340 on the Park Condominium

SOLD!  Under contract in only 21 days.

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Spectacular, spacious one bedroom end unit at 340 on the Park. Cherish stunning protected views of Millennium & Grant Parks, Lake Michigan, Monroe Harbor & panoramic cityscape. Unit features a 12′ x 10′, private balcony, 9′ ceilings, Snaidero cabinets, bamboo floors, quartz ctrs, GE Monogram ss appl, high-end finishes. Enjoy breathtaking amenities, wintergarden, club room, 75′ 2 lane lap pool, 4000 sq ft fitness center & more. $720,000


parking available for purchase

Videolink

Please call for additional details:

Victoria Carton
@properties
312-731-2500

Read Chicago Architecture writer Lynn Becker’s latest at his blog:

“Lyric Opera of Chicago has not endorsed the proposed new site for the Children’s Museum, and did not authorize inclusion in the advertisement which appeared Sunday in the Chicago Tribune.”

…then…

From the Sixth Ward blog…

In a recent debate before the Union League Club, museum president Jennifer Farrington admitted that they had refused to consider neighborhoods on the Southside, Westside or Northside (like mine, Uptown), because those neighborhoods contain negative connotations which “may make families feel like it?s not a place for them.” (May 6th)

…also in the news…

Chicago to vote on moving children’s museum to lakefront park

City Council Showdown Nears for Kids’ Museum

The taking of Grant Park

WTTW - “Tell us what YOU think!”

SaveGrantPark.org

comment section open

Yes indeed, 340 on the Park is a pet friendly condominium!  

Conveniently located behind 340 E Randolph, is the well designed dog park within Lake Shore East Park. 

(check back soon for close-up photos of the dog park)

Chicago Park District lists this DFA location and others on their website.

Here’s the complete list for your convenience: 

Columbus Drive and 9th Street

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340 on the Park - Unit #1100 - SOLD 340 on the Park - Unit 3201 - under contract

LOCATION, LOCATION, LOCATION!!!

The National real estate market is definitely seeing some pricing adjustments. Savvy buyers and sellers know that local information is what matters most in real estate. The condominium prices in GREAT AREAS and GREAT BUILDINGS are strong and rising in many cases despite the National trends. Yes, the condominium inventory is rising, but that is because well-informed owners are pricing correctly and waiting for the informed buyer.

Chicago Magazine bolsters this point with an article on January 23, 2008-
Not all resale units in new buildings are value-priced. Kinney says that at a hot property like 340 on the Park, the handsome and ecologically friendly new tower that overlooks Millennium Park from the north, re-sales may get a normal-year markup of as much as 10 percent.

Many buyers extrapolate National trends into the local markets. This type of over-generalization often puts those buyers in a position where they expect more than the local market is willing to give. Owners of very desirable property, such as condominiums in 340 on the Park, hold out for prices based on local information rather than the National trends. Even the broader Chicago market, experiencing value reductions, is impacting the premium markets less than you think.

One of the biggest determinants of value in the real estate market is “scarcity.” There are simply no more building sites available on the Northern exposure of Millennium Park. Period. The limits to lake and park views, as well as lake and park access are scare as well. There are even fewer locations with proximity to shopping, restaurants theaters and museums. There may be some deep discounting going on in some “overbuilt” sections of the Chicago condominium market, but premium and “scarce” properties will continue to hold their own.

My observations are supported by today’s NAR reports-

NAR REPORTED TODAY [02/14/2008]
In the fourth quarter, 73 out of 150 metropolitan statistical areas(1) show increases in median existing single-family home prices from a year earlier, including 11 areas with double-digit annual gains and another 12 metros showing increases of 6 percent or more; 77 had price declines including 16 with double-digit drops.

Chicago Condominium Median Prices - In spite of NATIONAL ISSUES, local market is still very strong.
2005     $ 212,700
2006     $ 222,500
2007     $ 232,400

These numbers reflect the Chicago, Naperville and Joliet areas. The premium property markets in extremely highly desirable areas (such as on Millennium Park) have even stronger numbers. I will post the more specific numbers once they become available.

Victoria and I are optimistic for the New Eastside condominium market and are forever bullish on 340 on the Park.

Patrick and Victoria Carton
@propeties
(312) 731-2500

Premier 340 on the Park unit.  Enjoy the views from floor-to-ceiling windows in this largest one bedroom, one and one half bath condomimium unit in Chicago’s celebrated luxury “green” building.

Northeast corner, 1337 square feet of living space in this elegant, contemporary, 1 bedroom,  1.5 bath, end unit.

