rooftop sundeck and get to know the neighbors.

Each unit comes with a designer kitchen with stainless steel appliances, granite countertops, and designer cabinets. The master bath offers marble vanities and floor tiles. Hardwood floors are found in the main areas of the unit, while bedrooms offer plush carpeting.

Residents at Pearson on the Park are steps from parks, restaurants, shopping, and cultural events on the Near North Side. The Navy Pier, Museum of Contemporary Art, and the Magnificent Mile are all within a short walk.

Commuters will love walking to work. The downtown business district is within 10 minutes of Pearson on the Park. There are also plenty of CTA buses and El trains available within just a few blocks.

Condos on the Near North Side continue to sell at a feverish pace. The neighborhood saw the most sales of any Chicago neighborhood during the third quarter. According to the Chicago Association of Realtors, a total of 846 condos were sold in the neighborhood during the third quarter, a 5 percent decline in sales from the same period in 2006.

However, prices continued to rise as professionals and retirees flock to the Near North Side in search of an urban lifestyle close to luxurious amenities. The average sales price during the third quarter was up another 5 percent from the same period in 2006, and shows no signs of slowing.

Several new luxury developments are underway around the Near North Side. The neighborhood benefits from an unbeatable location, and will almost certainly always maintain the value of your home. Find out why so many people are choosing the Near North Side for their next luxury Chicago home.