News Release: May 17, 2006
SEVERAL SPECTACULAR PENTHOUSES NEWLY RELEASED AT STATE PLACE IN SOUTH LOOP
Remarkable views, spacious floor plans and 10-foot ceilings are just a few of the attractions of three available penthouse residences – including a new furnished display model -- at State Place, the outstandingly successful residential/retail mixed-use complex on the South Loop site formerly occupied by Chicago Police Department headquarters.
As part of the diminishing inventory of only eight condominium units available in the complex at 11th & State Streets at the crossroads of the blooming neighborhood, the trio of corner penthouses on the top floor (24th), priced from $750,000 to $999,000 include, offer from 1,874 to 2,511 square feet of living area.
The new furnished display model, the largest of the three with 2,511 square feet priced at $999,000, is situated at the northeast corner of State Place with magnificent views of Lake Michigan up to Navy Pier and beyond as well as the nearby Museum Campus. Among many opulent features is a pair of 433-square-foot terraces off the kitchen /dining area and the master bedroom. The remaining penthouse units, both of which have a pair of large outdoor terraces, include a two-bedroom plan with 1,874 square feet of living area for $750,000 and a three-bedroom plan with 2,479 square feet of living area still available for $899,000.
In addition to the top-floor penthouses, five other remaining residences include a pair of two-bedroom terrace units, a pair of two-bedroom + den units and a two-bedroom plan that range in size from 1,175 to 1,521 square feet and are priced from $370,900 to $456,800
The deluxe State Place Units feature kitchens with granite countertops and backsplashes, furniture-quality 42-inch maple cabinets, double-bowl stainless steel sinks and faucets with pullout hose spray, under-cabinet lighting over the sink and a full complement of stainless steel Whirlpool appliances, including a refrigerator with ice-maker, self-cleaning gas range, microwave/hood combination, dishwasher and disposal. Bathrooms include maple cabinets, cultured marble vanity tops with integral sinks, including dual-bowl sinks in most master baths, soaker tubs, separate shower enclosures (per plan), ceramic tile floors and tub/shower surrounds and full-length lighted mirrors and medicine cabinets. All available units include a washer/dryer.
Developer State Street Associates is a joint venture of four distinguished and respected real estate organizations: The Canyon Johnson Urban Fund, Mesirow Stein Real Estate Inc., NNP Residential and Northern Realty Group, Ltd.
The community of 243 condominium homes includes 159 residences in the 24-story Tower building and another 84 in a trio of four-story Terrace buildings.
The brick, stone and steel residential structures created by project architect Loewenberg + Associates and project designer DLK Architecture rise from the fourth level and are linked by lush, park-like terraces. The series of private gardens four stories above street level define each of the buildings while uniting them as a neighborhood.
The largest of the garden terraces adjoining the tower feature an outdoor swimming pool and sun deck available for all residents. Other amenities include 24-hour door staff, a community room with a fully equipped catering kitchen, business conference center, a hospitality suite accommodating overnight guests, indoor bicycle storage, and individual storage areas.
The street level of the complex includes over 60,000 square feet of community friendly retail services including Walgreens, Verizon Wireless, Charter One Bank and Fitplex Health Club. The health club grants State Place owners free initiation and 15 percent off monthly dues, and contains a fitness center, aerobic studios, day spa, and salon services. The second and third levels contain private parking spaces for residents, as well as plenty of parking for their guests and retail users.
Other remaining residences include space-stretching nine-foot ceilings in all living areas, finished wood flooring in entry, kitchen, living and dining areas and plush wall-to-wall carpeting in bedrooms. Each residence has a private balcony, individually controlled heating and cooling system, and energy-saving insulated windows.
Assessments include the 24-hour door staff, 120-channel SBC satellite TV, high-speed Internet access, trash removal, water and use of the private outdoor pool, sundeck and gardens. Tower assessments also include heat and air conditioning
“In addition to being conveniently situated near a growing array of entertainment choices, including fine dining restaurants, bistros and clubs, State Place residents enjoy the convenience of an incomparable public transportation system,” said Sales Director Nancy Furth. “It includes an underground connection between two CTA ‘L’ stations – the Red Line’s Roosevelt Road stop under State Street and the elevated Orange and Green Line stops at Roosevelt Road – that provide a direct link to Midway airport and other key destinations,” she explained.
Furth stresses that in addition to its exceptional value State Place has enjoyed the advantage of its remarkable location. “We’re within walking distance or a short bus-ride of most of the central business district and government offices and just a short stroll to the popular Museum Campus, Millennium Park and Burnham Park Harbor,” she pointed out. “We’re also minutes from shopping on State Street and the Magnificent Mile of Michigan Avenue with fast and frequent public transportation. And this growing South Loop neighborhood can only benefit from the momentum of campus homes for students and residences for faculty being developed by three major educational institutions – DePaul, Roosevelt and Columbia universities.”
The State Place sales office is located at 1101 S. State St. in unit 2401. The Sales Center is open for General Public Open House Friday, Saturday, and Sundays from 11:00 a.m. – 4:00 p.m. and by appointment on Monday, Wednesday and Thursday. For additional information please contact Nancy at 312-957-1177 or visit the State Place website at StatePlaceChicago.com.