What’s Happening at 6 N. Michigan?

Normally, we don’t chatter about a new construction building until the building starts closings and flips appear on the MLS and Craigslist.

6-n-michigan-_1.jpg

But I’m making an exception for 6 N. Michigan in the Loop.  It’s a new conversion building right across from Millennium Park that started selling units last summer.

What’s going on with it? A Tipster has told me that original closings were expected in “summer of 2008”- but nothing has closed and if you walk by the building it doesn’t appear that anything is going to close anytime soon.

Does anyone know the status?

The units are surprisingly modern with what I consider to be extremely nice standard finishes for these price points which included Scavolini, Liebherr Bertazzoni, Bosch, Dornbracht, and Hans Grohe.

Southern facing 900 square foot one bedrooms start in the low $300,000s (parking $50k-$60k extra). None of these have “views.” There are one bedroom, two bedrooms and larger units available.

When I was at the sales office last summer, the 2/2s facing Millennium Park had sold out.

Here are some pictures from some of the model units. The greenish granite in the model bathroom is genuinely unique and stunning in person.

6-n-michigan-bathroom-model.jpg

6-n-michigan-livingroom-model.jpg

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6-n-michigan-kitchen-model.jpg

6-n-michigan-bedroom-model.jpg

6-n-michigan-kitchen-_2-model.jpg

6-n-michigan-bathroom-_2-model.jpg

6-n-michigan-bedroom-_3-model.jpg

6 N. Michigan [website]

(And no- this is NOT a paid post, a sponsored post or anything of the sort. It’s just refreshing to see a new construction/conversion building that has a somewhat unique product- that’s all.)

69 Responses to “What’s Happening at 6 N. Michigan?”

  1. Nice disclaimer. 😉 Our Sabrina is far too sweet to take an direct digs!

    I would kill kill kill for a 2/2 here…

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  2. i remember those originally for sale in 2001. there was a big sign out front. I think it listed 1bdrms for 269k back then. they must have sat forever.

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  3. very pretty

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  4. I love this building/conversion. The location is awesome and the finishes are unique. Last time I talked to the sales office a couple of weeks ago, they said they expect to start closing in September.

    And, if you have your heart set on it, they do have a couple of 2/2s facing the park available. Some of the South-facing 1 BRs do have a slightly better than peek-a-boo view of the park/lake. You can even see the view when on the 1 BR model couch (if you sit up straight on the far end of the couch, that is)

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  5. I should have said, I would kill kill kill for a 2/2… cheap. 🙂 I have looked at this place, and I recall it was expensive. Not surprising, given its quality. (But hey, if they’ve managed to sell ’em, more power to ’em!)

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  6. Given that sales began during 2007, how likely are the closings to turn into foreclosures? Is low 300s the “bubble” price?

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  7. This DID start selling in ’01–with the first developer. The first developer ran into some financial problems in ’04 (I think), which tied up the property for most of 3 years.

    The summer ’08 delivery was probably optimistic, but I can’t imagine that the HVAC crane crashing thru the alley wasn’t a meaningful delay either directly (by forcing another significant project on the builders) or indirectly (in giving the building dept. a reason to look at things closely).

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  8. Sabrina,

    Sine you don’t disclose who you are, why would anyone believe that your post is not sponsored / paid for or that you have no interest in the project?

    Why is it so important that you remain anonymous? Doing so pretty thoroughly destroys your credibility.

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  9. She doesn’t censor comments here and is allowed to run her blog how she sees fit. Yes the world’s not perfect but I don’t think she needs a lot of credibility as she’s not making any claims that can’t be factually verified by a third party source. Oh Joey.. tsk tsk.

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  10. C,mon Joe!

    I’m also a pretty regular visitor to Yo Chicago, and enjoy your site, but there’s no reason to question Sabrina’s credibility here. She doesn’t claim to be a real estate expert, she lets people agree or disagree as they see fit, and she actually sometimes likes a building or condo and isn’t afraid to say so.

    And if it is a sponsored post (not that I think it is), she keeps her comments open for people to trash the place if that’s how they feel.

    The discourse on this site, although occasionally devolving into playground battles — tends to be pretty intelligent and respectful. And I think a big part of that is that Sabrina doesn’t question the motives and/or authority of everyone who posts differing opinions.

