Waterview Tower

About the Building

The Waterview Tower is the latest in the trend of tall skyscrapers that will be added to Chicago's downtown skyline in the coming years. The tower, which will be mixed-use, will be located at the corner of Wacker Drive and Clark Street, across the street from the Chicago River in Chicago's downtown Loop. Parking will occupy the lowest 11 floors of the building, which will be followed, on floors 12-27 by the Shangri-La Hotels and Resorts. Floors 30 through 88 will be reserved for luxury residential condos, and they are certain to be among the most prestigious in Chicago. The Waterview Tower is currently under construction, but its completion is expected for 2009.

These days, when searching for a place to call home, there are some essential amenities that we just expect to have while other features are an extra bonus that make the city lifestyle that much sweeter. The residences in the Waterview Tower will integrate luxury amenities with the everyday necessities to create the ultimate dream home. Spacious outdoor terraces will provide space fore residents to entertain guests and walk their pets. Convenient building services and the option to choose from a number of different layouts that incorporate varied room sizes give residents the chance to select a living space to fit their needs.

In addition to the building's unit sizes and floorplans, you probably want to know the details of purchasing a place here. Like whether pets are welcome-well, maybe that wasn't at the top of your list-but it's still important to recognize, especially if you have a little furry friend because the policy on four-legged buddies here is: no pets allowed. Sorry Fluffy.

It's also important to consider how much you can anticipate paying annually in assessments and taxes. In the case of the Waterview Tower, the average assessments for this lovely Chicago residence are $1,350 per month and the taxes typically cost between $1,500 and $4,000 per year. So don't forget to factor that in when calculating your mortgage. And just to help you weigh the cost of buying real estate in this building, we've compiled the most up-to-date data to suffice your additional inquiries.

There are currently a few studio residences available in with an average listing price of $615,000 with a very competitive selling price. The price per square foot of a unit at 111 W. Wacker is $1,272, and the smallest units offer 489 square feet of living space, while the largest ones encompass 586-square-foot floorplans.