Chicago River North Rental: Brand New LEED High-Rise, $2,346 - Sweet!

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Rent this Brand New LEED High-Rise One-Bedroom in River North for $2,346There's a new type of envy swarming the streets of Chicago, or make that EnV, a new luxury 29-story highrise set to open in the River North neighborhood in June.

The Web site campaign lures you in with photos of men flanked by models, crowds of paparazzi and designer pooches sitting in limousines. Albeit a clever ploy to sensationalize the lifestyle you'd attain by living in this building, the developers are not exaggerating the luxurious accommodations.

Pre-leasing for this sweet rental is already in full-swing and the incentives for signing early are two-months free on a 14-month lease for one- and two-bedrooms. But luxe comes with a price tag. One-bedrooms start at $2,346 (however, one-bedrooms with a view bump up to a starting rent of $2,724) and two-bedrooms start at $3,052.

The all-glass, LEED-certified building is a stand-out visually in the neighborhood. Just look at it at night emitting a blue-ish purple tone (pictured left). Up top, the rooftop pool has a very Miami-ish feel with white cabanas and chaise lounges. Other communal spaces include the 24-hour fitness center and a fire pit lounge -- a wintertime spot to socialize seems to be the new rage in Chicago.

You can't dispute its location either. It's in the heart of River North across the street from the Merchandise Mart, amid the hub of art galleries and trendy restaurants, and a five-minute walk to the Financial District and the Gold Coast.

However, there are a few things you might want to know about the neighborhood while considering this building --or especially when negotiating your lease.


















One is that EnV is the latest in a number of new residential skyscrapers that has popped up in River North, so there is a large supply of high-end apartments that just came on the market in this concentrated subsection of the city. (Remember the condo-turned-rental Flair Tower?)

In addition, another nearby 225-unit condominium building, Silver Tower, has been hit with a foreclosure suit, so whether or not that will flood the area with further cuts on discounted-condos or rentals is yet to be seen.

In a competitive area, with an economy continuing to look flat, the developers are going to be eager to make a deal and you can use this background knowledge as an upper-hand to see how much they're willing to offer.

Besides, it never hurts to try. And despite what bargain you cut (or don't cut), you can still have your floor-length windows and city views, lounge at your rooftop terrace like it's South Beach, and okay, I'll drink the juice -- practically live like a movie star.


See more apartments for rent in Chicago or see homes for sale in Chicago at AOL Real Estate.



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