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  11. JZ*:

    You seem to be the only one concerned about it. And if this happens to be the one property that Sabrina has some interest in, then it would be profoundly weird that it is also the one post in whcih she includes a disclaimer.

    *Ha!

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  12. this development is SUPER SUPER nice. it’s one of the best, strongest out there and they’re selling very nicely. closes are set to start in Sept. and continue on into Oct. they’re working on finishing up the common areas this summer.
    prices are, for some units, nearly 600/square foot.
    lovely, lovely finishes.

    😉

    *and it is NOT my development/listing either!

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  13. Wow, if this is really you, Joe Zekas, your stock just went to zero.

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  14. And Sabrina, I sincerely hope you don’t even dignify this with a response.

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  15. Joe Zekas, why do you care? It’s a nice service whether she is or is not sponsored. Do you actually have a useful comment or do you just like to tell people their credibilities are in question when they could/should care less about what you think?

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  16. Joe,
    Be careful, you’ve stumbled into the lair of a pack of douchebags who can’t afford to buy and are praying for a collapse. If you aren’t careful, they are going to come out of the studio’s they are renting in Uptown, put their Cubs hats on (backwards), take a bus into the city, get drunk at a street festival and attack you. Then you’ll learn!
    D

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  17. David (the first one) on July 22nd, 2008 at 3:47 pm

    Joe Zekas,
    If it’s any consolation, I avoid your site like the plague because you’re an utterly insufferable person.* I get all the news and photographs I need regarding development in Chicago from other sources. And I wouldn’t get personal if you didn’t start the tiff by attacking Sabrina’s credibility and honesty.

    Sabrina’s blog is an entertaining source of insight on the real estate sales side of things, whereas I’m usually looking at the urban planning/construction side. Given that everything posted here (information, photographs, links, etc.) is publicly available, her identity or affiliations are truly unimportant.

    *speaking in regards to how Joe treats various messageboards linking or excerpting to his site, even with crediting.
    ———————————————————-

    The decor at 6NMich looks pretty classy to me and should help sell the units, but wouldn’t a prospective buyer feel free to implement as much poor taste as they like?

    This former Wards HQ is a cool building, but it would be approximately 4.5 times cooler if the developer were restoring the large pyramid and flag pole that used to adorn the tower, as depicted here:
    http://www.pbs.org/wgbh/amex/chicago/peopleevents/images/p_ward2build.jpg
    (photo by Library of Congress, hosted by PBS)

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  18. DB:

    “you’ve stumbled into the lair of . . . douchebags who can’t afford to buy and are praying for a collapse”

    Wait, I thought you and Stevo were the boosters? I’m SOOOO confused. (meant in good fun)

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  19. Sabrina,

    I want to apologize. I feel I’ve started this by posting Joe’s comments. It wasn’t my intent to start a flame war between yourself and Zekass. I simply wanted to make you aware of what he said about your site on his. I should have just emailed the link to you. Please accept my apologies.

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  20. Sabrina typically laughs things like this off, and I’ve never seen her rise to the bait.

    The only time I’ve ever seen her get mad is when we made fun of someone’s furnishings. And we were all appropriately sheepish about that kind of snark after that!

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  21. I’m a frequent YoChicago visitor, but I’m getting tired of the way Joe attacks people for posting comments he disagrees with. It’s sad to see that he now thinks he can bash Sabrina on her own site as well. You wanna talk about questionable credibility, Joe? You should be ashamed of the rah-rah fluff interview you guys did recently with Carol Dorsey:

    http://yochicago.com/today/video/buying-a-new-construction-home_7362/

    I love how Carol claims it’s good to buy pre-construction because generally, the builder raises prices every six to nine months. What market is this woman working in? Then, when the interviewer mentions that some builders might cut their prices when units in their buildings sit unsold, she claims she hasn’t seen that happen in Chicago! Are you kidding me?! Near the end, she dances around the question of how to deal with developers to make sure they’ll follow through on their promises, avoiding giving any real advice and assuring the interviewer that most developers are good about doing what they say they will. More and more of the articles on Yo have headlines that read like they were written by the sales center staff at some floundering project. Or, they’re just a vehicle for Joe to express his disgust with something and trash anyone who disagrees, as seen here: http://yochicago.com/today/neighborhood-journal/yet-another-anti-gentrification-rant_7073/

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  22. Hey Zekas, how do we know who you are? Because you typed your name into a text box? Post your SSN and birth date so I can do a background check. Otherwise, shut your pie hole!

