Don't Overlook the Luxury Condos at 250 E. Pearson in Streeterville
Posted by Helaine Cohen on
With the Streeterville neighborhood being filled with so many extravagant high-rise condo buildings, it’s sometimes easy to overlook one that’s loaded with desirable features, first-rate living amenities, and of course a great overall value. And while numerous Streeterville condo buildings may not get the appreciation they deserve, one particular address that seems to be a bit more underrated than it should be is 250 E. Pearson. The condos at 250 E. Pearson, which is also simply known as The Pearson, truly are exceptional and aside from all the spectacular interior features each unit possesses, 250 E. Pearson is conveniently positioned in one of the best locations in all of Streeterville.
Situated directly across the street from Lake Shore Park,…
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Living on Lake Shore Drive in Chicago can be compared to living on Madison Avenue in New York or Mulholland Drive in Los Angeles. Despite being downtown Chicago’s busiest and most used thoroughfare, Lake Shore Drive real estate is still at a premium and is all about status and prestige. For home buyers searching the downtown Chicago real estate market from out of town, Lake Shore Drive may just seem like nothing more than a noisy, heavily traveled highway built to funnel drivers in and out of the city. But for those who know and love Chicago for what it is, real estate along Lake Shore Drive is a status symbol that’s understood well by locals and something that’s particularly sought-out by luxury home buyers who want the best of what the Windy City has to…
Combining elements of classic architecture with state-of-the-art modern amenities that would entice any condo buyer, the residences at Ten East Delaware truly represent the best of both worlds when it comes to Chicago condo living. Located just blocks from beautiful Lake Michigan and the Magnificent Mile, this building in the heart of the Gold Coast is home to some of the most refined and sought-after Chicago dwellings available.
With world-renowned eateries like Alinea and Avec, Chicago has made its way to the forefront on national culinary excellence over the past decade or so. For Chicago condo owners and the city's residents, living in areas like River North, the Gold Coast, Streeterville and Lincoln Park often means quick and easy access to some of the finest dining and libations in the nation, and a recent report from Crain's Chicago Business gave the details on some stellar additions to this fine city's bustling food and beverage culture.
It took Chicago awhile to catch up with the housing market boom that much of the nation has experienced in 2013, but a recent report from Midwest Real Estate Data LLC (MRED), as reported in Chicago Magazine, shows many positive signs for those looking to unload their Chicago condos and Chicago homes for sale.
In a trend that falls in line with what much of the nation has been experiencing in 2013, Chicago condos and homes for sale are seeing low inventory, high prices, bidding wars, and quick turnaround between when a property or space is listed and when it is sold.
Case Shiller produces some of the most reliable and depended-upon reports for Chicago condos and homes, and a recent report published by the company shows Chicago condo prices seeing record gains from April to May of this year, the most recent months on record.
Chicago condo sales in the high-end range of the market are taking the city by storm. There has been a resurgence in high-rise development and construction over the last few years that is fueling the Chicago condo real estate market. According to a recent report by Coldwell Banker, sales of Chicago real estate in the high-end market rose in 2012, and the expectation is that 2013 could be an even better year.
The Chicago luxury condo market continues to be a hot segment of the overall real estate space, and former NFL quarterback Mark Malone recently got in on the game. He sold his two-bedroom Greektown condo in a loft building for $557,500.
Instead of giving up the dream of Chicago condo living, many young families are looking for larger attached homes in the city center. As such, developers are supersizing Chicago condos in order to keep up with demand.