September 21, 2021

caferiopizza

Nuts about home

A ‘White-Box’ 65th-Floor Penthouse Atop a New Robert A.M. Stern-Designed Tower in Chicago


LISTING OF THE DAY

Location: Chicago, Illinois

Price: $15.17 million

This full-floor penthouse that sits atop the new Robert A.M. Stern-designed One Bennett Park residential tower can be purchased as raw space, customized with developer Related Companies’s assistance, or delivered turnkey by Related.

The 7,582-square-foot home features direct elevator access, 12-foot-6-inch ceilings, floor-to-ceiling windows with 360-degree views of Chicago’s skyline and Lake Michigan, and an expansive private terrace.

The limestone-clad tower, which was completed at the end of 2019, features 69 two- to four-bedroom condos on floors 42 to 66, and 279 rental units on the lower floors.


Peter Aaron Otto

“Right now, it’s a raw concrete finish, with utilities,” said Ann Thompson, senior vice president of architecture and design for Related Midwest. “We have found that the buyers of this caliber have very special needs and tastes, and this demographic often has multiple homes.”

More: Pool Demand Exploded in the U.S. During Covid—Even in Chicago

This is Robert A.M. Stern Architects’ only residential tower in Chicago, and Ms. Thompson is working closely with RAMSA, she said. “They have a deep, deep knowledge of these kinds of buyers.”

Indeed, the firm is behind a New York City tower that set a U.S. record in 2019, when an unfinished, white-box unit sold for $238 million. 

The limestone-clad Chicago tower, which was completed at the end of 2019, features 69 two- to four-bedroom condos on floors 42 to 66, and 279 rental units on the lower floors.

“We have a team of licensed architects and interior designers” who can work with the buyer directly or the team can work with the buyer’s architect and designer to support them as they build out the raw space, Ms. Thompson said.

The build-out will likely take eight to 12 months, depending on the level of finishes.

More: Bears Quarterback Andy Dalton Lands Home on Chicago’s North Shore for Nearly $2.5 Million

While some buyers want nothing but turnkey, others enjoy the whole process of designing and building out the space, Ms. Thompson said. “It might take them a year to design it and a year to build it.”

The penthouse is designed to have generous entertaining spaces, including a living room with a custom stone fireplace, a formal dining room and a library, as well as a more casual eat-in kitchen with an adjacent family room.

The terrace, which is 65 feet long and 14 feet deep, is “spectacular,” Ms. Thompson said. “Oh, if I could live on that terrace I would. You have views of the city at night, the lake in the morning, and both sunsets and sunrises.” 

“You can put actual lounge furniture on the terrace, you can dine out there, you can have significant plantings,” she said. “You’re above everything here.”

Doors open to the terrace from the living room, the dining room and the family room, she said. 

More: Two Terraces Give This Chicago Aerie Dramatic City Skyline and Lake Views

Penthouse 65 can be made into a duplex with the addition of the full-floor Penthouse 66, which would nearly double the square footage and add a secondary balcony with a distinct vista on another side of the building. The combination price for the raw space would be $25.055 million, according to Related.

Stats 

The 7,582-square-foot penthouse on the 65th floor has four bedrooms, four full bathrooms and two partial bathrooms. 

Amenities 

Amenities include indoor and outdoor pools, 24-hour concierge services, valet parking, a fitness center, a yoga room, a Pilates studio, and a salon and massage suite. The 41st-floor owners lounge offers outdoor terraces, a lounge area with a fireplace, a billiards room and a private dining room.

Residents have access to 24-hour concierge services.


Scott Frances

From Penta: 20 Minutes With: The McBride Sisters, Founders of the Largest Black-Owned Wine Brand in the U.S.

Neighborhood Notes

The building is in Chicago’s Streeterville neighborhood, which has direct access to the lakefront, and 18 miles of hiking and biking trails.

Nearby attractions include the Art Institute of Chicago, several theaters and many retail shops and restaurants.

Agent: Ann Thompson, senior vice president of architecture and design for Related Midwest

View the original listing

Write to Listing of the Day