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  23. I notice that Joey takes digs at other bloggers, as well.

    Since Sabrina is not claiming to be any sort of an expert and is only offering photos, the sales and loan dates and amounts, and the listing agent along with photos, I scarcely see what “credibility” could mean in this context.

    Sounds like Joey is jealous because Sabrina’s site is so much more interesting and has so many more beautiful photos of great dwellings than Joey’s or anyone else’s site does.

    About the building featured in this post… it’s beautiful and something a little different than everything else.

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  24. Hi everyone, long time listener, first time caller here…I’ve followed this blog for a long while now…

    Despite all the persuasive posts from housing bears here, I’m a recent first time purchaser of a condo on the top floor of a walkup in Old Town.

    I’m just wondering what websites you guys use to track and follow listings on the MLS. Although I’m off the market in terms of looking to buy soon, I find it facinating to follow property listings/closings in my area. Thanks in advance

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  25. The penthouses are amazing. They seem to give the 1bd. units some of the best views which is unusual. Does anyone know the pricing?

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  26. Oooops. I read the floorplans wrong. The larger units get the best views. Still, I have been curious about this project as well and think it is worth a trip to their sales office.

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  27. real estate fan on July 22nd, 2008 at 5:51 pm

    I have tried to visit the model apartment a few times without success. Once they were having problems with the elevator. The other day the Michigan Avenue sales office was closed (despite a sign indicating that it should have been open at that time). When I called the number on the sign, the voicemail box was full and not accepting messages. Agree with Sabrina that the interior finishes look nice. Hope they are able to finish the building.

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  28. Ken: It’s no big deal that you posted the Yo comments. It certainly gives us something to talk about!

    Everyone else who defended my honor: Thank you. That’s sweet.

    Joe Zekas: Thanks for posting here with your concerns over my agenda. I can understand that it all seems mysterious but there is really no hidden meaning behind wanting to be anonymous.

    As I’ve said, I am not in the real estate industry and have no connection to it whatsoever. While you can’t confirm that- you’ll have to just trust me.

    In fact, if this makes anyone feel better, at the moment I don’t own any propety (but have in the past) and am waiting for the right time and price to make my purchase of a home I will live in for many, many years.

    On a side note, I enjoy going to open houses on properties and visiting the sales centers at new developments and fear if I’m “known” I will not receive the same reception as the average-joe off the street. You’d be surprised at what agents and sales people will say!

    I’m like everyone else who comes to this site: I just like Chicago real estate and am looking for information about pricing and the market. And I love looking at the pictures of the properties.

    Real estate lust is still alive and well in Chicago. And well it should be. We have some wonderful properties here.

    That’s my agenda.

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  29. Thanks to those who chimed in that closings should begin in the building in September. I’ll be interested to see if they stay on that schedule.

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  30. I too like the penthouse units, but just like every other building right now – they are overpriced.

    As far as the 1-bedroom units go, they are way too deep. The “half-height” kitchen wall is a fad that will not age well. To me, it’s not a bedroom unless it has its own window, even if Chicago building codes currently allow this borrowed natural light crap. Future buyers will not pay top dollar for it, that’s for sure.

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  31. Play nice everyone (please!)

    Thank you.

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  32. Tipster:

    There are some really interesting floorplans in this building that face north and east.

    They are putting balconies on these units and two on one of the floors have larger rooftop terraces (maybe floor 11 or 12.) That floor also had taller ceilings than some of the others (I want to say 12 feet.)

    When I was there last summer, the sales staff told me they were keeping the original look to the windows- which are the big loft looking type windows (as it was interior and not on the street, they didn’t need it to look “pretty.”)

    Those windows were phenomenal and stretched across the unit.

    You also had a peak of millennium park from there as well.

    These were three bedroom units that were about 1800-1900 square feet priced around $735,000 or so. (without the parking.)

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  33. As beautiful as the interiors are, the exterior of this building is old and ugly and does nothing but connote dreariness to me. Also what is that nonsense on the roof?