Unit features include:  9 foot ceilings, Snaidero Italian cabinetry, glass tile backsplash, bamboo floors, quartz counters, GE Monogram stainless steel appliances, Grohe, Dornbracht, Duravit and Toto fixtures. Master bath presents with natural stone and elegant glass tiles, luxurious self-cleaning air tub and separate shower.

The building features a gorgeous, unsurpassed two and one half story amenity floor with breathtaking views of Grant Park, Millennium Park, Lake Michigan, Historic Michigan Avenue and vistas of the heart of Chicago’s Loop.  Amenities include a state of the art fitness center, 75′ indoor 2 lane lap pool, wintergarden with club room, free Wi-Fi, steam rooms, sauna and whirlpool. 

$579,000 unit price.  Parking additional.
View the complete listing and VHT Virtual Tour

http://tours4.vht.com/vt/api/virtualtour.aspx?ListingID=1151019

Victoria Carton, Real Estate Consultant
@properties
312-731-2500
vcarton@atproperties.com

 

Contemporary elegance and forever protected views of Lake Michigan, Monroe Harbor, Grant Park,  Millennium Park,  historic Michigan Avenue, Navy Pier, Chicago Loop city lights and more…from expansive windows and two terraces in new, high-end luxury building.

Southeast point, 3 bedroom,  3.1 bath, end unit, upgraded with cherry finish custom closets and sleek solar shades fitted to 34 floor-to-ceiling windows.

Unit features include:  9 foot ceilings, Snaidero Italian cabinetry, glass tile backsplash, bamboo floors, quartz counters, GE Monogram stainless steel appliances, Grohe, Dornbracht, Duravit and Toto fixtures. Master bath presents with natural stone and elegant glass tiles, luxurious self-cleaning air tub and separate shower.

The building features a gorgeous, unsurpassed two and one half story amenity floor with breathtaking views of Grant Park, Millennium Park, Lake Michigan, Historic Michigan Avenue and vistas of the heart of Chicago’s Loop.  Amenities include a state of the art fitness center, 75′ indoor 2 lane lap pool, wintergarden with club room, free Wi-Fi, steam rooms, sauna and whirlpool. 

$1,725,000 unit price.  Two parking spaces and separate storage room, additional.
View the complete listing and VHT Virtual Tour
http://www.atproperties.com/listing/6754013

Victoria Carton, Real Estate Consultant
@properties
312-731-2500
vcarton@atproperties.com

You will relish your stunning views of Grant Park,  Millennium Park, Lake Michigan,  historic Michigan Avenue, Navy Pier, Chicago Loop city lights and more…from floor to ceiling windows, or from your 29 foot private terrace.  

 

Located steps to Grant and Millennium Parks, Chicago’s lakefront and world class museums.

This 2222 square foot, 3 bedroom, 2.1 bath condominium is brand new, never lived-in.  Features include:  9 foot ceilings, Snaidero Italian cabinetry, glass tile backsplash, bamboo floors, quartz counters, GE Monogram stainless steel appliances, Grohe, Dornbracht, Duravit and Toto fixtures. Master bath presents with natural stone and elegant glass tiles, luxurious self-cleaning air tub and separate shower.

The building features a gorgeous, unsurpassed two and one half story amenity floor with breathtaking views of Grant Park, Millennium Park, Lake Michigan, Historic Michigan Avenue and vistas of the heart of Chicago’s Loop.  Amenities include a state of the art fitness center, 75′ indoor 2 lane lap pool, wintergarden with club room, free Wi-Fi, steam rooms, sauna and whirlpool. 

$1,445,000 unit price.  Two parking spaces and separate storage room, additional.

View the complete listing and VHT Virtual Tour
http://www.atproperties.com/listing/6710757

Showing by appointment only, please call:

Victoria Carton, Real Estate Consultant
@properties
312-731-2500
vcarton@atproperties.com

Enjoy spectacular Lake Michigan, city lights and award winning 6 acre park views, from floor to ceiling windows, or your private terrace.

Live steps away from Chicago’s “Bean”, Millennium Park, Grant Park, lakefront, Michigan Avenue shopping and world class museums in Chicago’s newest luxury “green building”.

The condominium in this highly acclaimed, top quality building is brand new, never lived-in.   Unit boasts a spacious, contemporary 1902 square feet of living space.  Smart, open floor plan with 2 bedrooms plus den and 2.1 baths,  functions as if there were two master suites.  The condominium features, 9 foot ceilings, Snaidero Italian cabinetry, glass tile backsplash, bamboo floors, quartz counters, GE Monogram stainless steel appliances, Grohe, Dornbracht, Duravit and Toto fixtures. Master bath presents with natural stone and elegant glass tiles, luxurious self-cleaning air tub and separate shower.

