Commanding prices as high as $1,200 per square foot, the first few units in Streeterville’s upcoming One Bennet Park just hit Chicago’s MLS. While the majority of units in the 67-story tower from developer Related Midwest reflect market trends and will be offered as rentals, One Bennett Park also includes 69 condo residences accessible by a separate entrance and lobby.
Condominium pricing in the 850-foot building starts at around $2 million and is expected to go as high as $15 million for a full-floor penthouse featuring unobstructed Lake Michigan views. The first batch of listings now available top-out around $6.2 million for a 5,100-square-foot residence on the tower’s 57th floor. Related plans to open a full sales center for the building in 2017.
One Bennett Park comes from well-known New York architect Robert A.M. Stern and was designed in collaboration with Chicago’s GREC Architects. The stone and concrete-clad tower takes many cues from classic Art Deco buildings of the 20th century and will feature a distinctive lantern-like crown. In addition to high-end interior fixtures from firms such as SubZero, Wolf, and Kallista, residences in the building will also feature cabinetry, kitchen hoods, and bathroom vanities custom-designed by Stern specifically for the property.
The project also involves the complete overhaul of the adjacent park step atop an underground garage. The landscape redesign is headed by Michael Van Valkenburgh Associates, the firm behind Chicago’s Maggie Daley Park and 606 Trail. Both Bennett Park and its neighboring skyscraper draw their name from architect Edward H. Bennett who — along with legendary master planner Daniel Burnham — co-authored the influential 1909 Plan of Chicago.
Officially under construction since May, the project has already completed all caisson and sheeting work. The tower should start to climb skyward by year’s end, according to a Related Midwest spokesperson. Condo deliveries are expected to begin in late 2018 and will continue into 2019.
- Streeterville's One Bennett Park Officially Under Construction [Curbed Chicago]
- One Bennett Park [Related Midwest]