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Dec 10, 2008

Donald's Hand Still Contains A trump







Chicago’s Trump International Hotel and Tower is nearing completion, at least on the outside. It has been over three years since the first concrete was laid and now we are seeing the spire being placed on its pinnacle. This 92 story building, which will reach 1,362 ft, is a genuine addition to Chicago’s skyline with its iridescent blue exterior located at 401 N. Wabash Ave just north of the Chicago River. On the inside the hotel has been opened since January 2008 and rises to the 29th floor. After that it is all residential condominiums totally 486 units to become North America second tallest building following the Sear’s tower.

Sales have been very respectable with over two thirds already spoken for and that is no surprise since there are some 20 plus floor plans to choose from. This is far more than any other developer in Chicago and together with the hotel builds a unique concept. This is sublimated with units finished to the highest standard and a buyer does not have to pore through endless different types of granite and a very unwelcoming upgrade bill at the end. But it is different in more ways than this. This is the tallest reinforced concrete building in North America which reduces sway and maximizes window space. It is also the worlds 10th tallest building..

For the mere mortal units range from 919 sq. ft to 3,437 sq. ft. However there are 4 penthouses on the 87th and 89th floors with 4 bedrooms, 4.5 baths over a sprawling 6,850 sq. ft. For just one very lucky person, on the 89th floor, there is a 14,260 sq. ft penthouse which enjoys 5 bedrooms, 6 baths, a study and exercise room. This I believe to be some of the highest residential space in North America.

The cost has been significant with a land value of $73m and a total the building at approximately $847m ( that may have changed). Therefore it’s hard to raise a brow with starting price currently at around the $900,000. For this one purchases many things at the Trump Tower and the most notable is excellent service. The building boasts the most gracious foyer in all of Chicago and the ability to enjoy a truly excellent spa and fitness club. But there are many amenities in this building and that includes an in door dining and catering service and a dog run. The hallways in the residential condominium section are a bit dowdy with brown carpeting and dark walls. It would be nice if they were brighter.

Chicago does need a building like this as no other combines a hotel and residential experience quite like Trump International Hotel and Tower. The 2.6m sq ft of floor area are due for completion in the spring of 2009…. Hopefully.

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