A record price for Chicago apartments. That’s what they said about OneEleven. Six hundred and fifty-one thousand dollars per unit. Can you believe it?
OneEleven wasn’t always the luxurious high-rise it is today. It began life as Waterview Tower a project with grand ambitions. A 92-story hotel and condominium complex. A stunning glass granite and aluminum prism reaching for the sky. But the 2008 financial crisis halted progress. Only 26 floors were completed. The project lay abandoned.
Imagine that unfinished skeleton standing on the Chicago River for years. A testament to unrealized dreams. Then Related Midwest stepped in. They saw potential not failure. An engineering study confirmed the existing structure was salvageable. The vision shifted. Waterview Tower was reborn as OneEleven.
The old stone facade disappeared. Replaced by a modern glass exterior. Thirty-four floors were added. The blend of old and new created a unique space. An amenity level boasts an indoor pool a sun deck fire pits and outdoor kitchens. Luxury redefined.
OneEleven now stands 630 feet tall. It contains 504 rental units 470 parking spaces. Over 60000 square feet dedicated to amenities and retail space. It’s a symbol of resilience. A testament to transforming setbacks into successes. OneEleven a Chicago landmark a luxury high-rise. A remarkable comeback story. A Chicago architectural achievement.
The sale of OneEleven to Heitman LLC for $328225 million set records. A testament to its prestige and location. OneEleven stands tall. A symbol of Chicago’s dynamic real estate market. A luxury high rise a modern marvel. A true Chicago story.