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10 East Delaware

The Gold Coast is home to some of the best new Chicago luxury developments. The neighborhood's excellent location and long-standing place as the top area of downtown Chicago continues to attract developers.

One development that is offering some of the most luxurious units on the market is 10 East Delaware. The project is the latest by Prime Group Inc, a developer that has brought several luxury condominium developments to the Chicago region. 10 East Delaware offers a classic elegance that brings back the heyday of Chicago architecture. The building was designed by Lucien Lagrange, the same architect behind the award winning X/O condominiums.

A total of 121 units will be available at 10 East Delaware, with floor plans ranging from one to three bedrooms. Completion of the development is slated for 2009, and about 60 percent of the project has already been sold.

The most affordable unit at 10 East Delaware is a one-bedroom and 1.5-bath condominium with a total of 945 square feet of living space, including a 90 square foot balcony. This unit is priced from the high $300s. The largest non-penthouse unit is an expansive three-bedroom and 3.5-bath condominium. This unit offers a total of 2,715 square feet of indoor living space and two expansive balconies.

Several three-bedroom penthouse units are also available, with prices ranging up to $1.7 million for these expansive top-floor residences.

The long list of luxury amenities at 10 East Delaware put this development among the best on the market today. The gourmet kitchen comes with natural stone countertops, a top-of-the-line appliance package, and custom cabinets. Residents can relax after a long day in the spa-like master bathroom, which features a Toto soaking tub and separate walk-in shower.

The development also offers a number of common amenities, including a rooftop deck and swimming pool, the perfect place to enjoy the incredible views of the downtown Chicago skyline while entertaining friends and family or getting to know the neighborhood.

The development also offers climate-controlled parking, extra storage, a private club with kitchen facilities, a modern fitness center, and a full range of hotel-like services available 24 hours a day.

This development is truly one of the best on the market. Residents are steps from everything Chicago has to offer. Walk to work or take a taxi from 10 East Delaware. Public transportation, restaurants, nightlife, cultural events, and museums can all be found within just a few blocks of home.

The Gold Coast continues to lead Chicago in sales and new construction. The neighborhood is part of the Near North Side statistical area. According to the Chicago Association of Realtors, sales in the area dropped as demand fell for condos across the city.

According to the report a total of just 557 condos were sold during the first quarter, down from 679 condos sold during the same period last year and well off the high of 1,141 condos sold during the first quarter 2005.

However, prices in the area skyrocketed during the first quarter as several new developments opened their doors. The average sales price jumped by 24 percent from the same period last year during the first quarter. With such an excellent location and an amazing urban lifestyle, the Near North Side promises to lead the real estate market for many years to come.