Sales of the Chicago Spire kicked off earlier this year, with more than 800 buyers lining up to take their pick of the first units in the landmark building.  The Spire is currently under construction in downtown Chicago, and will be completed sometime in 2010, according to plans from the developer.

Shelbourne Development, a Dublin-based developer, is in charge of the project.  The company stepped in to buy the site from Fordham Companies in 2006 as the project faced doubts as to whether it could secure funding.  Shelbourne began construction before one unit was sold, a risk that many wonder will ever pay off.

The Chicago Spire will be the tallest residential building in the world, soaring 2,000 feet over the Chicago skyline.  The building will dethrone the soon to be completed Trump International Tower and Hotel as the highest building in Chicago.

Buyers can choose from a number of floor plans.  Studio units are priced from $750,000, putting this development out of reach of most buyers in the Chicago region.  The largest penthouse unit is priced at $40 million, making it the most expensive piece of residential real estate in the city.

Technorati Tags: Chicago Spire, Chicago Real Estate, Chicago Condos For Sale, Luxury Chicago Condominiums

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