    Despite its perfect location, the exterior of this place does nothing but remind me of the grey dreariness of our long winters and sometimes non-existent spring all year long. No thanks.

    Just say No to living in a building that could pass off as a government building.

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  34. Sabrina,

    Thanks for your explanation. I’ll ask your pardon for my lack of trust. Nearly 35 years in and around the real estate industry in Chicago has led me to trust a limited number of people, and only people I know.

    As to your anonymity, I can think of quite a few additional reasons for your wanting it, starting with protecting whoever’s breaching MLS rules by providing you access to data and uncredited copyrighted photos – and going on from there. But then, you’ve already considered that and more.

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  35. Anyone else wish Joe would go away??? Can his postings be blocked?

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  36. I wish I would go away. Oh – I just did.

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  37. Joe,
    Perhaps you should focus more on improving your site and less on trashing others’. I visited yours a few times when I started looking into the Chicago RE market and found yours poor. And I actually got the link from Sabrina’s “Blogroll”. So much for gratitude. 🙂

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  38. Joe you might want to call Sabrina as well, she could teach you some manners.

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  39. Joe,

    Perhaps it was unfair of me to say your site was poor without giving an example. So let me give one. You have an article about Parkview Condos, and in it you state the sales office told you it is 80% sold. I don’t doubt they told you this, but you just took their word for it, and there is reason to be skeptical about it. Those being:
    1. One month ago the sales office told me it was 75% sold. 2 weeks ago they told me it was 70% sold.
    2. I know of people firsthand who are dropping their contracts (some insiders who got first dibs and have a relation to the developer).

    So the sales office is either giving out inconsistent information over time, or in fact % under contract dipped as people pulled their contracts and then they sold 10% in the last couple weeks.

    The good thing about this site is you have many people information gathering, and not just doing pseudo-articles to advertise buildings (as yours does primarily).

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  40. I really liked some aspects of this building. The finishes in the models were great and the location was hard to beat. I didn’t like any of the east facing units, as the windows were too small and they were spaced far apart. Too much was in the air concerning the way the lobby, halls, elevators, etc. would look like. We were also scared off by the possibility of large assessments due to the terra cotta maint. and inspection issues that seemed to be totally ignored.

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  41. Joe,

    You are like school in the Summer.

    No Class…

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  42. Joe: I have no problem with crediting any photos on this site. None whatsoever.

    Only one time has someone asked me to please credit the pictures, which I could not do because I had no way of verifying from the information this person provided me that he/she was indeed the copyright holder of the photos. So I simply removed them from the site.

    Anyone else who wants credit- please feel free to contact me. I have no problem doing that.

    I try and link to whatever agent, their websites, and/or Craigslist post that provides information about the listing- so that people who are interested can get more information on that property.

    If there are truly people who do not want their properties on this site, I haven’t heard from them. I’ve gotten thanks from both sellers and agents alike that their property was profiled. I’ve also heard from some buyers who purchased a property after seeing it here on Crib Chatter first.

    The more eyes that see the property- the better!

    And now…back to the properties…

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  43. “As to your anonymity, I can think of quite a few additional reasons for your wanting it, starting with protecting whoever’s breaching MLS rules by providing you access to data and uncredited copyrighted photos…”

    Now Joe is starting with the scare tactics. As far as the MLS it seems the Realtor cartel is losing it’s grip on the propritery info on listings in the wake of recent rulings regarding Redfin. The pricing info is public record so no issue there.

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  44. Don’t feed the trolls. If we simply ignore “Joe” he will go away.

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  45. Re: 6 N. Michigan. We tried to buy one of the penthouses in the spring. We were seriously outbid by another buyer and walked away. Some of the penthouses have tremendous rooftop decks and the views over Millenium Park are fabulous. While we especially loved the terraces, the interior of the penthouse unit was smaller with smaller rooms than we would have liked. Happily, after losing out on 6 N., we found a larger condo nearby and bought it. We love this one much more! Of all the places we looked in Chicago (N. Mich Ave, lakefront, riverfront, and Mill Park), we decided the Millenium Park area is the best place to live. Can’t wait to move in! But, yes, we were impressed with what we saw at 6 N. Michigan.

