Live in an Urban Village: The New Lakeshore Community

Purchasing Chicago real estate downtown, in Streeterville, or in the River North holds plenty of appeal, especially if you work in the Loop – the commute is short and everything you’ll want, from groceries to high end shopping, is only a few short blocks or a quick taxi ride away.  On the other hand, the constant noise and grit of the urban environment can leave you longing for the quiet and green space of the suburbs.

Fortunately, there is now a happy medium – the new Lakeshore East community, located just east of the Loop and directly north of Millenium Park.  It is home to seven contemporary skyscrapers as well as the upcoming luxurious Parkhomes (which start at $1.5 million and will be ready for occupancy mid-2009).  Centered around an expansive, pet friendly park (that even has free WiFi for residents), this mixed commerical and residential community is one of the most exciting developments on the Chicago real estate scene. Furthermore, the site is already home to a bank, a coffee shop, and several restaurants, with plans for a CVS pharmacy and drugstore, an elementary, and a grocery store in the future.

Perhaps the most prominent part of Lakeshore East is the Aqua building, which will be completed by mid-spring 2009.  With eighty-two stories that each feature unique terraces, making the facade resemble rippling water, this high rise is anchored by a 80,000 square foot deck complete with gardens, pools, fire pits, gazebos, and cabanas – the perfect compliment to the adjacent park.  Condos will range from $485,000 to $1.6 million.

Of course, the other buildings in the community are certainly more than worthy of consideration as well.  The 340 on the Park is a LEED certified structure with a high percentage of locally sourced building materials and units with spectacular views of Millenium Park, the Chicago skyline, and Lake Michigan.  The neighboring Chandler and Lancaster were the first buildings to be completed in the development, and what these relatively dimunitive buildings lack in height they make up for in amenities like indoor pools and landscaped rooftop decks.

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