Chicago doesn’t do anything halfway, especially when it comes to real estate. Every year, a new crop of high-rise stunners promises to outdo the last, and 2024 is shaping up like a skyline-sized competition for the crown.
I’ve spent decades reporting on this city’s buildings, from quiet walk-ups to the loudest cranes on the riverfront, and trust me: this year’s luxury lineup is something else.
These are the buildings people are already talking about, the ones future residents are eyeing, and the ones developers are quietly betting will change the neighborhood game.
Why 2024 Is a Landmark Year for Chicago’s Luxury Market
Chicago’s development cycle has always been tied to market confidence, and confidence is officially back. Major lenders are greenlighting large-scale residential towers again, and renters are demanding elevated living: bigger amenities, more privacy, stronger concierge services, and a lifestyle that rivals boutique hotels.
Several trends are shaping this year’s openings:
- Hotel-style amenities far beyond pools and gyms
- A surge in wellness-focused spaces like infrared saunas and cold plunge rooms
- Riverview and skyline views engineered through architectural “shifts”
- Buildings adding coworking facilities that rival Loop office suites
- Higher demand for pet-focused amenities, including grooming stations and outdoor turf decks
Now, let’s dive into the buildings that matter most.
The Most Anticipated Luxury Buildings of 2024
1. 400 Lake Shore Drive South Tower
The one everyone’s been waiting for
Chicago’s long-delayed waterfront masterpiece is finally materializing. Designed by Skidmore, Owings & Merrill, the 400 LSD South Tower is setting a new standard for luxury.
What Makes It Stand Out
- Resort-style indoor-outdoor pool deck
- Expansive spa suites
- Fitness center with private training pods
- High-end finishes: quartzite counters, integrated panel appliances
Expected Pricing
- Studios from around $2,700
- One-bedrooms from $3,600
- Two-bedrooms from $5,800+
- Penthouse-level collections: available on request
Who It’s For
Renters who want to live at the intersection of Lake Michigan, the river, and the skyline—essentially the triple threat of views.
2. The Row West Loop (New Phase Expansion)
Where ultra-luxury meets neighborhood energy
The Row’s initial success has pushed a rapid expansion, and 2024 welcomes a second-phase release adding premium floors and new amenity concepts.
Highlights
- Multi-level outdoor terraces
- Private chef’s kitchen lounge
- Immersive coworking floors, complete with meeting suites
- Expansive dog terrace overlooking Randolph
Pricing
- One-bedrooms starting near $4,200
- Two-bedrooms from $6,000
- Select premium-level units exceeding $10,000
Why It Matters
The Row has set the bar for “West Loop ultra-luxury.” This expansion cements the neighborhood as a legitimate competitor to River North and Streeterville for renters seeking top-tier finishes.
3. 320 N Sangamon (Luxury Lease-Up Relaunch)
A boutique tower in the center of Fulton Market’s food-and-tech playground.
Notable Amenities
- Rooftop lounge with 360-degree skyline vantage
- European-style kitchens with matte cabinetry
- Spa-inspired bathrooms with rainfall fixtures
- Hotel-style lobby and concierge
Pricing
- One-bedrooms from $3,200
- Two-bedrooms from $5,000
- Limited premium floors
The Insider Take
This building brings boutique luxury into a district that typically leans corporate. It’s perfect for renters who want exclusivity without sacrificing location.
4. 1250 N Clark (Gold Coast’s Most Modern Newcomer)
The Gold Coast’s charm meets 2024 luxury standards.
Amenities
- Temperature-controlled wine lockers
- Quiet library lounge
- On-site wellness club
- Open-air pool deck
Pricing
- Studios from $2,300
- One-bedrooms from $3,200
- Two-bedrooms from $4,800+
Why Gold Coast Locals Are Excited
For a historic district known for classic architecture, a modern glass tower like this fills a gap in the market.
5. Halsted Point Phase 1 (Goose Island)
Transforming one of Chicago’s most overlooked areas.
Amenities
- Massive resident-only park
- Sleek coworking suites overlooking the river
- Indoor and outdoor pools
- Extended waterfront walkways
Pricing
Still emerging, but projections suggest:
- Studios from $2,200
- One-bedrooms from $3,000
- Two-bedrooms from $4,400
Why It’s a Big Deal
Goose Island is finally stepping into the residential spotlight, and Halsted Point is leading the charge.
Comparing Chicago’s 2024 Luxury Buildings
Best for Views
400 Lake Shore Drive South Tower
Best for Lifestyle Amenities
The Row Expansion
Best for Neighborhood Energy
320 N Sangamon
Best Value
1250 N Clark
Most Transformational Project
Halsted Point Phase 1
What Renters Should Know Before Signing in One of These Buildings
Typical Requirements
- Income must generally be 3x monthly rent
- Expect application fees of $50–$100
- Admin fees around $400–$600
- Deposits may be waived depending on credit
Pro Tip:
Buildings opening in the same lease-up cycle often compete on pricing. Renters can sometimes secure concessions like 1–2 months free, especially in early stages.
Summary
Chicago’s 2024 luxury development scene is more competitive than ever. From lakefront icons like 400 LSD to neighborhood redefiners like Halsted Point, the city is entering a new era of high-end living. These buildings aren’t just places to rent—they’re amenities-driven ecosystems redefining what it means to live well in Chicago.
If you want a front-row seat to the city’s residential evolution, these buildings should be at the top of your list.
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