September 27, 2007 - Another new condo is in the works for Lake Shore Drive, despite the slowing market. The tower is slated to be built on 515 N. Peshtigo Court, hence the moniker The Peshtigo. Related Midwest is the developer for this project and Ralph Johnson is the architect.

When completed, The Peshtigo will stand as a fifty-seven story building with a total of 358 individual condos. The developer describes the units as ranging from 882 to 3,793 square feet of living space with prices starting at $480,000 all the way up to over $2.7 million dollars each.

The design of the tower is described by the architect as being angular and unique. The idea was to create a building that was original enough to attract potential buyers even when sales of new condos are in a slump. From the renderings released by the developer, The Peshtigo definitely is angular with a bit of a fold, for lack of a better term, slightly off center.

This is another development we’ll be watching over the next few months to see how sales progress. Lake Shore Drive is certainly one Chicago Neighborhood that seems to be experiencing growth despite the market trends.

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This entry was posted on Thursday, September 27th, 2007 at 9:14 pm and is filed under Luxury Condos(t) , News(t) . You can leave a response.