Cirrus Penthouse Sale Signals Rise In Second-Home Condo Purchases Downtown

A penthouse on the top floor of Cirrus, a 350-residence tower developed by Taylor Johnson client Lendlease, recently sold for just over $4 million, continuing a trend of second-home purchases at the lakefront high-rise. TJ shared the news with Crain’s Chicago Business, which led to a story about how second-home buyers are returning to the downtown Chicago condo market. In fact, of the approximately 50 condos to go under contract this year at Cirrus, about 30 went to buyers looking for a secondary residence. The building is a prime target for those seeking a pied-à-terre since it is close to all the cultural offerings of downtown but relatively secluded in Lakeshore East, with unobstructed views of Lake Michigan.

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