Grand Plaza Reaches for the Sky with New Penthouses

CHICAGO, IL, January 31 - Rising thirty-two through thirty-seven stories in the air, the penthouses at Grand Plaza tower above Chicago-but that's not all. Developer Jaeger Equities, Ltd also believes that the penthouses (part of its Residences at Grand Plaza condominium development) tower above the fray. "Our luxurious two-and-three bedroom, one-and two-story homes are designed for an affluent demographic, said project director Ginny Kronsted, who was unveiling the grand opening of the Grand Plaza penthouses.

Grand Plaza is located on Dearborn and Grand in downtown Chicago. "Imagine: they're in a building that's just north of the Loop, just south of the Gold Coast, just east of River North, and just west of the Magnificent Mile. It's in the heart of everything-you're within walking distance of jobs, world-class shopping and dining, and the museums and Broadway theatres. There's a Jewel Foods and a Bed Bath and Beyond in the complex, an "L" stop just outside the door, and Millennium Park just about six blocks away. Many people would do anything to live in such a richly convenient location," said Kronsted.

While all the penthouses look out over a stunning cityscape for one of the best views in Chicago, the even more compelling selling point may be the great potential of their interiors. Specifically, each home boasts a uniquely distinctive floor plan, and each comes with an unparalleled personalization account, giving the individual buyer up to $100,000 to design their living spaces. "With that account, you can essentially turn a promising but unfinished work of art into your own masterpiece," said Kronsted.

Ranging up to 2,566 square feet, the homes feature dramatic two-story living rooms in the duplexes and oversize wraparound skydeck terraces. Buyers can use those personalization accounts to add touches such as Viking stainless steel appliances, Kohler luxury faucets, and many more upgrade options. We can move walls for you, open up staircases, lay new floors, and install new cabinets. Simply imagine it, and we will pay to get it done for you. The homes also come with fire protection systems with sprinklers throughout. The single-story penthouse prices start at $700,000.

The Grand Plaza building itself, which includes one- and two-bedroom condominiums (starting at $400,000) on the lower floors, features a 24-hour door staff, indoor parking, high speed elevators, and a 50,000-sq. ft Club Floor-with a fitness center, basketball court/aerobics room, running track and putting greens, outdoor swimming pool and sundeck, indoor resistance pool and whirlpool, winter atrium garden, and saunas, steam rooms and locker facilities. The building also provides a full-service business center with conference facilities and complimentary Internet access.

The Residences at Grand Plaza was the award-winning Grand Plaza West Tower apartments until August 2005, when a joint venture led by Jaeger Equities bought the complex.

For people who want a custom condo that's like-new, Grand Plaza's penthouses represent an exceptional value right now, according to Kronsted. "With the interest rates running low and the personalization incentives rising high, you can get one of these beautiful homes for less money than it would have cost yesterday and probably less money than it will cost tomorrow. That's why it's time to come up to Grand Plaza," she said.

To see the penthouse models, visit the Grand Plaza Sales Pavilion at 545 N. Dearborn (Dearborn and Grand). Hours are Monday through Friday 10 a.m. to 6 p.m. and Saturday and Sunday 11 a.m. to 5 p.m. Parking is free for guests. For more information, call               (312) 644-9200        or visit online at www.GrandPlazaPenthouses.com