CHICAGO, Ill., July 24, 2013 – Prism Development announced today that Coldwell Banker Residential Brokerage is the exclusive brokerage representing The Ritz-Carlton Residences, Chicago, located at 118 East Erie Street, in the heart of the Magnificent Mile. Coldwell Banker Previews International®, the luxury division of Coldwell Banker, will market the remaining available condominium units at the iconic high rise.
“We are delighted to welcome Coldwell Banker to our team,” stated Bruce Schultz, managing principal, Prism Development Company. “Its local, national and international identity, reputation and proven market penetration are powerful and timely additions as we enter into the final phase of the marketing cycle. Also, important to us, our clients and the brokerage community is that sales will continue to be managed by our experienced top-flight team: Jane Shawkey, sales manager; Rachel Bailey, sales executive; and Lori Smuckler, contract administrator.”
“We are extremely proud to add this prestigious property to the Previews International portfolio,” said Fran Broude, president of Coldwell Banker Residential Brokerage. “Coldwell Banker’s presence both nationally and internationally provides us with the opportunity to introduce buyers from across the world to The Ritz-Carlton Residences, the world’s most reputable luxury hospitality brand.”
The Ritz-Carlton Residences, Chicago offers an incomparable lifestyle for residents complete with luxurious amenities, unparalleled service and modern design with top of the line finishes and appliances. As unit owners, residents also enjoy exclusive ownership of the Landmark Club, offering custom meals prepared by Chef Remi DuBois, fitness club and spa services, full service concierge, laundry and dry cleaning service and more.
Prism Development left no detail overlooked in the meticulous construction of the 40-story building that maintains much of its original historic facade while incorporating the latest building features and technologies. The Residences offers a variety of floor plan options including one to three bedrooms, all complete with stunning interiors including private terraces and balconies, oversized windows and wide-plank hard wood floors, that range from $1.4 million to $5.2 million. Also available are two full-floor penthouse layouts, offered as raw space, in the range of $13 - $14 million.
Coldwell Banker Previews International® has a track record of working with some of the most prestigious residences all over the world. “Our sophisticated marketing techniques and the expertise of our Previews Property Specialists create results that no other firm is capable of offering,” explains Craig Hogan, Director of Coldwell Banker Previews International® in Chicago. This new partnership with Prism Development for the Ritz-Carlton Residences, Chicago is a testament of Previews’ success.”
About Prism Development Company
The Ritz-Carlton Residences, Chicago, Magnificent Mile is developed by Prism Development Company, a Chicago-based development firm that provides the highest quality services across all disciplines in real estate development. The Residences features 89 elegantly appointed condominiums rising 40 stories above the famed Magnificent Mile. With legendary Ritz-Carlton service, a desirable Michigan Avenue address and Arte Moderne architecture, the property establishes a new benchmark for delivering an incomparable lifestyle. Residences range from one to three bedrooms with pricing from $1.4 million to more than $14 million for a full-floor penthouse. For more information, visit www.theresidenceschicago.com or call 312-782-6407.
About Coldwell Banker Residential Brokerage
Coldwell Banker Residential Brokerage, a leading residential real estate brokerage company serving Chicagoland, Northwest Indiana, Southeast Wisconsin and Southwest Michigan, operates 51 offices with 3,250 sales associates. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation (NYSE: RLGY), operates Realogy’s company-owned real estate brokerage offices. For more information, please visit www.coldwellbankeronline.com.
About Coldwell Banker Previews International®
The Coldwell Banker Previews International® program has been marketing luxury homes since 1933. The exclusive group of certified Previews® Property Specialists make up eight percent of the approximately 83,000 Coldwell Banker sales associates worldwide. Coldwell Banker Previews International participated in more than 16,400 transaction sides of homes priced at $1 million or more in 2012. On average, Previews handles $86.1 million in luxury homes sales every day. The website www.coldwellbankerpreviews.com features more than 17,000 luxury properties from around the globe. Coldwell Banker, Previews and Coldwell Banker Previews International are registered marks licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.