Multifamily N Illinois

Luxury condo 1000M to offer efficiency units with International Collection

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The developers of the ultra-luxury condominium tower 1000M in Chicago—Time Equities, Inc. (TEI) and JK Equities of New York, along with Chicago-based Oak Capitals—introduced a new selection of residences dubbed the “International Collection.” The units are in response to a segment of buyer seeking highly efficient condominium plans similar to those found in luxury towers throughout Europe, Asia and Canada.

The International Collection will occupy the 41st through 47th floors of the 74-story, Helmut Jahn-designed tower located at 1000 S. Michigan Avenue. The new floor plans will offer studio, one-, two- and three-bedroom layouts ranging in size from 325 to 850 square feet, along with views of Lake Michigan and Grant Park. Following an exclusive preview offering, 20 of the condominiums have already been sold.

“Throughout the successful introduction of 1000M, home buyers have been drawn to the architecture, interior design, amenities and the grand residences of the building,” said Francis Greenburger, chairman and CEO of TEI. “At the same time, we have observed strong demand for smaller, internationally scaled condominiums that can serve many different segments of the market. We expect our new International Collection to be a hit with buyers looking for luxury at more accessible price points, as well as those looking to purchase a guest residence, pied-a-terre or investment property.”

Chicago-based interior designer, Kara Mann, designed the International Collection residences with high-end finishes, fixtures and appliances. Several of the new floor plans will also incorporate space-saving features such as single-wall kitchens and built-in millwork closets.

“In addition to appealing to Chicago buyers, the International Collection is designed to be very attractive to buyers from overseas,” said Jerry Karlik, CEO of JK Equities. “We’re seeing more and more demand among buyers from Europe and Asia, who recognize the value proposition and stability inherent in the Chicago luxury real estate market, and 1000M in particular.”

International Collection homeowners will have full access to 1000M’s 40,000 square feet of amenities, including an 11th-floor library lounge with an outdoor terrace, an outdoor pool and sundeck, a fitness center, a coworking space, music conservatory, demonstration kitchen and private dining room. Other amenities includ the 72nd-floor winter garden, observation deck and Club 1000 lounge as well as a spa featuring hot and cold plunge pools, steam room, sauna and Himalayan salt therapy room.

“The International Collection will open Chicago’s luxury condominium market to a pool of buyers that has been vastly underserved in the current development cycle,” said Mike Golden, president of @properties, the exclusive sales and marketing firm for 1000M. “There are a lot of buyers looking for new construction with luxury finishes, views and amenities, but they do not need a 2,000-square-foot home. This is a concept that has been proven around the world and now the time has come in Chicago, and we’re excited to be on the leading edge.”