During its construction in 2011, the condominium known as Lincoln Park 2550 dropped from a planned 41 stories to 33 stories due to the state of the fragile economy. In the 25th hour, a late round of financing pushed the project back to 39 stories. At the time, principal Ricker-Murphy Development confidently declared, “We’re building what will be the finest luxury residential building in Chicago for years to come.”
Turns out he’s right.
Lincoln Park 2550 has quickly developed the reputation of having some of Chicago’s most expensive condominium units. While leasing began in July of 2012, many of Chicago’s elite have flocked to this Lincoln Park locale. With varying price points, there are several reports of condos being sold for as much as four million dollars. Many others have reportedly sold for closer to seven hundred thousand. Purchasing a condo isn’t the only way to make it into 2550, one resident decided to rent out a luxury unit for a paltry $7,500 a month.
In order to secure the ultimate in luxurious design the developers turned to the expertise of Lucien Lagrange. The Lagrange architectural firm is widely known for its deep European roots and Lincoln Park 2550 certainly celebrates European design and freely embraces French elegance.
Lincoln Park 2550 is situated in a pristine location, directly across from the Lincoln Park Lagoon and the renowned wooden pergola. This luxury community distinguishes itself from downtown competitors due to its tranquil surroundings. Removed from city’s epicenter, Lincoln Park residents still have access to fine dining, great night life and leisurely activities.
The building itself boasts 1.25 acre private lawn, a children’s play lot, a dog exercise area, full-service fitness facility, indoor pool, steam rooms, yoga studio, club lounge, catering kitchen, private movie theatre, library room, game room, concierge, 24-hour door staff and maintenance.
Discover what life is like inside these luxury Chicago condos by contacting your local real estate agent.