Park Monroe packs top-level amenities into great city location
Amenities at The Park Monroe include a landscaped, rooftop terrace with a view of the lake and Millennium Park where residents can soak in the hot tub year around. | SUPPLIED PHOTO
The amenities and conveniences offered by high-rise, residential developments are really appreciated by prospective buyers that own a single-family home and want more of a maintenance-free lifestyle. Cutting grass, shoveling snow and the upkeep of a single-family home can become cumbersome for homeowners that crave the lifestyle of a managed, residential community.
Living in a luxury condominium environment eliminates many hassles. At first glance, monthly maintenance fees may seem unappealing. However, when a homeowner looks at what is spent on the upkeep of a single-family home, many condominium buildings actually come out less expensive in terms of monthly costs.
The Park Monroe, 65 East Monroe Street, has some of the finest amenities downtown and certainly offers maintenance-free living. The terrace on the 49th floor is ideal for summer entertaining. It features barbecue grills, comfortable furniture and a whirlpool spa in a beautifully landscaped setting. Adjacent to the terrace is an entertainment suite with catering kitchen, large-screen DVD theatre, an indoor lap pool and a fitness center.
A landscape architect maintains the entire outdoor garden on the 49th floor during the summer months. The indoor lap-pool and all the other common areas are the responsibility of the full-time maintenance crew.
In addition, the practical items are taken care of for the homeowner. There is a full-time property management staff on-site. The 24-hour door staff is available to greet guests, accept packages or to simply open the front door and welcome residents with a hello and a smile. The Park Monroe also offers an indoor dog run and grooming spa area.
The Park Monroe has sold and continues to sell condominiums in the current real estate market. Several large, duplex penthouses have recently sold for over $2 million.
Sales have been so successful that the developers introduced the second, and final, phase of condominiums on October 18. Called “Park Monroe 2.0,” this phase consists of 48 one-, two- and three-bedroom residences. Park Monroe 2.0 takes the best of The Park Monroe and re-imagines it with luxurious new floor plans, the latest finish options and state-of the art technology. The new residences are expected to be ready in late spring of next year. Less than 12 homes available for immediate occupancy remain in the first phase.
“The sales volume at the Park Monroe has been exceptional for several reasons,” said Pat Young, vice president of sales for Equity Marketing and The Park Monroe. “ Potential buyers readily realize that the Park Monroe is a very boutique residence in the heart of all the city activities. It offers anonymity from the day-to-day hustle of the ‘Manhattenesque’ atmosphere outside by providing our residents with a special entrance, their own private security staff, a luxurious Club on the top floor accessed by a private residents-only elevator and residences that have incomparable views and accommodations.”
“Residences feature Italian cabinetry, marble baths, granite kitchens, wood floors plus windows that are especially designed to maintain the beautiful colors in the artwork, fabrics and furniture chosen by our most discerning clientele,” Young said. “These windows offer floor-to-ceiling views of not just the lake, but Millennium Park, trees, traffic, joggers, the Gehry band shell and great lawn plus the stunning museum campus as well. Even though we start at the 40th floor, you can sit almost anywhere in your home and enjoy the city on scale you’ve never imagined.”
Park Monroe 2.0 homes also include some of the latest technology. All residences are wired for the newest television innovation ... 4K, ultra-high-definition screens that offer a level of detail never previously seen outside a movie theater. Select homes are also wired for built-in, mobile device docking stations, which allow a homeowner to set up many of the latest “smart” home functions. Individually controlled cooling and heating on demand is in the residences, as well as high-tech kitchen appliances that make food preparation, storage and clean-up a breeze.
Park Monroe 2.0 offers a great opportunity for buyers to purchase a condominium downtown now. In addition to the appeal of a maintenance-free lifestyle, for a limited time, buyers can select their own finishes and customize their new home as desired. Once construction begins in earnest at the end of year, this opportunity will no longer be available.
The Park Monroe is in the center of the city and in the middle of the culture of downtown. The building is located less than one block west of Michigan Avenue and Millennium Park plus Lake Michigan, with its lakefront path for jogging, waking and biking, is a few short blocks away. In addition, many residents are able to walk to work downtown.
Park Monroe 2.0 residences are priced from $319,500 for one-bedrooms, $494,900 for two-bedrooms and $1,050,000 for three-bedrooms. Additional residences still available in the first phase at The Park Monroe range from two-bedrooms to three-bedrooms to two-story penthouses with prices starting in the mid $600,000s for east-facing two-bedrooms.
The models and sales center at 65 East Monroe are open seven days a week. Call (312) 855-0550 or visit ParkMonroe.com for more information.