The best way to determine whether prices are reasonable for new construction is to determine the cost per square foot of the unit and then compare it to the buildings in the Chicago area. In addition, as you may suspect, views are very important for future resale in determining the relative square foot price. The per square foot cost for 2520 currently is approximately $800 to $1,200 depending on the location, the floor plan and size of the unit.
Please note, the $1,200 is at the high end of the market and is similiar to Trump Tower, The Spire and the Ritz-Carlton. The unique thing about 2520 will be the concierge service, the private contained park only available to owners and the unique Lincoln Park location that will never be able to be duplicated in the city. In addition the ceiling heights in units will vary from 9.6 feet to 11.6 feet.
If you have been to New York ,consider this location similiar to living across the street from Central Park with its mesmerizing views. The views out of 2520 will be fantastic and panoramic. In addition, you will be able to sit out on a balcony which the other exclusive buildings in the city, the Spire, Trump Tower and the Ritz Carlton will not have.
It is my understanding that the building is already 50% sold. Should you want additional information as to which are the best tiers and specific floor plans in the building I can send them to you. I currently live in a Mies van der Rohe building just near this new construction project. In addition, if you want to understand the nuances of what to look for when purchasing luxury new construction such as the 2520 building, you may want to check out my website at http://www.SheldonChicago.com.