Residential brokerage firm Jameson Sotheby’s International Realty, investment management firm Hines and full-service commercial real estate company McCaffery announced the official completion of The Orchard Private Residences, located at 2350 N. Orchard Street in Chicago’s Lincoln Park neighborhood.
The Orchard marks the latest installment of the massive $350 million Lincoln Common redevelopment on the former site of Chicago’s Children’s Memorial Hospital. Already considered an urban oasis with abundant opportunities for residents to enjoy the iconic lakefront, gorgeous parks and surrounding attractions, Lincoln Park is further enhanced by the addition of this new “town square,” which also features an array of shopping, dining and fitness offerings. While the finishing touches are still being completed, residents have already started moving into the 32-unit, seven-story boutique condominium building.
“We created The Orchard to offer the most high-design homes in Chicago,” said lead developer and McCaffery CEO, Dan McCaffery. “We were able to take the sought-after luxuries of downtown high-rise living and meld them into an intimate 32-home building, that’s right in the heart of one of the best neighborhoods in the country. The Orchard fills that perfect niche of the ease of luxe skyscrapers, with the picturesque setting of tree-lined streets, neighborhood restaurants and everything you love about Chicago right outside your door.”
Despite the challenges of COVID-19, Jameson Sotheby’s International Realty, the development’s exclusive sales team, has seen strong growth in Chicago’s luxury real estate market. With several homes already sold within The Orchard, “The Chicago real estate market is strengthening, we’re seeing buyers trading up to larger homes in this COVID era,” said Cadey O’Leary, broker for Jameson Sotheby’s International Realty and listing agent for The Orchard Private Residences.
“Now more than ever, buyers are looking for homes with more space and private outdoor access. The Orchard has an expansive rooftop terrace with gorgeous skyline views, and every home at The Orchard features a roomy private balcony, with some spanning over 400 square feet, that’s larger than your average downtown Manhattan apartment,” O’Leary said. “The private terraces also feature ceiling-mounted radiant heaters so residents can enjoy the moderate temperatures of the spring and fall seasons for longer.”