The building features a gorgeous, unsurpassed two and one half story amenity floor with breathtaking views of Grant Park, Millennium Park, Lake Michigan, Historic Michigan Avenue and vistas of the heart of Chicago’s Loop.  Amenities include a state of the art fitness center, 75′ indoor 2 lane lap pool, wintergarden with club room, free Wi-Fi, steam rooms, sauna and whirlpool. 

$995,000 unit price parking additional

View the complete listing and VHT Virtual Video Tour
http://www.atproperties.com/listing/6692128

Showing by appointment only, please call:

Victoria Carton, Real Estate Consultant
@properties
312-731-2500
vcarton@atproperties.com

Taken from a post on the 340owners.com forum:

It was very exciting for me to finally get a chance to see the interior spaces! Apparently there are quite a few units sold in the early stages and on lower floors that were strictly investments and these units are back on the market minutes after closing.There is a lot of construction activity in the building so there was some dust and general cleanliness issues, but these of course will be taken care of as things move forward.

The Lobby
I thought that the lobby, mailbox and parking elevator areas were very pleasing and there was plenty of room to maneuver. Some lobby areas in the LSE development are tight and a little confining. The floors and wall finishes on the lobby level were gorgeous, and the artwork is all appropriate and complimentary to the design. It has a true sense of elegance. Once the exterior spaces on Randolph are planted, the whole effect will be even more spectacular.

The 25th Floor
The 25th floor will be the envy of every residential building in Chicago. I have been in every large apartment and condominium building in town as part of my experience with the moving company I am associated with. This amenity level is far and away the most breathtaking and well equipped I have ever seen. The 25th Floor had a great deal to do with our decision to purchase at 340, and we were not disappointed.

Exercise Room
The exercise area is huge!  Really Huge! The equipment is state-of-the art and the diversity of equipment rivals many health clubs. The views from the exercise room, and everywhere on the 25th floor, are absolutely incredible. There is a small viewing or waiting room near the treadmills that is nicely furnished as well. The entire floor is covered in the typical weight-room rubber-like tiles. This helps keep the noise down and is good for aerobics. There is a lot of room between each machine and there is a good sized stretching or “class” area. The small corner balcony in the exercise room offers great views as well.

Wintergarden and Party Room
As you can see in the photos - this room is tall, bright, airy and inviting. The decor is very tasteful and the furniture is well-matched and very comfortable. It looks exactly like the renderings we are all familiar with. There is no other space in a Chicago residential building, that I have seen, that has anything to compare with it. The party room is smaller than I had imagined, but is well appointed. There is a small “warming” kitchen separate-but-connected to the party room for catering. The views from these rooms, as you can imagine, are phenomenal.

The Pool and Jacuzzi
The lap pool is long and very bright with direct access to the shower rooms. The views are … well fantastic. The Jacuzzi, or spa tub, is small and the placement keeps it somewhat isolated and private. The room where the spa is situated is very tall, bright and roomy but rather bland.

The 25th Floor Balcony
For anyone who has no southern exposure (as is the case for our 06 unit), the balcony offers a view where everyone enjoy the views from the building’s prominent position on Millennium Park. We have no balcony in our unit so this is a double-blessing for us. The balcony is wide and accommodating. The furniture is well-sized and does not interfere with the passage from one end to the other.  Most importantly - these are the views that make 340 on the Park such a desirable property.

Sauna and Steam Rooms
The Sauna is small, but nice to have in the common area. Most saunas we have seen in residential buildings are located in either dressing room. You can enjoy this sauna with your spouse. The steam rooms are located in the separate shower rooms.

Comparing - A Natural Tendency
The Park Shore and The Buckingham are both elegant buildings with well appointed common areas. We would love to live at either one of these buildings, and did live at The Buckingham for years. 340 on the Park has set a new modern benchmark for elegance and design that other buildings simply can’t match. We still love The Park Shore and The Buckingham, but 340 on the Park has raised the bar for elegance and amenities that are very hard to match.

Our Conclusion
So - our first look at the inside . . . we loved it. We are more excited than ever to close. That’s how we felt on our first look around.  I hope we see some more photos from other residents, including some inside shots of their units.

I believe all of us who purchased at 340 on the Park made a great choice. Judging from the re-listing prices, it was a great financial choice - but even more than that – 340 on the Park will truly be an extraordinary place to live.