Recently I showed a 3 bedroom condo in The Chandler, a new high rise in the Loop’s Lakeshore East Development north of Millennium Park. The unit offers high end finishes including Snaidero Cabinets and marble in the master bathroom.
The condo also provides nice views from the main living area and all bedrooms. Unfortunately, the view of Lake Michigan (shown left) will be changing. Another high rise will be built on the dirt lot in the bottom of the photo.
When considering a home in an area of high rises, especially one that currently has nice views, it’s advisable to inquire about any possible new developments that might change the view. A new high rise could mean the loss of your enjoyment of a view, and would likely impact the home’s value as well.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
