Jahn’s 1000M leads Chicago in new condo sales, eyes 2019 groundbreaking
10 April 2018
“The upcoming tower is pushing the South Loop into uncharted ultra-luxury territory”
“After launching in October, condo sales are off to a encouraging start at the 74-story Helmut Jahn-designed skyscraper known as 1000M.
The yet-to-be-built tower landed a combined 38 contracts in the final quarter of 2017 and the first quarter of 2018, according to a sales team lead by @properties. While it may not seem like a huge number given the building’s total unit count of 323, the activity did account for approximately 34% of the downtown’s new condo sales over that period.
The contracts mean 1000M holds the distinction of Chicago’s best selling new development, outpacing a handful of competing projects such as the 94-story Vista Tower under construction in Lake Shore East. The numbers were based on data collected from the Chicagoland Multiple Listing Service and the most recent Downtown Chicago Condo Report.
Located in the South Loop, 1000M will test the upper limits of the area’s luxury housing market as it pushes prices into higher, previously uncharted territory. A number of the tower’s upcoming units—including a 5,500-square-foot 71st floor penthouse listed for $8.1 million—exceed the neighborhood’s past sale record of $3.2 million set in 2016.”
Read the full story on Curbed.