Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestCRE

Convexity Properties breaks ground on Gold Coast’s first new condo high-rise in seven years

Staff Writer April 4, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Chicago-based Convexity Properties has broke ground for 4 East Elm, the first new condominium high-rise to begin construction on Chicago’s North Side in five years and the first in the Gold Coast since 2007. The development offers 35 half- and full-floor condominiums ranging in price from $2.2 million to $7.2 million. Sales began this summer.

Today’s groundbreaking ceremony included Donald R. Wilson, chairman of Convexity Properties and DRW Holdings; Chicago Deputy Mayor Steven Koch; and 2nd Ward Alderman Robert Fioretti. Also on hand were representatives from @properties, which is conducting sales for 4 East Elm; general contractor Leopardo Construction; project architect Solomon Cordwell Buenz; interior design firm Gary Lee Partners; and construction manager Daccord LLC, all based in Chicago.

“As the first new condominium building in the Gold Coast in almost a decade, 4 East Elm is a big milestone for both the neighborhood and the downtown condominium market,” said Wilson. “We’ve had an incredible response from homebuyers, and we’re thrilled to get construction underway.”

The 27-story building at the northeast corner of State and Elm streets will feature three-bedroom, 3.5-bath floor plans ranging from just under 3,100 square feet to 3,515 square feet. Plans can also be combined, allowing for full-floor residences with more than 6,600 square feet of living space.

All residences at 4 East Elm will feature private elevator access; 10-foot finished ceiling heights; floor-to-ceiling windows; wide-plank flooring in living areas; Florense cabinetry; Sub-Zero, Wolf and Miele appliances; and quartz or natural stone countertops. Homebuyers will have the opportunity to work with Gary Lee Partners on interior selections and with Premiere Systems to customize audio, video, lighting and smart-home systems.

Homeowners will also have access to a variety of amenities, including a landscaped sundeck; outdoor pool and spa; clubhouse lounge with a full kitchen and flat-screen TV; movie screening room; fitness center; 24-hour doorman and private garage parking.

“There has been huge pent up demand for new-construction in the high-end market. 4 East Elm raises the bar for luxury condominiums in the city and addresses the needs and tastes of upscale buyers who are looking for something both contemporary and refined,” said Thaddeus Wong, co-founder of @properties.

4 East Elm is scheduled to be completed in early 2016.

Tags
Homepage
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisRetail

CBRE arranges retail lease with Urban Air Adventure Park in Chicago

March 28, 2023
TexasRetail

Partners Capital sells Blanco Crossing in San Antonio

March 28, 2023
WisconsinIndustrial

Eagle Foods signs 287,000-square-foot lease in Kenosha

March 28, 2023
IllinoisCRE

Stream Realty Partners hires managing director for Chicago tenant rep team

March 28, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com