Living in the Loop and its environs is a growing option.
One new project will offer unobstructed views of Chicago’s Millennium Park and Lake Michigan beyond.
Called Six North Michigan Avenue, the 21-story building will have 104 condominium residences.
More than 20 floor plans are available in the conversion of a vintage office building at the northwest corner of Michigan Avenue and Madison Street.
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Prices at the Global Real Estate Investors development range from $225,000 to $1.6 million for residences with 793 to 4,000 square feet of living area. Monthly assessments will be $200 to $500.
Nearing completion is a 6,000-square-foot sales center that is scheduled to open in early November. It will include a one-bedroom model and a design center.
First occupancies are expected in early 2002.
The Six North Michigan Avenue project is headed by Global’s co-developers, Romel Esmail and Bassam Haj Yousif.
Amenities will include a concierge service, fitness center, social room and 24-hour doorman.
Indoor parking in the heated garage costs $50,000 per space. The 116-car garage will be in the basement and on the second, third and fourth floors.
Residences will begin on the fifth floor. Prices start at $225,000 for a one-bedroom, one-bath unit; $585,000 for two bedrooms and two baths; $824,600 for three bedrooms and 21/2 baths; and $1.6 million for 17th- and 18th-floor duplexes and penthouse suites on the 19th and 20th floors.
More than 30 percent of the units will have direct east views of the park and the lake.
Because it is a landmark building, balconies were permitted only on the north and west sides. Terraces will be on the 17th floor.
The building’s facade is a mix of terra cotta and brick. Constructed in 1898, the original 12-story structure was named the Montgomery Ward and Co. Building and was used as an administrative headquarters and catalog warehouse.
In 1908, it was sold to a syndicate of State Street merchants.
Topped by a three-story Venetian-style tower, it became known as the Tower Bulding and at one time was ranked as the tallest building in Chicago.
In 1923, the noted architectural firm of Holabird & Roche designed a five-story addition that wrapped around the tower. But in 1947, the tower was removed.
“We plan to restore the exterior base of the building to its 1923 appearance,” said Haj Yousif.
The conversion was by designed by Chicago architects DeStefano and Partners.