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About Lake Point Tower

 

 

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Selecting a new home should be exciting and fun! 

  • The “view” building in Chicago: The only residence east of scenic Lake Shore Drive, the luxury 70-story condominium building provides breathtaking – and unobstructed – lake and/or city views from every unit.
  • The ultimate in luxury living amenities: Without leaving the building, residents can access a 2.5 acre private outdoor park, barbecue area, state-of-the-art fitness facility, indoor and outdoor pools, restaurant, grocery store, personal-business center, dry-cleaner, hair salon, laundry room, tailor, parking garage, 24-hour doormen and security.
  • The best location: The condominium building is next to a lakefront path – extending 15 miles north and 15 miles south – for walking, running and biking. It is across the street from Ohio Street Beach, Olive Park and Navy Pier entertainment center.
  • The closest to land and water transportation: Whether you choose to walk; bike; or hop a cab, water taxi, trolley, bus or train, when you live at Lake Point Tower you can effortlessly enjoy the City of Chicago as your own personal playground.
  • The essence of the Chicago urban lifestyle: The high rise is in close proximity to restaurants, theaters, museums, Millennium Park, Michigan Avenue, luxury shopping and sparkling nightlife.


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Floor Plans in Lake Point Tower


Lake Point Tower History

Lake Point Tower ranks 73 in the List of Americans Favorite Architecture:  http://www.favoritearchitecture.org/

Lake Point Tower was designed by John Heinrich and George Schipporeit, both students of Mies van der Rohe.

The original proposal made by Schipporeit and Heinrich consisted of a building with four wings, but was ultimately replaced by a design which included only three wings. The advantages of the three-wing design were a shorter construction time and a 120-degree angle between the wings, so that the apartments would not face each other. The design also offered less surface area exposed to direct wind loads in comparison to the conventional rectangular designs. It is possible to view the bronze curtain walls of Lake Point Tower from all sides.

Lake Point Tower was completed in 1968 and was at the time the highest apartment building in the world, reaching a height of 645 feet, with 70 floors. The plan to construct two other similarly shaped towers on both sides was never realized.

Learn more:
www.lakepointtower.org
http://www.favoritearchitecture.org/

southview


Lake Point Tower Facts

Building Address and Contact Information

505 N. Lake Shore Drive, Chicago, IL 60611
Phone: (312) 467-0505
Fax: (312) 467-1734
Email: [email protected]
Website: www.lakepointtower.org
Brochure: Lake Point Tower Brochure
Blog:  Lake Point Tower Blog

General Information

  • Architect—Schipporeit-Heinrich, Inc.; Developer—Hartnett-Shaw Associates, Inc.
  • Building—645 feet tall, 70 stories, 65 residential floors
  • Groundbreaking, 1965, conversion to condos, 1988
  • Owners association takes control from developer, September, 1989
  • Originally 879 units–studio, 1 BR, 2BR, 3 BR, penthouses
  • Now 758 owner resident units, with 127 combined units
  • Daily, weekly and monthly rentals prohibited
  • Approximately 1,200 residents
  • Nine member Board of Directors
     

Structural Features

  • Reinforced concrete structure with all metal and glass curtain wall
  • 11,310 double-pane windows, 6.5 feet high above each vent box
  • Monthly window washing service from unique, automatic machine
  • Individual heating and air conditioning units
  • Four high-speed passenger elevators for floors 1-41
  • Three high speed passenger elevators for floors 1-3, 42-68
  • Two high speed service elevators for floors 1-68
     

Architectural Awards

  • Chicago Chapter AIA Distinguished Building Award,1969 and Honor Award,1970
  • American Institute of Architects National Honor Award,1970
  • Chicago Chapter AIA 25 Year Award,1994
  • American Institute of Architects Ranked #73 of 150 favorite buildings in the United States
     

Residential Lobby and Public Rooms

  • Doorman station on first floor
  • Two waterfalls in lobby, with seating areas
  • Second floor activities and meeting room with free Wi-Fi
  • Large indoor promenade and outdoor garden on third floor available for owner’s parties 
     

Resident Services

  • On-site property management office
  • On-site engineering staff
  • State-of-the-art alarm/voice communication system
  • Monthly window washing
  • Electronic entry control with key fobs
  • Televised board meetings
  • 24-hour valet parking
  • Separate garage condominium for owners to purchase spaces and self-park
  • Monthly parking rentals
  • Reduced fee-based parking for guests of residents
  • Free secure bike storage room and additional fee-based up-scale bike storage
  • Loading dock and receiving room Monday to Saturday
  • On-site dry cleaner, coin-operated laundry, mail boxes, FedEx box
  • On-site dental and medical offices
  • On-site grocery with deli that serves breakfast, lunch & dinner
  • “Cite” – 70th floor fine dining, with spectacular city views and private party rooms
     

Private Health Club and Outdoor Park

  • Recently renovated, first-class health club
  • Indoor heated pool, whirlpools, steam rooms and saunas
  • Racquet and handball court
  • Third floor 2.5-acre park, with heated outdoor pool, lagoon, waterfall, barbecue grills, playground, flower gardens and tree-shaded areas
  • 18-mile lakefront path access outside the door
     

Unit Sale and Animal Information

  • No condominium association “right of first refusal” on unit sales
  • Animals: 1 dog not to exceed 30 lbs; cats permitted
     

Finances

  • As of May 2011, $3,652,785 reserve for capital expenditure
  • As of June 2011, no special assessment capital expenditures anticipated by the association for at least the next two fiscal years
  • No special assessments in the last nine years
     

Insurance

  • The building carries property insurance, including boiler and machinery for complete restoration of the building (100 percent replacement value); full general liability; director and officer liability; crime, fidelity bond/employee dishonesty coverage; and flood and terrorism coverage. The deductible is no greater than $10,000 or 1% of coverage.
  • Unit owners must carry liability insurance of $500,000, and $1 million is recommended.  They are responsible for damage they cause to other homes.
     

Management Company

  • Wolin-Levin (312) 335-1950,
  • Lake Point Tower Building Management:  Dan Chalifoux, District Manager,  Jhoanna Cochico, General Manager, Marguerite Batau, Property Manager, Jody Lehner, Assistant Property Manager

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