340 E Randolph – 340 on the Park
The name truly matches the premiere location of this 64 story condominium. 340 on the Park were completed in 2008 on the only available lot remaining on Chicago’s Millennium Park. Views from this luxury condominium are some of the most extraordinary in the city.
The new and highly acclaimed 6 acre park lies directly north of the building and Buckingham Fountain, Lake Michigan and Millennium Park are to the South and East.
340 on the Park is currently the second tallest all-residential building in Chicago at 672 feet.340’s location certainly makes the views incredible, but the advantages of this location are not limited to views alone. The New Eastside, a collection of residential high-rises and hotels, boasts fine dining, theater, pedway access, museums, parks, Mariano’s grocery, and much more literally steps away. In fact, the rear door of 340 on the Park is adjacent to Mariano’s, making grocery shopping in a full-service market as easy as it gets. The amenities at 340 on the Park are unsurpassed anywhere in Chicago.
A huge wintergarden towering twenty-five stories over Millennium Park on the 25th floor offers breathtaking views. The wintergarden at 340 on the Park offers movable glass panels to open the area to the long balcony. It is from this balcony that we witnessed President Obama’s speech after winning the election in 2008. A very complete fitness center with a large selection of cardio and weight training machines is also on the 25th floor and the views are outstanding.
These world-class amenities make entertaining your family and friends truly exceptional. The amenities also include an indoor lap pool, sauna, steam rooms, whirlpool spa, party room with full kitchen, barbeque, full-time door and maintenance staffs, dry cleaner/concierge and stunning lobby. Another great feature to this address, as well as other residential buildings in the New Eastside is the location.
Since the New Eastside is like an island in the middle of the city in terms of traffic. It is worth considering the amount of vehicle and foot traffic that surrounds a property especially during peak working hours. The New Eastside, which is bordered by Randolph, Columbus, Wacker and Lake Shore Drive, has no through traffic. This means that the pedestrian and vehicular traffic is generally only that of residents and those serving the community.
The building was the first luxury residential condominium in the Mid-west to achieve LEED Silver certification. Construction techniques employed a tensioning system on the concrete to allow for taller ceilings. Most units at enjoy 9 foot ceilings and penthouse ceilings are even higher. This construction method, coupled with a “glass curtain” of windows provide floor to ceiling windows in most units.
The new trends in residential high rise construction were incorporated in 340’s very modern exterior with glass curtain walls and reflective geometries.340 on the park is one of Chicago’s most prestigious addresses. The extraordinary collection of public spaces and amenities are provided for residents and their guests only. Many large luxury residential buildings, such as Trump Tower, share their amenities with hotel guests. This level of privacy and security is highly prized.
When you consider buying or selling in any multi-unit property, it is important to have accurate and complete historical sales data. If you would like to receive a detailed sales report for this property, send us an email, or call us at (312) 731-2500, and we will be happy to create a report for you.
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