In the Press: Chicago Tribune Reports Luxury Chicago Apartments Battle for Renters

February 12, 2014 | By Amy Galvin
Reading Time: 2 Minutes

Another wave of brand new luxury Chicago apartments are preparing to open spring 2014. We are still fawning over the previous round of buildings delivered last summer – including AMLI River North, Coast, 500 Lake Shore Drive, Hubbard Place, Optima and K2.

It’s hard to believe this year’s newcomers will be bigger, better and more luxurious than last year’s arrivals. The most recent deliveries featured all hardwood floors, top of the line appliances and kitchen appointments, unique amenities (i.e. a golf simulator) and private Equinox fitness centers for residents.

What will the new properties offer to sway a potential resident one way or the other?

Chicago Tribune real estate reporter, Mary Ellen Podmolik, delved into this topic speaking with Chicago’s top developers including Fifield, Related, AMLI and RMK for a story that detailed the friendly competition to attract residents and how to retain current tenants.

Podmolik also spoke with Luxury Living Chicago Realty’s managing broker, Aaron Galvin, gaining his perspective on what it takes to maintain happy luxury Chicago renters. Aaron discussed the need to create a sense of community, saying:

“These buildings are looking to establish communities so people stay. If you are living next door to your best friend, you are less likely to leave.”

The Chicago Tribune story also featured Luxury Living Chicago Realty’s client Shawn McDonnell. We worked with Shawn last year and helped him find a home at EnV. This year Shawn utilized our guidance again and will be moving to Hubbard Place in March. Shawn said this about why he is making the move:

“It just felt like what I was paying in rent would be a value there. It’s just more. The newness helps justify the price.”

Stay tuned for more details about the Spring 2014 luxury Chicago apartment market.

Search The Blog

Follow Us on Social

Apartment Experts

Spend less time apartment hunting, and more time living. Luxury Living is a complimentary service to make your apartment search easier, and even fun. Whether you’re new to the city or simply in need of a change, we are here to help.

Featured Apartments

Up Next

read more

The Luxury Chicago Apartment Update Top 10 Posts of 2013

It’s the very last day of the year and we thought it would be fun to recap our 10 most popular blog posts in […]

read more

The Luxury Living Lifestyle | How to Plan a Fun Weekend in Chicago

Since moving to Chicago, I’ve had a visitor nearly every weekend. While it’s fun to catch up with friends and family, planning a memorable […]

read more

Downtown Chicago Apartment Rental Deals Explained

It’s the most wonderful time of the year and we’re not just talking about the holidays. If you’re currently in the market for a […]

read more

The Luxury Living Lifestyle | Things to do in Chicago During the Winter

This may be my first Chicago winter and I’m not exactly looking forward to it, but I’m not scared. I was born and raised […]