The phrase refers to high-end, multi-unit residential properties situated in close proximity to the individual searching for such residences. For instance, an individual located in downtown Chicago might use this search term to find upscale condominium buildings within the immediate metropolitan area.
Locating premium residences in a convenient geographical area offers numerous advantages, including reduced commute times, access to local amenities, and the potential for increased property value depending on market conditions. Historically, the desire for accessible, upscale housing has driven urban development and influenced residential real estate trends.