Documents
Key facts
Year Built | 2019 |
Building Area Net |
|
Number of units | 500 |
Property description
Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) is pleased to present The Paragon, an unparalleled 500-home ultra-luxury high-rise apartment building in Chicago’s sought-after South Loop. Setting the bar for the highest standards of apartment living, The Paragon oozes with elegance and offers residents best-in-class amenities and top tier home finishes and features. The Paragon has a famous Michigan Avenue address, and is situated in the vibrant and ever-evolving South Loop neighborhood with access to major employers, popular retail and entertainment, Chicago’s Grant and Millennium Parks, the “Cultural Mile”, Soldier Field, and Lake Michigan’s beaches and 18-mile trail.
Investment highlights
Redefining Luxury Living
- Award-winning architecture, with magnificent interior design and attention to every detail
- Floor-to-ceiling windows with sweeping views
- Best-in-class amenity offerings
- Trophy Class A, newly built high-rise
- On-site amenity retail
- Views of Chicago skyline and Lake Michigan
- LEED Silver Certification
In the Middle of it All
- Walk-to-everything location
- Excellent transportation options
- Steps to The Loop and Chicago’s top employers
- Proximity to an abundance of dining, grocery, and entertainment options nearby
Exceptional Property Performance
- Strong 23% trade-outs YTD
- Stellar Occupancy
- Last 25 leases show a strong premium over in-place effective rents
Coveted Real Estate
- Famous Michigan Avenue address
- Steps from 18-mile lakefront trail
- Path of growth location just minutes from The 78 and Bronzeville Lakefront Megadevelopments
- Short walk to the "Cultural Mile", showcasing some of the contry's best museums
- Perfectly situated near Chicago’s renowned Grant and Millennium Parks