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  46. As much as I HATE to participate in the back and forth between Joe and Sabrina (I could really care less about either), the fact of the matter is that there are rules regarding copying and pasting photos from the mls and, you are breaching proprietary rights by doing so. You are well within your rights to express your opinion about anything you want to on your blog. However, if it leads to an unfair bias that inhibits the sale and or interest in a property, you could end up being liable in a court of law. (If you haven’t figured it out yet, I’m an attorney). This information is occassionally passed on by real estate professionals, to people like me. So, just some friendly advice–be careful what you say, and how you say it. You never know who will report you, and the last thing you want is to be slapped with a fine, a lawsuit or both.

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  47. Oh, please. It’s clearly fair use. If she simply replicated the entire mls, or even an appreciable portion of it, that would be a violation. Instead, she is highlighting portions of what are already made–indeed urged to be, since they are ads–freely available elsewhere. Effectively, she is writing “reviews” of the mls, which is solidly within fair use doctrine.

    (Moreover, as a practical matter, why would sellers EVER complain that she is giving free advertising to their homes for sale? The only one I’ve ever seen complain is a guy who is a competitor of Sabrina’s, who would presumably love to see her site fold. It would be like Roger Ebert complaining about the images and lines that Elvis Mitchell excerpted from films for Elvis’s movie reviews. Ebert would hardly have standing to complain.)

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  48. messgirl,

    This is one of the reasons I suspect she maintains her anonynimity. Given the horrible state of tort law in this country I could easily see her getting sued by by an out of work realtor or flipper.

    She may be well within her legal rights Kenworthey, but that would be determined in court after signinficant expense defending herself. Instead if she maintains anonynimity the complainant would need a higher burden of proof to get a search warrant from the servers to identify the owner. Most judges would be quite unwilling to do so in a matter such as this.

    So, sorry mezzgirl, I don’t think Sabrina should reveal her identity NOR change the site one bit. She won’t be on the receiving end of any frivilous lawsuits any time soon from the likes of people like you in so doing.

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  49. Sabrina,
    Great site… keep it up!

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  50. Counselor, you really should be more careful in your drafting if you want your veiled threats to be taken seriously. I mean, really: “I could really care less about either”? Should I read the “not” into the rest of your post, too?

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  51. All this claptrap about the proprietary nature of the MLS is the reason I sign up for free access on every realty website, all the while knowing I will never use a realtor for a home sale.

    Mostly out of principle, since it’s not worth my time to pay someone to perform a service I can do myself with equal effectiveness, except for the fact that they “own” the market data.

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  52. They may own the market data technically but for all practical purposes it’s in the public domain. It used to be that the key value of a realtor was access to the MLS. No more. A realtor better provide a good value for what they charge today – and all too often they charge too much and don’t do enough.

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  53. We actually bought a one bedroom + den in this building, i was just googling it to see if anything was written on the internet about the progress, and came across this website. Anyway, my fiance and i just moved here from NYC, we really loved the apartment and though they told us it would be ready in april (and here we are in july still subletting), we’re told that we could get out of our contract if we wanted to — but we decided that we loved the apartment and location and are still waiting. We heard today that the lobby is done and so we are going to check it out tomorrow. And the outside looks old still because they are trying to get historical status, somehow making the taxes cheaper. I really know nothing about this stuff but that is why they told us they are preserving the outside!

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  54. Bob & Anon,

    Your responses are puzzling. Where in God’s name did you read any threats in my email? I simply stated factual information about propietary mls rights. Further, where in my email did I suggest, state or imply that Sabrina reveal her identity? Instead, I suggested that people be careful that they don’t say something that could lead to a frivilous lawsuit. You assume that because I’m an attorney, somehow that makes me welcome people who sue everyone for anything. That couldn’t be farther from the truth. I turn down clients who don’t have reasonable or fair complaints all the time, and work mostly with buyers and investors of properties. I will give credit where credit is due as well—you are CORRECT when you state that a judge wouldn’t waste time finding out the identity of those posting comments on the internet. However, you are naive to think that it’s difficult to obtain such information. It can be done in 10 minutes, with a savvy enough computer professional.

