Chicago Condo: Waterview Tower

Building Address:

111 West Wacker, Chicago, IL 60601

• Units: 223
• Built: 2009
• Neighborhood: Loop
• Pets Allowed: N/A

Find Shangri-La right here in Chicago-a little piece of paradise in the Windy City. The Waterview Tower is a brand new hotel condominium in the downtown Loop, distinguished by its lavish extravagance associated with the internationally acclaimed Shangri-La Hotel chain.

When it is completed, the Waterview Tower will be a magnificent addition to Chicago's luxury residential real estate market. Fifty-eight floors of first-class living tops a sprawling indoor/outdoor amenity facility outfitted with five-star services and top-of-the-line features. A breathtaking, multistory marble-covered lobby with oversized gold chandeliers, massive interior columns and intricate Asian-inspired decor gives the Waterview Tower a grand, palatial allure unmatched by any other building in the city.

While 15 hotel-condominium stories embrace Chicago visitors with the superior hospitality of the world-famous Shangri-La Hotel group, the remainder of the 90-level building provides Chicago residents with contemporary elegance and simple yet majestic accents that are sure to impress homebuyers from all over the world.

The residence condos at Waterview Tower spare no expense. The fine finishes and designer touches are standard throughout the units, whether it's a 500-square-foot studio or a full-floor 8,800-square-foot penthouse. The spacious chef's kitchens are laid with 1 1/4" granite countertops and islands, top-quality Miele appliances, hardwood flooring, sleek Italian Poliform cabinetry and under cabinet lighting. The luxurious bathrooms are mini-spas-deluxe whirlpool tub, separate shower stall, wall-to-wall and floor-to-ceiling marble, sophisticated wood vanity, and chrome Kohler fixtures.

Floor-to-ceiling windows provide incredible skyline views and recessed terraces allow residents to enjoy the cool lake breeze and fantastic vistas from their own private balcony. As is common in new construction condos, hardwood floors are found in the living, dining and kitchen areas at Waterview Tower. However, these units were designed to afford the ultimate comforts, so developers incorporated a radiant-heat element that permits the floors to be heated from underneath. Waterview Tower units have 9' to 11' ceilings, solid-core doors, brushed nickel hardware, and walk-in closets.

The building has two main sections-a wide, lower structure that houses the lobby, hotel rooms and amenity level; and a much narrower upper tower that sprouts from the first portion and includes the condominiums and penthouses. The slender construction of the residence levels strategically allows for a limited number of units per floor so that every condo has maximum exposure. Floors 30-66 have five units each, 68-79 encompass four condos per story, 80-82 only have two units on a floor, and 83-88 are reserved for six penthouses which each occupy an entire level of their own.

Both guests and residents of the Waterview Tower are welcome to enjoy the exclusive services and soothing spa treatments Shangri-La is known for. The building's amenity level incorporates several separate areas, including an 8,000-square-foot outdoor space with patios, gardens, water features, deck promenade and dog run. Inside, the space is divided into a sizeable fitness center with workout room, a 60-foot lap pool and spa area, a massage room, men's and women's lockers with their own saunas and steam rooms; a hospitality suite with kitchen to host events or parties; and a business center equipped with Internet access and other conveniences.

The Waterview Tower is truly a luxury residence and its prices reflect the premium value and unparalleled quality of these world-class condominiums. One-bedroom units vary between $450,000 and $1.4 million, two bedrooms range from the high $600,000s to over $2 million, and three bedrooms are available for anywhere from $1.9 million to $5 million. Homebuyers looking for a four-bedroom unit or one of the full-floor penthouses at Waterview Tower should plan on spending anywhere from $5.9 million to $8.8 million.

The Waterview Tower is a collaboration of Shangri-La Hotels & Resorts and Teng, a full-service design and architectural firm with a location in Chicago.

Courtesy of: Teng Real Estate Services LLC