Ten East Delaware

It seems every real estate developer in town is competing with each other to produce the most boastfully expensive and luxurious condominium homes possible. In fact, new construction Gold Coast condos routinely sell for $2 million or more. While this is great for those who can play at that level, there is a large segment of buyers who are being overlooked due to the fact that they are flying a little beneath that high-end price range. It is precisely these buyers that the developers behind 10 East Delaware, Prime Group Inc., are going after. Their concept is to offer a large amount of new condo units across a broad price range to appeal to both traditional and non-traditional Gold Coast buyers. Prices will start around $380,000 and top out at $1.7 million, which, in comparison to other area properties, makes 10 East Delaware seem like a real steal.

Designed by world famous architect Lucien Lagrange, 10 East offers a winning combination of classic architecture and the most desired amenities features and services homebuyers seek. One-, two-, and three-bedroom homes are being planned for the building and will be finished at a very high level. Shoppers will encounter details like solid hardwood flooring, 9-and 10-foot ceilings, designer carpeting, crown molding, oversized private balconies, and full-capacity washers and dryers. Kitchens feature natural stone counter tops, custom Poggenpohl cabinets, Sub-Zero refrigerators, Wolf electric ovens and gas cook tops, Miele dishwashers, and optional Sub-Zero wine coolers and icemakers. Bathrooms have stone counters, Grohe faucets, Toto commodes, and extra-deep soaking tubs. Shared amenities here include a swimming pool and rooftop deck, modern fitness center, a private club room, and climate-controlled indoor parking. One of the most interesting features here is the availability of hotel-style services to residents on a pay-per-use basis. These include housekeeping, room service, and catering. Services will be provided by the nearby Talbott Hotel (20 E. Delaware) and are a novel attraction in a purely residential setting like this, although many high-rise dwellers have gotten used to this type of condo/hotel level of service. Also, it can’t do anything but help 10 East Delaware compete in a fairly crowded market.

10 East is located at the corner of Delaware and State, in the heart of Chicago’s Gold Coast. This will put building residents exactly where they want to be, which is right in the middle of the best of everything. The building is mere steps from Lake Michigan and from the best shopping, dining, salons, hotels, and theaters Chicago has to offer. Prime Group is hoping that their mixture of luxury, location, and services will make 10 East Delaware a hot property in its area. Residences are scheduled for completion in spring of 2009.