Still months away from breaking ground, Chicago’s 832-foot-tall 1000M condo tower is steadily ramping up its marketing efforts. Over the weekend, the first residential unit in the upcoming skyscraper—a nearly 5,500-square-foot penthouse on the 71st floor—hit the Multiple Listing Service (MLS) for an eye-watering $8.1 million.
Featuring four bedrooms, four-and-a-half bathrooms, a private terrace, and higher than standard ceilings, the unbuilt residence is seeking nearly $1500 per foot. It would be located directly below the tower’s 72nd floor resident lounge and wrap-around outdoor terrace.
Dubbed ‘Club 1000’ and featuring a living green wall and a full service bar, the shared space is just one piece of the luxury tower’s 40,000 square feet of amenity space. Other offerings include a fitness center, library, music conservatory, formal dining room, 11th floor landscaped pool deck, and a spa with a Himalayan salt therapy room.
Designed by architect Helmut Jahn and boasting interiors by Kara Mann, 1000M will provide sweeping views of Lake Michigan and the Loop skyline. The building is slated for a 32,000-square-foot surface parking lot at 1000 S. Michigan Avenue, across from Grant Park. A nearby sales gallery showcasing the project’s 323 condominiums opened this summer at 1006 S. Michigan.
When complete, 1000M will join an increasingly crowded Chicago ultra-luxury market. Other upscale for-sale residential projects include the Vista Tower in Lake Shore East, One Bennett Park tower in Streeterville, and the recently-revealed One Chicago Square proposal in River North. Construction is anticipated to begin in 2018.
The current record for a South Loop condominium sale stands at “just” $3.2 million. It was set in July of last year by a five-bedroom, 4,600-square-foot unit overlooking Grant Park’s southern edge, reported Crain’s.