The Fairbanks at Cityfront Plaza, at 240 E. Illinois in Streeterville, has been closing for the past few months. Flips have started appearing in the building, but not as many as you might think for a building of that size. It has 31 stories. Current stats: 12 units for sale 4 units for rent The “loft” […]
Closings will begin shortly at 1347 S. Michigan, otherwise known as 1400 Museum Park, in the Central Station Development in the South Loop. The building is 32 stories, with 260 units. Currently there are 27 units still available from the developers. But at least one listing has appeared on Craigslist as a rental. The ad says […]
I’ve covered most of the buildings in Lakeshore East that have been completed except for The Chandler, at 450 E. Waterside Drive. The Chandler started closings in July 2007 and closings are continuing. I would estimate it is about 2/3rds closed. It is a 35 story building with 304 units. The building was marketed as “luxury.” Current stats on […]
It seems like The Odyssey Lofts at 775 W. Jackson in Greektown have taken forever to be built. They were originally marketed years ago. Anyone have any idea why it took them years to convert and then construct on top of that building? It is only 60 units. It’s a nice residential addition to Greektown. […]
I last chattered about 1620 S. Michigan in the South Loop in September 2007. Developed by CMK, the building has 249 units. Closings began in Summer 2006. At the time, I discussed three units where the flippers were in a world of pain. They were: Unit #406: 2 bedroom/2 bath, 1148 square feet Sold for $331,000 […]
Closings are beginning at 550 St. Clair in Streeterville. These are the first pictures I have seen of the interiors of the units. These are from the developer. And yes, the kitchen is still missing some appliances. They are of an 800 square foot one bedroom, one bath that is listed for $423,000. The unit faces west towards the Mag […]
I last chattered about the flippers at 451 W. Huron in River North in December 2007. 451 W. Huron is a 135 unit new construction building that was 95% sold when closings began in the fall of 2007. Current statistics: 19 for sale 9 for rent The units that I chattered about two months ago, are all still […]
We’ve seen one or two early “flip” attempts in Burnham Pointe at 730 S. Clark in the South Loop in the last few months. Closings are expected to start in the building in late summer/early fall of this year. The building will have 298 units. When I last chattered about the building in October 2007, […]
The Columbian at 1160 S. Michigan in the South Loop started closings in late summer of 2007. At the time of closings, it was only 70% sold. The developer still has dozens of units for sale. I haven’t been able to find any units that have flipped even though there are 38 units on the market (including developers […]