505 N Lake Shore Dr
Chicago, IL 60611

This bankruptcy sale has a qualifying bid deadline of Monday, August 1. There will be a scheduled on-site inspection on Wednesday, July 13, and Saturday, July 16, at 10:00 a.m. (CT). For additional inspection times and dates, please call to schedule an appointment. This sale represents a once-in-a-lifetime opportunity to establish a restaurant/bar or redevelop the space into a residential penthouse in one of Chicago’s most iconic buildings: Lake Point Tower, famously known as the only high-rise building located east of Lake Shore Drive. The space features floor-to-ceiling windows, highlighting its remarkable 360-degree panoramic views of Chicago’s skyline, Navy Pier and Lake Michigan. Currently operating as Cité, a world-class restaurant, it features a full commercial-grade kitchen that is supported by four suites located on the building’s second floor for storage, kitchen prep and office work. Those additional units can be converted into storage areas, totaling 2,650± SF, for a penthouse development. All initial qualifying bids will be required to be submitted on the approved Purchase and Sale Agreement. This sale is being conducted subject to the approved Bid Procedures, available for download from the Hilco Real Estate (HRE) website at www.LPTpenthouse.com.