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Sales agents and brokers gathered at The Ritz Carlton Residences, Magnificent Mile to celebrate the groundbreaking of this soon to be iconic addition to Chicago’s skyline. Guests enjoyed champagne and hors dourves as they toured the sales center. Many had been there before and were reacquainting themselves with the 40-story building designed by Lucien Lagrange Architects. Only 88 units will be built in this unique residential building. The service level will be simply incomparable. The most notable amenity will be the Landmark Club, an exclusive private club for residents and their guests. As the Ritz Carlton Residences, Magnificent Mile tagline says, “Expect the Extraordinary”.

It is nice to see a developer moving forward. If you stand at the corner of Michigan and Erie you’ll notice that the construction activity is attracting the attention of all the passers by. This will be one of very few residential buildings in the city that can boast such a distinctive location right on Michigan Avenue. Residents will have the entire city at their fingertips!

The site is currently being cleared and soon drill rigs will be in place to start work on the footings. By October the steel frame will start to take shape. Deliveries in are set for 2011.

“This is a watershed event not only for The Ritz-Carlton Residences but also for Chicago as a whole,” according to Bruce Schultz, Principal of Prism Development Company, “In a time when there is so much concern about the business climate, it is a very positive sign for the economy of this city that a major residential development has sold 45% of the units, secured financing and is now under construction,” Schultz continued.

Rubloff is proud to be the exclusive marketer of this prestigious property.