ML - Michigan Avenue

Michigan Avenue - 2016 - Issue 2 - Late Spring - Anna Chlumsky

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!

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PhotograPhy by Vht StudioS (189 E. LakE ShorE dr.; 1448 N. LakE ShorE dr.); ataNaS kaN (Ca uNit) The expansive view from 189 E. Lake Shore Dr. below: Belgravia's new development, CA Washington features modern finishes and private elevator access to each unit; among the amenities at 1448 N. Lake Shore Dr. are a fully equipped chef's kitchen and a lavish master suite. homes, and Gen Xers and Millennials are looking for value and amenities. What kind of properties work for these needs? JB: Belgravia has pioneered a series of three-bed, three-bath properties in the West Loop that are popular with all three generations. The units all have private elevators; balconies, terraces, or roof decks; and available parking. Resales that come up are snapped up in a day. Given demand, we're marketing our fifth development, CA Washington at 1045 W. Washington, with prices ranging from $850,000 to $1,150,900. We also devel- oped 600 N. Lake Shore Dr., where the three-beds are the most popular unit. The most recent sale there, a three-bed, 3.5-bath, 2,547-square-foot unit, just closed for $1.64 million. I have clients who watch that building for the three-bedrooms. JH: Young families are interested in three vintage properties we're marketing, all now owned by Boomers who raised their families and now want different types of properties. A 4,000-square- foot duplex coop at 1448 N. Lake Shore Dr. has three beds, two maids' rooms, 4.5 baths, and a media room for $2.29 million; a 7,000-square- foot-plus home at 1904 W. Patterson built in 1891 has seven beds, 7.5 baths, a three-car garage, and a 62.5-by-125 lot; and a 6,100 square-foot condo at 189 E. Lake Shore Dr. has four beds and 4.5 baths for $6.499 million. All are in pristine condition. . 156 SPACE BROKERS' ROUND TABLE

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