50 East Chestnut Condominiums

Chicago has always been on the leading edge of urban living, with many hip options, communities, amenities, and styles. Now the 50 East Chestnut building, at the corner of Rush and Chestnut in the city’s storied Gold Coast, offers Chicagoans the chance to own living spaces that are among the most exciting and luxurious in town. 50 East Chestnut is likely to be one of the most exclusive residences in the entire city. Each unit will occupy an entire floor and will have its own private elevator foyer. The interior of the units will feature floor-to-ceiling windows for panoramic sightlines, crown molding, stone finishes, hardwood floors, custom cabinetry, and two private terraces. Those visiting the model unit will see a roomy kitchen with a large island with seating and top-shelf appliances, a master bath with a tub, stone shower and bench, and the standard cabinet, tile, plumbing, and flooring choices. Jameson Development is swinging for the fences on this one and is creating an intimate environment for a very select few.

Creating a building with only one residential unit per floor is a powerful statement and makes 50 East Chestnut a unique place to live. It also means, that with only 34 properties available for sale, that the building will be sold out in a hurry, possible even before construction is completed. First deliveries are slated for Fall 2007 so interested parties will want to move fast if they are considering a space here. Residents lucky enough to land here will live in one of the most attractive neighborhoods in Chicago’s downtown. This Chicago condominium building is close to all manner of entertainment, cultural activities, and galleries. The neighborhood itself is lovely and 50 East dwellers will stroll daily through one of the city’s nicest spots right outside their homes. Residents will be within walking distance of restaurants like Gibson’s, Mike Ditka’s, and Tempo, the shopping options of 900 North Michigan and Water Tower Place, and cultural attractions including the Museum of Contemporary Art, and the Newberry Library.

The architectural firm Solomn Cordwell Buenz & Associates designed the 39-story high-rise and gave it a pre-cast concrete façade faced with limestone and granite on the bottom four floors, which is homage to the historic Gold Coast buildings of the early 20th century. For all its high-design style, however, the overall vibe of the building is that of single-family homes that just happen to be in the sky. In fact, many buyers at 50 East have sold large single-family homes on the North Shore and elsewhere to experience Gold Coast living, but without sacrificing living space. The individual units range in size from 3,579 to 3,937 square feet and offer the same amount of elbowroom as a large suburban home. All this space comes at a price, however, and residences are selling for between $2, 476,900 and $3, 325, 900. The building also has 51 deeded parking spaces available for sale to complete the picture.

Jameson Development has worked on a wide variety of residential properties in Chicago valued at well over $600 million since 1991 and 50 East Chestnut is expected to be another chapter in their success story. Past Jameson projects include Jefferson Tower, Clinton Complex, Greenview On The Park, and Randolph Place. It is difficult to find much scuttlebutt about the company, so they must be doing something right. Those interested in living at 50 East Chestnut can drop by the visitor center at the John Hancock Center, 875 N. Michigan Avenue, Suite 3860 in Chicago.

by Mike O'Cull

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