The Bristol

The Gold Coast is one of the most sought after neighborhoods in the city. The area is home to world-class shopping, restaurants, nightlife, and some of the most historic buildings in downtown Chicago. There are also plenty of incredible luxurious condominium developments for sale in the area.

If you’re in the market for a luxury condominium on the Gold Coast, check out what’s available at The Bristol, located at 57 East Delaware Place. This 42-story building was completed in 2000, and offers a total of 178 luxury condominiums and two stories of commercial space.

There are currently several units listed for sale in The Bristol. One unit listed on the market is a two-bedroom and two-bath condominium. This unit offers a total of 1,500 square feet of living space, and is priced at $650,000.

Residents of The Bristol enjoy a number of excellent amenities. Each unit comes with tile and hardwood floors, a stainless steel appliance package, and granite countertops. Residents also enjoy a washer and dryer, separate shower and luxurious marble soaking bath.

Many of the units offer incredible views of the downtown Chicago skyline. Additional parking in the heated garage costs an extra $50,000.

The Bristol also offers a number of common amenities for all residents to enjoy. An onsite management team can take care of all your concerns. 24-hour doorman service, valet service, a secure entrance, and extra storage are all included at The Bristol. Residents also enjoy access to a modern health club, indoor pool, sauna, and steam room. The party room is the perfect place to entertain friends and get to know the neighbors.

The neighborhood couldn’t be more convenient. The Bristol is steps from world-class shopping on the Magnificent Mile. Find the best designers, boutiques, and brand names on this famous stretch of Michigan Avenue.

The Bristol is also close enough to the downtown Chicago business district to make it feasible to walk to work. Commuters no longer have to take a crowded train or bus every day. For those who work in other parts of the city, there is an El train station just three blocks from the development.

The market for condos on the Near North Side continues to benefit from the excellent location and increasingly luxurious developments under construction in the area.

According to the Chicago Association of Realtors, the average sales price during the third quarter rose another 5 percent from the same period in 2006, and shows no signs of falling.

Demand for condominiums was fairly steady. However, according to the C.A.R. report, the number of condominiums sold during the third quarter was 5 percent lower than during the same period last year.

Also, condo owners and developers are facing slightly longer turnover times when selling their unit on the Near North Side. The average turnover time for condos sold during the third quarter was 119 days, up 22 days from the previous year.

Prices should continue to rise for luxury condos in the neighborhood despite the slight downturn in demand and rising inventory of units on the market. The Near North Side benefits from an incredible location that attracts professionals and retirees from all over the greater Chicago region.

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