Lincoln Park 2520

• Developer: RMI Development, General Electric Pension Trust
• Delivery: 2009
• Architect: Lucien Lagrange
• Pricing: 1-bedrooms for $500,000, Penthouse for $10 Million
• Features: 10.5 foot ceilings, 625-car parking garage
• Capacity: 39 stories
• Location: 2520 North Lakeview Ave.

Potential buyers here are also checking out pricing at the Chicago Spire.

Lincoln Park offers an excellent lifestyle close to the heart of Chicago. Residents of this neighborhood located just north of downtown enjoy an excellent quality of life.

The neighborhood has seen a lot of new condominium developments. One of the newest is Lincoln Park 2520, located at 2520 Lakeview Avenue.

Lincoln Park 2520 is a joint venture between RMI Development LLC and General Electric Pension Trust. The development is the first new high-rise condominium project to come to Lakeview Ave.

Buyers will be able to choose from 314 condominiums and 13 townhomes. The $314 million project will be completed by 2009, and preconstruction sales are currently underway.

Buyers will be able to choose from several different floor plans at Lincoln Park 2520, ranging from one-bedroom condominiums to luxurious penthouse suites. One bedroom condominiums are available for $550,000. The one-bedroom units offer floor plans ranging from 900 square feet.

The largest penthouses offer 9000 square feet of living space, and are priced as high $10 million.

Lincoln Park 2520 is located right over the North Pond. The building offers incredible views of Lake Michigan, parks, and the downtown Chicago skyline that will never be blocked by another building.

The building offers an incredible range of amenities. All residents can enjoy the indoor swimming pool, modern fitness center, and private park. The building also comes with 24-hour doorman and concierge service.

Some penthouse units offer private rooftop gardens.

The building offers an impressive list of luxury amenities for residents. 24-hour concierge and doorman services can be found in the 2,000 square foot luxury lobby.

Residents can also enjoy access to the 2520 Club, a private club that is a perfect place to relax. Read the paper, have a drink with friends, or shoot some pool at this exclusive club.

The modern fitness center is the perfect place for residents to stay in shape and work off the stress of a long day at work.

Buyers looking for a luxury Chicago condominium in Lincoln Park should keep in mind the latest real estate statistics for the neighborhood.

According to the Chicago Association of Realtors, the neighborhood has seen some growth in sales during the last quarter. A total of 441 condos sold in the neighborhood during the third quarter of this year, up over 10 percent from the same period last year.

However this is still well off the high of 627 condos sold during the third quarter of 2005.

Despite higher sales numbers for Lincoln Park, condos are sitting on the market longer. The average turnover rate for the area is currently at 94 days, eight days longer than last year.

The neighborhood has also seen a huge increase in the average sales price for a condominium. A condo sold in Lincoln Park for an average $458,382 during the third quarter.

Lincoln Park 2520 offers one bedroom condos starting at $550,000, an expensive choice in an already expensive neighborhood. The building will appeal to buyers who value a prime location and quality views over price.

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