Crafting Connections: The Art of Luxury Storytelling
Telling stories is as natural to us as breathing. Through stories, we find meaning and make sense of our world. Sharing these stories allows us to pass on that understanding to others. Storytelling is also about relationships — between the teller and the listener. The art of real estate marketing, particularly in the luxury space, hinges on our ability to craft and share compelling stories. At a prestigious industry event, one speaker eloquently emphasized this point not too long ago. It caused me to rethink how we tell the story of what we do—the industry in which we spend our days mastering. To craft the right story, our group takes the time to find the most meaningful way to deliver it for every home we are fortunate to represent. The same is true for the global publication of GG Magazine that we present here today. We believe that telling the story of luxury real estate is far more than bricks and mortar. It's about the life lived and the journey taken. For us to evolve and adapt to rapid changes, we must listen carefully to gather valuable information and make the best of every opportunity to tell our story. In a world that seems full of noise, the true power of influence lies in those who can inspire—a goal we strive to master. Inspiration through storytelling has long been a hallmark of Engel & Völkers, a brand that resonates with an increasingly connected global marketplace. This commitment to storytelling is reflected in our dedication to producing original digital content. Tradition Meets Innovation: The Mastery of Fashion, Design and Technology Engel & Völkers is delighted to present the latest edition of GG Magazine. This issue explores the theme of "Tradition and Innovation," showcasing the fascinating stories of individuals and brands that harmonize heritage with modern advancements. From Toni Garrn's journey in redefining luxury fashion with her pre-loved fashion platform to the rich legacy of German craftsmanship and design, this edition offers an inspiring glimpse into how the old and new can beautifully coexist to create something truly exceptional. All of this underscores our enduring focus on storytelling. It’s what sets Engel & Völkers apart, makes us human, and defines our luxury real estate program as one of the most inspiring and unique in the industry. On to the next story...
Discover the Ultimate Urban Lifestyle in Streeterville – Chicago’s Hidden Gem
Streeterville: Celebrated Luxury, Modern Excitement Nestled between Chicago's iconic landmarks and the shimmering shores of Lake Michigan, Streeterville is where luxury and urban living converge in a harmonious blend. This prestigious neighborhood steps away from the Magnificent Mile, offers an unparalleled lifestyle for those who seek the city's excitement and the tranquility of waterfront views. Originally part of a wild stretch of lakefront, Streeterville has transformed over the decades into a sophisticated urban oasis. Named after the legendary Captain George Wellington Streeter, who famously declared part of the area his independent district in the late 19th century, Streeterville’s evolution mirrors Chicago’s rise as a global city. Today, this neighborhood is home to some of the city’s most luxurious residences, esteemed cultural institutions, and world-class amenities. Exquisite Residences with a View - The Convenience of Urban Living - Architectural Marvels and Iconic Landmarks Streeterville offers an impressive array of residential options that cater to the most discerning tastes. From soaring high-rises with panoramic views of Lake Michigan to historic brownstones reimagined for modern living, each home in this neighborhood reflects a commitment to elegance and quality. Whether you are drawn to a sprawling penthouse or a cozy boutique condo, Streeterville's real estate market promises a place you’ll be proud to call home. Life in Streeterville is a seamless blend of culture, recreation, and culinary delights. The neighborhood is a cultural powerhouse, home to the renowned Museum of Contemporary Art and the historic Navy Pier, a hub for entertainment and relaxation. For those who enjoy the outdoors, the Lakefront Trail and nearby parks provide the perfect backdrop for morning jogs or evening strolls along the water’s edge. Dining in Streeterville is an experience in itself. With a diverse range of options from gourmet dining at The Capital Grille to casual, yet chic spots like Yolk, there’s a culinary adventure waiting around every corner. Whether you’re in the mood for a