    On another subject, I’d like to clear up a misconception that Gary Lucido stated about being charged too much by real estate professionals. First of all, if you are a BUYER, it doesn’t cost you a thing to use a real estate agent. And, the agent does NOT dictate the fee, their BROKER/BROKERAGE does. Based on my experience, and the national statistics, it’s in the best interest of an inexperienced buyer or seller to use the services of a reputable real estate professional, when purchasing or selling a property. That’s not to suggest that you couldn’t do so on your own but, unless you are familiar with the process, and know how to protect yourself, it’s better to get assistance from a professional that will be your advocate. Like ANY profession, there are good and bad people in it. If you don’t feel like you’re being fairly represented, you should find someone else. There are a lot of great agents out there, and unfortunately, some really bad ones, who think setting you up in the mls search engine is the extent of their involvement. Don’t throw the entire profession under the bus! I’ve seen too many buyers make the mistake of thinking they can do everything themselves, only to end up paying too much for property, or not protecting themselves during the process. Buying (or selling) a home is one of the biggest emotional decisions people make, and it helps to have an objective eye to make sure logical and fair decisions are being made.

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  55. mezzgirl.. drinking the kool-aid on the spew of “buyer doesn’t pay for it” Of course they do as seller has to get 3% more for that brokers fees. I just sold w/o and turned down one offer with a broker and then came to a deal immediately with someone who had no broker as I gave them 2 of the 3 percent that would have gone to the broker. Buyer better of, seller better off, brokers just add cost and makes the transaction more difficult. How many time do you think buyers and sellers are apart by less than 6% and would have gotten done on the transaction had no broker been there. Protect you.. Ha!!! Call a lawyer and any new buyer should learn it is their bank owning 80-90% that will have the vested interest in making sure you are legally protected at closing anyway, brokers I don’t trust to turn off my gas stove.

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  56. “First of all, if you are a BUYER, it doesn’t cost you a thing to use a real estate agent.”

    I’d like to clear up a misconception about that–if you think you’re getting something for free, you aren’t. Buyers pay for their “agents” indirectly through higher prices. Then there is the problem of to whom the “buyer’s agent” actually owes his duties (as an agent)–little hint, it isn’t necessarily the agent’s “client”.

    Also, on the veiled threat, two points (1) any good lawyer makes their threats with plausible deniability (just like you did) and (2) anyone who has lived in Chicago long enough knows that “be careful what you say” is a threat; perhaps an indirect threat, but a threat nonetheless.

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  57. You people are WAY too paranoid, and have obviously had some very negative experiences. There are a few people who do get good deals without using an agent out there BUT, look at the national statistics, and it shows that the majority of people who forgoe using an agent end up paying MORE for their property, and sellers get LESS. I didn’t make those stats up. I don’t know what either anon or IB does for a living, but it’s clearly not contract law or real estate. Plausible deniability?(doesn’t make any sense that you would even use that term? Big words, though) Be careful what you say=threat? Please boys, go back to school and learn the definition of what a threat is. (an act of COERCION wherein a negative consequence is proposed to elicit response–in the case of an empty threat, there is no real negative consequence) Drinking the kool-aid? Tsk Tsk…why are you so defensive? You are not in the business, yet you think you know everything about the process. I’ve been in the business for 15 years, and my examples are from experiences spanning from the early 90’s to present. Please spare me the uneducated responses. And, “anyone who has lived in Chicago long enough knows that “be careful what you say” is a threat???? What does “LIVING IN CHICAGO” have to do with anything? Thanks for the compliment, I am a good lawyer.

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  58. “What does “LIVING IN CHICAGO” have to do with anything?”

    Okay, so you don’t get it. Thanks for clarifying.

    “Plausible deniability?(doesn’t make any sense that you would even use that term? )”

    Guess you don’t get that either. Oh, and if it doesn’t apply, then I wasn’t giving you a compliment.

    “Big words, though”

    Those ain’t big words.

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  59. I’m not going to use an agent because I know exactly the sort of properties I like, can find the info on the internet, and can manage the process pretty well myself is my guess. I think much of the value add in real estate was the realtor’s access to the MLS. Once this information is widely disseminated, those willing to the legwork themselves can save a few bucks.

    Is it for everyone? Absolutely not. But I don’t think most browsers on this blog are the median homeowner or consumer.

    On the legal protection issue I couldn’t agree with IB any more. You don’t own your home even after purchase if you have a mortgage. There is a big ol’ lien on that deed and its the bank that has a much more substantial interest in the property. Why should I shoulder 100% of the costs of due diligence in the transaction when the bank is on the hook for far more than I?

