High-rise development has continued to boost Chicago’s luxury market according to a report released by Coldwell Bankers. Luxury home sales over $5 million rose in Chicago in 2012, and a $15 million Michigan Ave penthouse broke records.
Full-service living condominiums like the Trump Tower and Ritz-Carlton Residences have seen the most activity despite unit sales in this luxury market being down by 41%.
Photo courtesy of Chicago Bridges
