A real estate round-up of some penthouses currently on the market that are all located in older buildings, making them great examples of adaptive reuse.
“The historic Sisters of the Resurrection convent in Bucktown, originally constructed in 1905, underwent a complete gut rehab in 2013. The nuns are long gone but their home, now known as Urban Treehouse, has been converted into a boutique residential building. This 1,900-square-foot, three-bedroom, two-bathroom penthouse features an open floor plan with exposed brick and soaring ceilings.
“The renovated penthouse atop Bertrand Goldberg’s modernist Astor Tower has been on and off the market for nearly two years. The asking price is reasonable, considering the property’s location in the Gold Coast — but the HOA fees are steep at nearly $2,300 per month. Originally constructed as a hotel between 1959 and 1963, the building was converted into condos 45 years ago.
“Once the Chicago headquarters of the Coca-Cola Company, this building was designed by architect Frank Abbott and built in 1903. Although the original business moved out in 1928, today the structure survives as 86 residential units within Filmwork Lofts, a name that pays homage to its use by Warner Brothers for film storage.”(Freundt, Chicago Magazine, 11/25/24)
Read the full story at Chicago Magazine