Downtown Chicago Real Estate is Key as City Becomes International

Chicago is moving closer and closer to being a major international city, marked most recently by a visit from Chinese leader Hu Jintao. A visit from such a high-caliber leader means big things for the city, particularly considering that Chicago was the only city outside of Washington D.C. that Hu Jintao paid a visit to during his U.S. trip. Many see this as the beginning of a powerful relationship between China and Chicago, which could bring jobs to the Midwest, plus boost Chicago’s global profile and a hub for commerce and tourism. Signs like this indicate that Chicago has a bright future in the business and economic environment, making it a great city for relocating global jobs.

A Global Push for Chicago Real Estate
As the profile of Chicago as an international city continues to grow and mature, so does Chicago real estate. International executives and clients begin shopping Chicago homes for sale and Chicago condos to evaluate living in the second city. Because Chicago real estate is so inexpensive compared to other major U.S. cities, potential residents will most likely look toward downtown Chicago for housing, and downtown’s luxury new construction offerings may be the answer for them. Only in Chicago will luxury buyers find an exquisite condominium in the heart of the city at a fraction of the price of New York, San Francisco, Washington D.C. and Los Angeles.

Options in Chicago luxury real estate
As Chicago becomes more international, the downtown area will no doubt become the core for business activity, and nearby properties and new construction will serve new residents well. Chicago condo buildings that put residents near downtown include:

Trump Tower: Finished in 2008, Trump Tower is designed to provide residents with everything they would need without having to leave the building. The staff at a building like Trump Tower is trained to handle the most unique and demanding needs of its residents, all while maintaining the utmost privacy for those who live there. Other amenities include 24-hour room service, Trump Spa and Health Club, access to meeting and banquet rooms, a full-service concierge and a 24-hour white glove doorman.

The Elysian: The Elysian has continued to be a much-talked about development in Chicago new construction projects, closing more then $36 million in sales in one week late in 2010. These Chicago condos are set apart by the superb attention to detail throughout he building and service from the Elysian staff that ranges from personalized laundry service to having dinner made in your home.

Ritz-Carlton Residences: Offering the ultimate in concierge service, the Ritz-Carlton Residences were tailor-made for the senior executive on the go, with the ability to even assist him or her in doing business within the building. The Ritz-Carlton Residences also offer the most upscale finishes than any other building in the city, and exquisite architectural details will be throughout the lobby and entire building. Resident can enjoy the assistance of a five-star, Ritz-Carlton-trained staff, and the panache of the name itself means these units will have great future resale value. Privacy and personal attention are the hallmarks of this building as well, a crucial detail for many business executives.

50 East Chestnut: For those looking for space in an urban setting, a unit in this Chicago new construction building takes up an entire floor, making it one of the city’s most exclusive buildings. Located in the Gold Coast neighborhood, 50 East Chestnut puts residents near Michigan Avenue, the lakefront and the city’s high-end shopping area at Rush and Oak streets.

Palmolive Building: A landmark building but with all the grandeur of a modern property. Known for its iconic art deco architecture, the Palmolive also boasts top concierge services, a great location near the north end of Michigan Avenue, and Chicago condos that have undergone a transformation in the last decade to become the high-end residences they are today.

In this volatile economic environment, it’s great to see Chicago at the forefront of international relations and business. With everything the city has to offer, especially in real estate, Chicago is a great place for business. If you’re considering relocating to Chicago, give me a call at (312) 498-5080 or email me at ssalnick@dreamtown.com.

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