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ParkView West

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The company that brought RiverView condominiums to the city is now offering preconstruction condominiums at their newest project, ParkView West.

MCL Companies is developing the 47-story glass and steel tower that promises to add a touch of beauty to the downtown Chicago skyline.

The building will be located in the heart of River East, north of Millennium Park and close to the Magnificent Mile.

The building is at the corner of McClurg Court and Illinois Street.

ParkView West will offer the standard package of amenities for a luxury development in downtown Chicago, including panoramic views of the downtown Chicago skyline from the full-height windows.

The units will also have hardwood flooring throughout the main areas of the condo, brand-name appliances and granite countertops in the kitchen, and central air and heating.

Buyers can choose from one-, two-, and three-bedroom condominiums at ParkView. Some of the current listings on the market include a one bedroom and one bath condo measuring 921 square feet. The price is $388,900.

A larger 1,053 square foot one-bedroom model is available for $426,900. Buyers looking for larger condominiums can find several floor plans for two bedroom units. Square footage for two bedroom condos at ParkView range from 1,196 to as much as 1,464 square feet.

Prices for two bedroom condominiums at the ParkView West start at $531,900 and go as high as $644,900.

The largest three bedroom condominiums sell for $827,900. Floor plans for the three bedroom condos offer 1,803 square feet of living space.

Building amenities include deeded indoor parking, 70,000 square feet of private green space, outdoor pool and lounge, and 24-hour doorman service.

ParkView West's location is one of the main selling points for this development. There are several restaurants in the area, offering some of the best fine-dining in all of Chicago.

The neighborhood is also home to Navy Pier Park, an excellent place to take the kids during summer. Enjoy the beach at Ohio Street beach, next to the Navy Pier.

Millenium Park is just blocks away, offering beautiful green space in the heart of the city.

River East Center is a convenient shopping hub offering banks, theatres, and other retail options.

Commuters will love the central location of RiverView. The downtown Chicago business district is within walking distance from the development. There are also easy connections to the El and buses, allowing residents to get to other neighborhoods around the city.

The neighborhood continues to be a focal point of demand for condominiums in the city. Downtown Chicago condominiums are seeing low vacancy rates and higher rents, meaning that values should remain steady despite downward pressures in the market.

According to the Chicago Association of Realtors, the market for condominiums in the city of Chicago is seeing a drop in demand. During the second quarter of this year, total sales of condos were down 5 percent from the same period last year.

Condo owners around the city are waiting longer to find a buyer, and some are offering extra incentives and price breaks to attract new buyers.

However, with rents up 5 percent around downtown, the value of luxury downtown condominiums and lofts should stay around the current level.

 

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