Yesterday I showed studio and one bedroom condos in the Loop and South Loop. An executive who has a home in the northwest suburbs wants a pied-a-terre (a small second home in the city) for when she works late or wants to enjoy a weekend in the city.
According to Wikipedia.Org, pied-a-terre is French for “foot on the ground”. Read more at Wikipedia.Org for how pied-a-terre came to mean a small second home in the city. The pronunciation is pee-ay-duh-TAIR.
Most studio condos in the Loop are priced between $180K and $300K. Luxury studios can run almost $700K. Most 0ne bedroom condos are priced between $200K and $400K. Luxury one bedroom condos can run almost $1 million.
I took the photo on the left right before we started our showings. The high rises are on East Randolph.