One of Chicago’s highest-altitude restaurants is for sale, offering the rare opportunity for another restaurant — or a resident — to take over the top of the only high-rise east of Lake Shore Drive.
The owner of Cité wants to sell the circular 70th-floor space atop Lake Point Tower and close the fine dining restaurant that has operated there for decades.
The top floor is being marketed for sale to restaurant groups and wealthy individuals interested in converting it to a penthouse condo overlooking Lake Michigan, said broker Rick Scardino, who represents restaurant owner Evangeline Gouletas in the sale.
“The term ‘once-in-a-lifetime’ is overused in my industry, but one can make the argument that this truly is a once-in-a-lifetime opportunity,” Scardino said. “It’s the only commercial building east of Lake Shore Drive, with a 360-degree view of the city.”
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Oakland’s last Republican mayor left office in 1977.