Michigan Avenue - Niche Media - Michigan Avenue magazine is a luxury lifestyle magazine centered around Chicago’s finest people, events, fashion, health & beauty, fine dining & more!
Issue link: http://digital.greengale.com/i/198792
Optima City Center is one of the city's new ultra-luxe high-rises. Haute Property NEWS, STARS, AND TRENDS IN REAL ESTATE Regal Rentals YOU CAN HAVE EVERY AMENITY IMAGINABLE—EXCEPT THE OWNERSHIP DEED—AT THESE HAUTE NEW HIGH-RISES. BY LISA SKOLNIK I n a year when the most eternal of all real estate debates—to buy or rent— has raged thanks to rising rents and the lowest mortgage rates in decades, Chicago developers have made leasing hard to resist by delivering a series of dazzling luxury rental high-rises. Last spring saw the arrival of Coast at Lakeshore East (345 East Wacker Drive), K2 in the Fulton River District (365 North Halsted Street), and 500 North Lake Shore Drive in Streeterville to much-deserved fanfare and reportedly brisk leasing. Now we have a second wave: AMLI River North (71 West Hubbard Street) and Habitat's Hubbard Place (360 West Hubbard Street), both in River North, and Optima's Chicago City Center (200 East Illinois Street) in Streeterville have opened their doors to renters. While all six buildings are impressive in their own right for their thoughtful design and cosseting amenities, the three newest sites "take luxury to a new level," notes James "J.R." Berger, president of Chicago Signature Properties. We're talking exquisitely executed architectural details, sumptuous stone surfaces, and gourmet-quality kitchens in the apartments, plus every amenity imaginable. Berger foresaw the luxury rental market boom continued on page 136 MICHIGANAVEMAG.COM 135-136_MA_HP_Opener_Nov13.indd 135 135 10/21/13 4:55 PM