The Loop Condos
It is Chicago’s historic downtown where the world’s first skyscraper was built in 1885 and where a mix of buildings, from high-rises to rehabbed loft buildings and restored architectural jewels, offer an exciting range of opportunities for condominium living. This vibrant neighborhood also thrives as center for business, shopping, restaurants, and world-renowned museums and theatres. The Loop takes its name from the elevated trains that encircle it. It is bounded on the west and north by the Chicago River; on the east by Lake Michigan and on the south by Roosevelt Road.
As home to the Chicago Board of Trade and the Mercantile Exchange, it has long been known as a hub for business. It is now equally appreciated as a residential district where condos dwellers enjoy ease of living amid a wealth of cultural amenities, from The Art Institute of Chicago to the Chicago Lyric Opera. The lake and the river are natural assets that offer recreational opportunities including kayaking, fishing, sail boating or romantic dinner cruises.
These waters also are scenic backdrops for residents of high-rise condo buildings that have been constructed along the river’s edge or are overlooking Lake Michigan. Floor-to-ceiling windows frame views that are among the best in the city. They capture the lake’s blue waters or the bridges and boats and bustle of traffic on the river. Recreational opportunities also are at the newly constructed Millennium Park. It has been dubbed the city’s front lawn Condos have views of the vast green space that features a mix of features: an ice skating rink, a band shell designed by renowned architect Frank Gehry, a garden and Cloudgate, a three-story, highly polished, reflective 110-pound sculpture that has quickly earned the affection of Chicagoans and the nickname, “the Bean.”
A walk through the park and a look at the Bean are available everyday for condo residents in The Loop. While high rise condos are part of the residential landscape so are loft-style condos converted from warehouses and other old, industrial-uses. Historic buildings that boast distinctive architecture also have been or are being converted to condos. There are plans to covert the Carson Pirie Scott department store to condos. Designed by famed architect Louis Sullivan, it is sure to be a coveted address. The Loop is just a short walk from Michigan Avenue, home to high-end retail stores. It is also home to Marshall Field’s, a landmark department store recently purchased and renamed Macy’s. The Loop is in the heart of the city of Big Shoulders and is known for a range of other intriguing attractions. It has the world’s largest illuminated fountain, Buckingham Fountain, the world’s largest collection of Impressionist paintings outside of Paris at The Art Institute of Chicago; the world’s largest aquarium at the Shedd Aquarium and the world’s largest municipal harbor system operated by the Chicago Park District. It’s no wonder people are drawn from near and far to live in this dynamic neighborhood.
Empty nesters and suburbanites are buying condos as pied a terres. They can leave their cars behind in attached garages and roam the neighborhood on foot to enjoy world-class cuisine, take in a night of jazz at a club, or revel in the latest award-winning musical or see a cutting-edge play in Chicago’s new Randolph Street theatre district. They need not leave home, of course, to enjoy some of the amenities being offered in condo buildings such as state-of-the-art fitness centers, media rooms furnished with large screens and comfortable theatre-style seating and wine cellars. As a spot where elevated trains converge, the Loop is a convenient place from which condo residents can easily experience Chicago’s other interesting neighborhoods, from having dinner at an ethnic eatery or taking part in one of the city’s many neighborhood festivals.
For people interested in an investment property or renting out their condo, there can hardly be a better place than the Loop. It’s a place where office workers (an estimated 650,000) a day converge and where fun is just outside your condo’s doorstep.