1025 N. Dearborn Townhouses: No One is Home
Perhaps you’ve walked up Dearborn in River North and the Gold Coast and seen this black building as I have.
It is 1025 N. Dearborn a development of 10 modern townhomes that were supposed to compliment the highrise tower next to it at 30 West Oak. Smithfield developed 30 West Oak. The townhomes aren’t listed on Smithfield’s website but they show up in a rendering of the building on the website. I’m assuming it is still a Smithfield product.
The townhomes have been on the market for months but from what I can tell, none have sold. At least one has had a major price reduction of $500,000.
What has gone wrong with this development?
Here’s the listing:
ARCHITECTURALLY SIGNIFICANT NEW FEE SIMPLE LUXURY TOWNHOMES IN PRIME GOLD COAST LOCATION! THESE CONTEMPORARY HOMES FEAT FOUR LEVELS OF SPACIOUS MODERN LIVING W/GENEROUS ROOM SIZES POGGENPOHL KITCHENS WITH ULTRA-LUX APPLIANCE PACKAGE, CUSTOM WOOD FLOORING, ALL STONE BATHS, LARGE OUTDOOR TERRACES, 2 CAR ATTACHED GARAGE AND MUCH MORE. DELIVERY FALL 2007.
Prices range from $1.799 million for the 4,856 square foot townhouse to $3.25 million for the largest 6,228 square foot townhouse.
@Properties has the listing.