About Lake Point Tower

505 N Lake Shore Dr, Chicago, IL 60611

Map – Listings – Floorplans – History – Facts – Video – Visit Website – Blog – flickr

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.

Active Listings in Lake Point Tower

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Lake Point Tower Location Map

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Floor Plans in Lake Point Tower

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Lake Point Tower History

Lake Point Tower ranks 73 in the List of Americans Favorite Architecture

Lake Point Tower was designed by John Heinrich and George Schipporeit, both students of Mies van der Rohe. The design for Lake Point Tower was partially derived from a sketch Mies van der Rohe made in 1921.

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 othe 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: office@lakepointtower.org
Website: www.lakepointtower.org

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
Originally 879 units – studio, 1 BR, 2BR, 3BR, penthouses
Now, 752 owner resident units, with 127 combined units
Owners Association takes control from developer, September 1989
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
Individual heating and air conditioning units
Four high-speed elevators for floors 1-41
Three high speed 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 receptions, parties and weddings

Resident Services

On-site property management office
On-site engineering staff
City code compliant alarm/voice communications system
Monthly window washing
Electronic entry control with key fobs
Televised board meetings
24-hour door, security and maintenance staff
24-hour valet parking and monthly parking rentals
Separate garage condominium for owners to purchase spaces and self-park
Heated garage
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 and dinner
“Cite” – 70th floor fine dining, with spectacular city views and private party rooms
“Lake Point Lounge” – first floor restaurant for lunch and dinner

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 April 2009, $4,347,232 reserve for capital expenditure and no debt
As of July 2009, no special assessment capital expenditures anticipated by the association for at least the next two fiscal years
No special assessments in the last eight years
No assessment increase in the operating budget for FY ’09 and the prior two 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

Habitat Management (312) 527-5400, Gary Lundemo, Property Supervisor
Lake Point Tower Building Management: John Derby, General Manager; Jody Lehner, Assistant Property Manager