Tuesday, July 28, 2020

Chicago's Crown Jewel of Lake Point Tower Up for Sale


Dr. Dame Evangeline Gouletas


CHICAGO, IL– Lee & Associates, a nationwide leader in commercial real estate services, named brokers on Chicago's Crown Jewel of Lake Point Tower. 

Rick Scardino, principal at Lee & Associates of Illinois' will be marketing the 7,536 SF which includes restaurant offices, a kitchen prep room, and storage spaces on the second floor. The total square footage on the 70th floor is 4,706 square feet.

Rick Scardino

The first time on the market, after almost 50 amazing years, Dr. Dame Evangeline Gouletas, owner of Cité Chicago, the circular fine dining restaurant at the top of Lake Point Tower, is bringing Cité’s glamourous, star-studded journey to a marvelous end. 

 Gina Lollobrigida
This will allow the space to move on to its next evolution. Whether as another restaurant (possibly al fresco on the 69th & 70th floors), a luxury rooftop spa, or a unique star grazing penthouse residence with stunning views, that decision will be left to the imagination of its new owners. 

Oprah Winfrey
“It’s time.” stated Dr. Gouletas, (a Greek American businesswoman and former First Lady of New York “I’m an urban, luxury, high rise real estate developer and there are many new projects ahead of me that require my focus.” 
Tom Cruise
Cité, with its sapphire lighting, sits as a jewel-colored beacon on top of Chicago’s most iconic building, Lake Point Tower. 
Because the restaurant is circular with floor to ceiling windows, every seat in the house has breathtaking views.



James Woods

 The iconic clover-shaped black glass tower is the only building East of Lake Shore Drive and overlooks Navy Pier, Lake Michigan, the Harbor, and has breathtaking views of the golden Chicago skyline & Navy Pier’s summer fireworks. 

 George Schipporeit 
The restaurant is known for its 360-degree panoramic views spanning three states, truly creating a “dine among the stars experience” in what was once the world’s tallest residential building. 

John Heinrich
Speaking of stars, many famous actors, media personalities, dignitaries, and royalty have dined at Cité. Actors like Tom Cruise, James Woods, actresses like Gina Lollobrigida and media personalities like Oprah Winfrey were Evangeline’s guests and have frequented Cité.



 Ludwig Mies van der Rohe
Initially designed as an exclusive private club for the residents of Lake Point Tower, the restaurant was intended to support the intimate lounge trade.
 Since that time in the early ’70s, Cité has evolved into a coveted special occasion “bucket list” restaurant destination in Chicago because of its spectacular views.



Lake Point Tower by itself is an architectural masterpiece designed by architects George Schipporeit and John Heinrich, who studied under Ludwig Mies van der Rohe at the Illinois Institute of Technology. 

This has been recognized by the media with a plethora of accolades on numerous occasions throughout the years. 
 It is the only building in Chicago that allows you to look back at the city skyline and is stunning. 




It was voted as one of the World’s Best 17 Restaurants and Bars with Amazing Views by Delish.com. The restaurant was also voted one of “Chicago’s 10 Best Romantic Places to dine” by USA Today. 
For more information and to view the offering memorandum, please contact Rick Scardino rscardino@lee-associates.com | 773.355.3040 and he will be glad to send you this information. 
For the latest news from Lee & Associates, visit lee-associates.com or follow us on FacebookLinkedInTwitter and Link, our company blog.

CONTACT:
Pamela Murphy
Lee & Associates
(832) 315-0219
pmurphy@lee-associates.com
For Media Inquiries: Please contact Cindy Busch, cbusch@citechicago.com, +1-706-755-8594

No comments:

Post a Comment