    Bush’s whole ‘ownership society’ is really a code-word for ‘loanership society’. People that pay a mortgage don’t own their property any more than a renter does. Try knocking out some walls or doing anything substantial to it that may lower the resale value of the unit without bank approval and see what happens.

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  60. “People that pay a mortgage don’t own their property any more than a renter does. Try knocking out some walls or doing anything substantial to it that may lower the resale value of the unit without bank approval and see what happens.”

    Uh, while it might violate the terms of the mortgage, do you really think that banks monitor what you’re doing with your property–especially when you’re current on the payments? I’m certain that, with the exception of a major insurance claim, my lender wouldn’t know squat if I completely gutted my house and sold the scrap.

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  61. If you didn’t make up those statistics, mezzgirl, then cite them. Because the only one I know about says the exact opposite. http://freakonomics.blogs.nytimes.com/2007/02/16/news-flash-realtors-hate-levitt/ (discussing the finding than agents will sell your home for 3% less than they sell their own homes–you can easily find the original study on the internet).

    Moreover, you are simply wrong about “the fact of the matter is that there are rules regarding copying and pasting photos from the mls and, you are breaching proprietary rights by doing so.” You have failed to cite any evidence (such as caselaw) holding that it does; you have failed to cite any evidence (such as caselaw) that would indicate such postings don’t fall under the “fair use” exception to copyright protection.

    Just urging that you are a lawyer with a lot of experience is ridiculous. A) How do we even know you are a lawyer? B) If you are a lawyer, how do we know you have any expertise in copyright? (I wouldn’t take a foot bunion to a cardiologist–lawyers are also only expert in their own fields). C) Who cares if you are an expert IP attorney, if you don’t give us any verifiable information to back up your conclusions?

    On the internet, you are only as good as the arguments you can defend and the evidence you can point us to.

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  62. I am buying a 1 Bedroom + den in this building. Eagerly waiting for them to finish and begin closings. I am told Closings are expected in September for some units but mine will be end of Oct or beginning of November. I walked by the building yesterday and it is true that the lobby walls are done and they are doing the floor. I have seen the garage a few weeks ago and that looked good with all spaces painted with yellow lines. They are also working on the exterior on the west side. I wish there was a place where all the future owners in that building could commuicate with each other.

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  63. Any updates on this building? Looks like the balconies are still not finished and I’m told it’s 60 percent sold.

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  64. Larry: I believe they’ve started closing on the sold units (a few months ago.) So there are people living there.

    The last I heard – it was still about 60% sold. Like most new construction buildings, sales are few and far between now.

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  65. Hi All,

    I know this post is old but I am on the sales team at 6 N. Michigan. If you have any questions regarding the project or any of the residences feel free to email me directly patrickryan@atproperties.com.

    We have started delivering residences and our common ammenities are almost finished.

    All the best,

    Patrick Ryan

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  66. Additionally, the building was just approved for the 8-year historic building tax freeze which offers quite a bit of savings.

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  67. Just an update on this old post. I would guess about 50-60% of the units closed is about right. I would say the developer is slow building the units. Many of the upper floor 2/3BR units are not being finished until they go under contract. This would appear to be a prudent move to conserve capital until someone buys.

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  68. Hi All. UPDATE: 75% will be closed at the end March and the Association will be turned over in April. All 1 bedrooms are finished out with the exception of the stone in kitchen and baths for the buyer to choose. Tax Freeze does apply until 2017 which is a massive savings and an extremely small amount of buildings get this. We have 27 residences left to sell (8 three bedrooms, 1 2B/2BA, 1 two bedroom/1bathroom, 2 One Bedroom+Den/1BA, 5 Large Duplexes, and 9 one bedrooms). All amenities are finished.

    We are starting to finish out all three bedroom floorplans.

    Buyers love this building and it shows in the fact that we have ONLY one resale EVER since we closed the first unit in Dec. of 2009. This is EXTREMELY rare. The location is awesome, finishes are above everyone else, and the tax freeze just tops it all off.

    Let me know if you have questions. 773-383-7689

    Patrick Ryan
    6 N. Michigan Sales

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  69. Whoops…10 one bedrooms…..adding to my previous post:-)

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