There is a shortage of housing options across America which is pushing the prices of homes up rapidly. With inventory low, buyers are forced to become more competitive, driving up costs and impacting the market. Luckily, housing options are consistently sprouting up, offering buyers new prospective living opportunities. If you are a luxury, high-budget buyer, finding a home that matches your high-flying lifestyle can be difficult, especially in a market where homes are flying off of Zillow before you even get the chance to see them.
The good news is that across the country, new luxury developments are consistently popping up in major cities from New York to Seattle. These luxury properties provide incredible, new, and opulent homes for residents that can afford higher-priced condominiums. Let’s take a look at some of the new and currently in construction luxury developments that will provide stunning homes for their residents.
1000M Chicago
Chicago is one of the American cities with the most incredible skylines, and 1000M will serve to add to that when it is finally completed. The condo’s development has been marred with difficulty, including a recent halt due to the pandemic. However, construction resumed in late 2021, and this building is set to be an incredible one. It will stand at 805 feet, with 73 stories and 738 residential units. It will be a massive high-rise with over 75,000-square feet of indoor and outdoor space. 1000M isn’t likely to be finished for at least another two years, but when it is, the property located on Michigan Avenue will be one of the best in the city. When completed, the property will be the tallest building in the Historic Michigan Boulevard District.
MIRA San Francisco
San Francisco is one of the most expensive housing markets globally and, even for luxury buyers, finding available homes can be a problem. The MIRA building is helping to change that. The MIRA building in San Francisco is a stunningly designed building that stands apart in the San Francisco skyline for its sleek and modern look. It is a 40 story building that twists upward in a unique feat of architecture that makes the building look like an artistic masterpiece. Numerous amenities give residences a luxurious lifestyle. There is a large gym, a lounge, private dining, and a children’s room. It is a building with superior design and high-level amenity offerings.
111 Murray Street New York City
When you think of luxury developments, one city should come to mind: New York City. New York is a city where vertical living is the norm, where massive developments are rising every day. One new development that offers a chic and classy lifestyle is 111 Murray Street. Occupancy recently began at 111 Murray, and this Tribeca condominium has a lot to offer. The building stands at roughly 750 feet, with 58 floors of residential living. The units are stylish with incredible views, and 111 Murray offers over 20,000-square feet of amenities. These include plush lounges, dining rooms, multiple pools, a spa, a fitness center, and a children’s room.
Spire Seattle
Seattle is one of the real estate markets that has skyrocketed most in recent decades. Its status as a major economic hub has led to many high-budget buyers in the area, and Spire is a luxury residence that can house 343 different buyers. It is a huge building in downtown Seattle, with 41 floors and reaching 440 feet. Prices range from affordable, at roughly $400,000 for the smallest units, to pricy, with bigger units starting at around $4 million. Spire offers incredible views of Puget Sound and the Olympic Mountains. The residences are well-designed, modern, open concept, and Spire has five levels of incredible amenities. Spire gives residents some top-notch comforts with everything from a theater to a fitness studio and even private dining.
The Laurel Philadelphia
Philadelphia is one of America’s historical centers, and one new development is underway in the city to add a massive new building that will be the city’s tallest residential building. The Laurel Rittenhouse Square, or the Laurel, is a 599-foot tall skyscraper expected to be finished midway through 2022. There will be 66 condominiums and 187 luxury apartments on top of 43,000-square feet of commercial and retail space, so residents will have great access to some shopping options. Living in The Laurel won’t come cheap. The lowest costing condos are projected to go for around $2 million, while the highest will be between $20 and $30 million. But this luxury building will have incredible amenities and gorgeous city views, making it an intriguing option for affluent buyers.