five-star meal or a cozy coffee date, Streeterville’s vibrant food scene won’t disappoint. Streeterville’s prime location makes it a commuter's dream. With easy access to major transportation routes, whether by foot, bike, or public transit, getting around Chicago is both convenient and efficient. The neighborhood’s proximity to The Loop, Navy Pier, and the bustling Magnificent Mile means that the best of Chicago is always within reach. Featured Listings in Streeterville - August 2024 $1,569,000 - 132 E Delaware Place 5506 - Elegant Condo with Stunning Views An exquisitely designed 3-bedroom, 3-bath condo, offering 2,746 sqft of luxurious living space and breathtaking views of Lake Michigan. This home features upscale finishes, a state-of-the-art kitchen, and access to premium building amenities including the 5-star Four Seasons Hotel. $1,995,000 - 421 E North Water Street - Ideally Located Riverfront Townhome A newly renovated 3,766 sqft rowhome with attached garage parking, offering river views from every window. This home combines the privacy of townhome living with the amenities of a luxury condominium, including a fitness center, indoor pool, and rooftop terrace. $969,000 - 180 E Pearson Street 4306 - Expansive Condo in the Iconic Water Tower This expansive 2,975 sqft Water Tower residence offers panoramic views and a neutral canvas for customization. In near original condition with 3 bedrooms, 3.5 baths, and access to the Ritz Carlton’s services, this condo will represent luxury living at its finest. $1,250,000 - 680 N Lake Shore Drive 1006 - Lakefront Luxury in a Landmark Building A nearly 3,000 sqft condo with stunning views of Lake Michigan and Navy Pier. Located in a historic building, this updated unit offers 3 bedrooms, 2.5 baths, and premium amenities including a fitness room and indoor pool. $949,000 - 230 E Delaware Place 4W - Completely Redesigned Streeterville Condo This designer’s own beautifully reimagined 2,550 sqft condo home includes luxurious finishes, sophisticated upgrades, and access to a landscaped backyard and garage parking, all in the heart of Streeterville. A Vibrant Community Awaits Streeterville is more than just a luxurious neighborhood—it’s a lifestyle. Here, residents are part of a vibrant community where the energy of downtown Chicago meets the serenity of lakefront living. Whether you’re seeking a high-energy environment or a peaceful retreat, Streeterville offers the best of both worlds, making it one of the most sought-after places to live in the city. Listings with Engel & Volkers Chicago, Craig Hogan, Rudy Zavala, Ames Group Chicago and Mark Rotblatt.
The Great Wealth Transfer: How Many Millennials Will Get Rich?
The Great Wealth Transfer: How Many Millennials Will Get Rich? Sun, May 26, 2024, 3:00 PM CDT 2 min read ¹WealthEngine, "The 2019 Millennial Wealth Report." The Great Wealth Transfer — wealth transferred from boomers to younger generations such as millennials — through 2045 will total $84.4 trillion, according to a Cerulli report. A whopping $72.6 trillion in assets will be transferred to heirs, while $11.9 trillion will be donated to charitable organizations. Other estimates place this transfer at as high as $140 trillion, “marking one of the most significant wealth transfers in history,” according to CFAAC. And one generation is set to significantly benefit from this transfer of wealth. Millennials Are Projected To Inherit a Great Deal of Wealth. By 2030, millennials will hold five times as much wealth as they have today — and are “expected to inherit more than $68 trillion from their predecessors in the Great Transfer of Wealth” — according to a Coldwell Banker report. “There is already a large and growing population of millennial millionaires, and there will be even more created over the next decade according to projections,” Craig Hogan, vice president of luxury for Coldwell Banker Real Estate, said in the report. “The big question is, ‘What will this generation do with their wealth when the Great Wealth Transfer takes place?" Indeed, the report noted that (as of 2019) that there are 618,000 millennial millionaires, accounting for 2% of the total U.S. millionaire population and 0.2% of the general U.S. population. That number is almost certainly higher today. Further, millennials and Gen Zers expect to inherit $320,000 on average, according to a USA Today survey, while 15% expect amounts of more than $500,000 and 6% expect upward of $1 million. This story was published on May 26th, 2024 at Yahoo Finance
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