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RiverViewClick Here To Get Up To Date Pricing & AvailabilityDowntown Chicago continues to attract new luxury condominiums and lofts. Downtown Chicago offers the best restaurants, nightlife, cultural events, and historical landmarks in the city. One of the newest luxury condo developments in downtown Chicago is RiverView Condominiums. The development is located at 445 E North Water Street next to the Chicago River. 
The development, headed by MCL Companies, faced problems in the early stages of construction. The developer had problems securing financing, but was able to find an investor and construction continued as planned. Floor plans in the tower range from 1,200 square feet for a two bedroom condo to as much as 5,200 square feet for the largest units. Prices start in the low $800s and go as high as $2.75 million. Today the condominium tower offers several units for sale, ranging in size from two bedrooms to five bedrooms. There are currently three listings at RiverView condominiums. A two bedroom and two bath condominium with 1,770 square feet of living space is listed at $844,900. A three bedroom and three bath unit with a floor plan of 4,705 square feet is listed at $2,425,900. The largest available unit at RiverView condominiums is a 5 bedroom and 4.5 bath condo measuring 5,246 square feet. The condo is priced at $2,500,000. Amenities in the building include gourmet kitchens with an appliance package and granite countertops. Each unit has excellent views of the downtown Chicago skyline and Lake Michigan. Units also come with separate showers and tubs, offering residents an excellent rest from a long day at work. There is also a gas fireplace in each unit. The condominiums are located in one of the hottest and most convenient neighborhoods in the city. River East is close to many major Chicago attractions. There are several restaurants in the immediate vicinity that serve world class cuisine. Shopping on the Magnificent Mile is one of the biggest draws to the neighborhood. Some of the best designers, brand names, and boutique shops in the city are found on the Magnificent Mile. Millenium Park, Chicago’s newest gem in the park system is just a few blocks south, offering an excellent getaway in the heart of the city. Commuters will love the convenient location in the heart of downtown Chicago. Most areas of the downtown business district are within a few minutes of RiverView condominiums. Buyers looking for a condominium in downtown should keep in mind the market conditions for condos in the city. According to the most recent report from the Chicago Association of Realtors, the number of condominiums sold in the city dropped by 5 percent. Many buyers are unable to qualify for loans due to tightening requirements by lenders and banks. Supply is also increasing in the area. The turnover rate for a condo in the city was up to 100 days during the second quarter, 10 percent higher than during the same period last year. However, the downtown Chicago condo market could show some resistance to these market conditions due to a strong rental market in the area. Rents are up 4-5 percent around the neighborhood, as many buyers are waiting for better prices. I'M INTERESTEDTo:
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