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21Feb/090

Chicago Downtown Condo

Looking for a place in the heart of arts, architecture and history, then a Chicago Downtown Condo in the Loop would be worth considering. The Loop is the term used to designate the historical center of downtown Chicago. Most accurately, the term refers to an area bounded by a public transit circuit along Lake Street on the north, Wabash Avenue on the east, Van Buren Street on the south, and Wells Street on the west. Living in a Chicago Downtown Condo would put you in the central business district.

Chicago's central business district, bounded on the west and north by the Chicago River, on the east by Lake Michigan, and on the south by Roosevelt Road is the second-largest in the United States, after Midtown Manhattan.
The term The Loop has different meanings. The term most explicitly applies to the area surrounded by the loop circuit formed by 'L' train tracks, and a preceding 1880s streetcar loop, but common usage defines it as the area bounded by the Chicago River on the north and west sides, Congress Parkway to the south, and Columbus Drive to the east.

Loop architecture is dominated by high-rises. Notable buildings include the Home Insurance Building, considered the first skyscraper (demolished in 1931); the Chicago Board of Trade Building, a National Historic Landmark; and the Sears Tower, the tallest in the United States. Some of the historic buildings in this district were instrumental in the development of high-rises. Chicago's rational street numbering system originates in the Loop at the intersection of State Street and Madison Street.

This area abounds in shopping opportunities, including the Loop Retail Historic District, although it competes with the more upscale Magnificent Mile area to the north, and with suburban shopping malls. It includes Chicago's former Marshall Field's department store location in the Marshall Field and Company Building; the original Sullivan Center Carson Pirie Scott store location (closed February 21, 2007); and Sears on State.

It is the location of a number of government buildings, including City Hall/County Building, the James R. Thompson Center, the Richard J. Daley Center, and multiple federal buildings. Chicago's Downtown Theatre District is also found within this area, along with numerous restaurants and hotels.

Chicago has a famous skyline which is home to many of the tallest buildings in the world as well as the Chicago Landmark Historic Michigan Boulevard District. Chicago's skyline is spaced out throughout the downtown area, giving it a graceful bridgelike appearance. The Sears Tower, the nation's tallest building, stands at the west end of the Loop in the heart of the city's financial district, along with other buildings, such as 311 South Wacker Drive and the AT&T Corporate Center. Chicago's third tallest building, the Aon Center, is located at Illinois Center, a complex at the east end of the Loop, east of Michigan Avenue. Two Prudential Plaza is also located here, just to the west of the Aon Center.

The Loop contains a wealth of outdoor sculpture, including works by Pablo Picasso, Joan Miró, Henry Moore, Marc Chagall, Alexander Calder, and Jean Dubuffet. Chicago's cultural heavyweights, such as the Art Institute of Chicago, the Goodman Theatre, the Chicago Theatre, the Lyric Opera at the Civic Opera House building, and the Chicago Symphony Orchestra, are also in this area, as is the historic Palmer House Hilton hotel, found on East Monroe Street.

Living in a Chicago Downtown Condo would be you close to Chicago's lakefront, which is almost exclusively recreational park area from north to south, features Grant Park in this downtown area. Grant Park is the home of Buckingham Fountain, the Petrillo Bandshell, the Grant Park Symphony (where free concerts can be enjoyed throughout the summer), and Chicago's annual two-week food festival, the Taste of Chicago, where more than 3 million people "pig out". A recent addition to Grant Park is the architecturally forward Millennium Park, which opened in the summer of 2004, featuring a Frank Gehry's Jay Pritzker Pavilion, Jaume Plensa's Crown Fountain and Anish Kapoor's Cloud Gate sculpture and spanning what were formerly open railyards on the city's lakefront.

The Chicago River, which delineates the area, also provides entertainment and recreational opportunities, including the annual dyeing of the river green in honor of St. Patrick's Day. Trips down the Chicago River, including architectural tours, by commercial boat operators are great favorites with both locals and tourists.

Chicago Downtown Condos starts in the low $100K’s.

Call a Condominium Specialist at OwnACondo.com today for more information.

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