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The Ritz-Carlton Residences, Chicago, Magnificent Mile

118 East Erie Avenue, Chicago

An eighty-nine residence modern classic in the heart of Chicago. The 42-story building blends a distinctive architectural vision and international interior design with uncompromising detail.

This unique development earned overwhelming approval from the Commission on Chicago Landmarks based upon an innovative design that integrated the existing historic Farwell Building into an exciting new high-rise tower, thus bringing new vitality as an adaptive reuse project for future generations.

Prism hired one of the most respected architecture and design firms to create a trendsetting “lifestyle” themed residence that sets the standard for luxury living on the Magnificent Mile.

A valued partnership with The Ritz-Carlton Hotel Group has produced this unique property that combines privacy with hotel club amenities, including a dedicated chef, spa and fitness center, grand salon, billiard and media rooms.


Services Provided

Development, financing, construction, supervision, marketing, and asset management


Project Details

» 42-story mixed-use including office, retail, parking and residential
» 380,000 square feet
» Starting at $1,000 per square foot
» Units start at $1,000,000
» “…the most expensive new condo development in the city.” Crain’s Chicago Business, August 2011