Good Neighbor Awards are given to agents as well as developments that strive for excellence and continue raising the bar for the Chicago real estate market. Six North Michigan, located across from Millennium Park, has met and exceeded the expectations for this award by creating luxury from history.
This historical building, which once served as the headquarters for Montgomery Wards, has been completely transformed from offices into 119 condominiums.
The exterior and historic features of the 21-story building, completed in 1898, have been preserved with brick and terra cotta facade while the interior has been updated with added amenities.
Tom Gallagher, managing director of 6 NM Development, Inc., the project’s developer, is very pleased with the award and explains the tribute of this transformation.
“We are proud to accept this award and honored to say we have helped to restore an important Chicago landmark,”” Gallagher said. “We worked very hard to make this building a tribute to Daniel Burnham’s original conception of what life in Chicago could be.”
Six North Michigan also provides tax benefits to its owners with an eight year property tax freeze. After the eight years, there will be a four-year adjustment to market rate. Estimated taxes will roughly be .5 percent or less.
Today, the development is more than 80 percent sold with remaining floor plans including one-bedroom, one-bedroom-plus-den, two-bedroom and three-bedroom layouts ranging in size from 891 to 7,100 square feet. Prices ranging from $314,900 to $7 millions for the three-story penthouse.