Lakeshore East (real estate market, condo, neighborhoods)

[yamasho]

What does everything think about Lakeshore East? The ideas behind it, the development, the progression, and general likes/dislikes?

I am pretty interested in the new units going up.

[Frank the Tank]

The location is fantastic, if not as good as you can get - right by the lake, Millennium Park, the Loop, Michigan Avenue, etc. The only reservation that I would have is that at this stage, it's more of an atmosphere of condo buildings in the midst of an office area as opposed to feeling like a neighborhood (in contrast to, say, the Gold Coast, Streeterville or South Loop, which have lots of high-rise condo towers but still can feel like residential neighborhoods). That may change over time as the east side of the Loop becomes more and more attractive as a residential real estate market as opposed to an office market (more companies want their offices further west in order to be closer to the Metra stations and expressways, so developers are probably going to push more residential development there).

[3Series]

My take on Lakeshore East is:
1.) It is a great area and you will pay for it if you are buying a place
2.) Since it is new, there are not a lot of restaurants for take out and stuff yet
3.) The only people that I personally that live there are 50+. BTW, I'm in my 20's.
4.) It is far away from nightlife and shopping from Michigan Ave. (my definition is if it is more than 3 blocks (north side blocks) than it is a cab ride and not close)

[yamasho]

I agree with the idea that it is kind of out of the way. However, that is somewhat of a good thing. It's wierd that it is downtown, in the middle of EVERYTHING, but somehow it is quite, desolate, and full of green areas to roam around in and/or jog around.

Also, being 21, i assumed that it would be mostly older couples. (due to the price of the units alone) However, i come to find that there are ALOT of young people in the area. I look forward to what the project will become. It's truly gorgeous.