Seize this rare opportunity to own a designer penthouse in the historic University Commons II, a landmark terra-cotta community formerly known as Water Street Market. This remarkable residence features floor-to-ceiling windows showcasing breathtaking views of the Sears Tower and the city skyline. Inside, you'll discover a spacious, open chef's kitchen with top-of-the-line Viking appliances, sleek Italian cabinetry, and elegant granite countertops. The entire home is adorned with beautiful hardwood floors, and the living area is anchored by a marble fireplace framed by custom Italian cabinetry. For wine enthusiasts, a 24-bottle Viking wine fridge adds a touch of sophistication. Step outside onto your private balcony, complete with a permanent gas BBQ hookup. It overlooks beautifully landscaped gardens and mature trees, creating a peaceful retreat to relax during the summer or entertain. You'll even have a front-row seat to the fireworks and air show. The expansive open-concept living and dining area offers plenty of closet space, serving as both a coat closet and pantry, while recessed lighting and stylish Ralph Lauren fixtures-including a chandelier and pendant lighting above the granite kitchen island-enhance the space. The primary suite has a custom-designed walk-in closet, elegant wood blinds, and a spa-like ensuite bathroom boasting Italian cabinetry, Grohe faucets, Ralph Lauren sconces, and a stunning three-jet walk-in shower with Italian terrazzo flooring and marble accents. The guest bedroom features custom designer closets and wood blinds, while the guest bathroom is equipped with Italian cabinetry, Grohe faucets, Ralph Lauren sconces, and a bathtub. Additional amenities include an underground heated garage (owned), a gym, a large recreation center with sweeping views of the Chicago skyline, on-site management, an outdoor pool, and a 30-seat movie theater.