August 29, 2007 - MoMo, that shortened moniker for Modern Momentum, has quite a lead ahead of its cousin, SoNo, which we mentioned in an earlier post was just getting started. With glass going in the windows on the upper portion of the tower on Randolph Street, it looks like developer Smithfield Properties won’t be too far off their original estimate of mid to late 2007 for construction end on the project.

MoMo’s design is interesting in that it almost looks as though it’s standing on two legs. In reality, those legs frame a void that was created to elevate the residential condos another four stories past the already four story tall base. This gives the condos on the lower floors a raised view that they otherwise wouldn’t have had due to a parking garage located close by.

If residents aren’t overly fond of the name MoMo for their building, they don’t have long to wait for a change. If all goes according to plan, the Joffrey Ballet Company of Chicago has made plans to buy the entire space on floors three and four. They will relocate there and install offices, a theater and studios. Along with the purchase of the two floors, they also bought the rights to change the name of MoMo to the Joffrey Tower after they assume occupancy in December.

With so many building projects about to wrap up in time for move in before the holidays, there may be a new supply of Rent to own condos in Chicago available soon. If you’re not ready to buy right now, it could be a good time to look into renting.

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This entry was posted on Wednesday, August 29th, 2007 at 3:29 pm and is filed under Luxury Condos(t) , News(t) . You can leave a response.