March 12, 2008 – This year a trio of Museum Park towers will see a lot of action as construction wraps up and residents start moving in. The high-rises have sold well, the combination of the desirable Central Station location and close proximity to Lake Michigan and Grant Park attracting many buyers. Competitive pricing and a long list of amenities also helped push sales into the black on these developments.

One Museum Park and 1400 Museum Park will be first in line to start deliveries. Yo Chicago reported that both buildings should begin closing contracts in thirty days or so and residents will be able to move in shortly after that. Construction on the top levels is still in progress, but lower floors will be ready to go.

1600 Museum Park will follow suit in mid summer, with topping off scheduled for June or July. The marketing director was quoted as saying that construction is moving along so quickly that basically a floor per week is being poured. There are still a number of units available at 1600. The remaining one to three bedroom condos range in price from the low $290,000 on up to the $700,000s.

Even with The Chicago real estate market conditions not being ideal, there are still high quality developments like those in Central Station where Chicago Luxury Condos sell well. Granted, these towers began marketing before the worst of the downturn and moving those last units in 1600 may prove to take a little longer than the first initial sales did.

[tags]1600 Museum Park, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Thursday, March 13th, 2008 at 11:17 am and is filed under Mortgage Information.