May 29, 2010 – There have been quite a few high dollar sales of luxury Chicago condos lately and the latest one to make the news was in Ten East Delaware. This 35 story Gold Coast tower developed by the Prime Group has a total of 121 units and according to a recent article in Crain’s they are about 80% under contract right now. That’s up a bit from the 75% that were sold as of late last year. The condos at Ten East Delaware run about $685 per square foot.

The big sale at this Chicago real estate development that made the news was a $2.319 million price for two condos on floor 24 of the high-rise. The units were purchased by Walter Cupkovic, who is a co-chairman of Thompson’s real estate practice, according to the article. The lawer and his wife are combining the two condos to create one residence with 3,565 square feet of living space.

The condos at Ten East Delaware have from one to three bedrooms with prices ranging anywhere from the mid $500,000s on up to around $2.25 million. The units are ready for immediate occupancy and come with hardwood flooring, a private balcony, Poggenpohl cabinets in the kitchen, granite counter tops, Wolf and Sub-Zero appliances, marble bath tile and surround, Kohler soaking tub, plus walk-in closets in the master bedrooms.

Building amenities include the Ten Club with its fitness center, swimming pool, sun deck, professionally landscaped gardens and party room.

If you aren’t sure that Ten East Delaware is right for you, there are quite a few more new Chicago Luxury Condos available and ready for move-in now.

Technorati Tags: Ten East Delaware, Chicago Luxury Condos, Chicago Real Estate Listings

May 28, 2010 - With the recent news about the developer of the Mondial deciding to give marketing the Chicago condos in that tower another try instead of switing to rental units as well as news that Lexington Park was taken over by its lender and could possibly go the rental route, we thought we’d see what Trio was up to. Late last year RDM Development announced that they were debating changing all of the units in the 22 story tower to rental apartments. The two mid-rise buildings have over 80 of their 109 units sold.. The high-rise, located on 670 West Wayman Street, then began advertising both rentals and Chicago condos for sale. There are 100 units in Trio, about 25 to 30 of which are sold, but not much has been in the news about rentals at the development lately.

Right now a one bedroom, two bath condo with 893 square feet at Trio’s tower is renting for around $1,650 per month. Two bedroom, two bath condos with 1,335 to 1,355 square feet of living space are being offered for rent for around $2,400 to $2,725 a month.

Unit finishes include hardwood floors, Bosch and Frigidaire kitchen appliances, granite counter tops, stone tile in the baths, glass mosaic tile and a private terrace. Building amenities include a green roof top garden, fitness center, 24 hour doorman and landscaped courtyard between the three buildings.

Check back here regularly for updates about more Chicago Condos for sale and for rent.

Technorati Tags: Trio, Chicago Condos, Chicago Real Estate Listings

May 27, 2010 - It looks as though the planned Chicago real estate development named the Park 1000 will never make it past the drawing board. The South Michigan Avenue site where the tower was going to be built will be auctioned on July 27th by Rick Levin as per a court order. Crain’s is reporting that developer Warren Barr was hit back in May of 2008 with an $18.7 million foreclosure suit filed by lender First American Bank. That amount owed has now ballooned to $25.3 million with the accrued interest, although the suggested opening bid set for the parcel of land is $9 million.

Right now though, the South Loop is still full of unsold Chicago condos and launching a new development there isn’t on anyone’s short-term aganda right now. But some developers may be planning ahead. It will be interesting to see how much the site actually brings and just how many developers believe the housing market is recovered enough to make that sort of investment. Rick Leven was quoted in the article as saying that, “When it does come back, land along Grant Park should be the first to benefit. There aren’t a lot of vacant parcels on this stretch that could offer this large of a development opportunity.”

The Park 1000 was to be a 40 story high-rise with 350 one to three bedroom, one to 3.5 bath condos. The units would have measured from 1,273 to 4,659 square feet. Prices on the units had run anywhere from $299,000 on up to more than $1.6 million. The tower would have had a fitness center, indoor pool and golf simulator.

With so many Chicago foreclosures available at discounted prices, you may want to see if anything appeals to you in that category.

Technorati Tags: Park 1000, Chicago Foreclosures, Chicago Real Estate Listings