February 28, 2008 - For those who bought a unit at Motor Row Lofts, the construction finish line is in sight and first deliveries are pretty much on target for this spring. Motor Row Development Corporation scored a triple play of sorts with the conversion of these three classic buildings. Not only are they architecturally unique, they occupy a great South Loop location on Michigan Avenue and buyers will receive a substantial tax break because the buildings are part of the Motor Row Historic District.

Anyone who bought one of the lofts will qualify for an eight year property tax assessment freeze and may also be able to get a three to four year partial freeze after that. The Motor Row Lofts development was featured in the February edition of New Homes Magazine and a representative of Koenig and Strey GMAC confirmed that the tax break has proven to be a big incentive for buyers.

You could call these units the Cadillac of lofts since the largest of the three buildings once housed a showroom for that particular automobile. There are a total of 52 lofts and 36 different floorplans, so there isn’t much repetition in this development. The lofts vary in layout from one bedroom and one bath to three bedrooms and two and a half baths. Dens are optional. Ceiling heights of 13 to 21 feet, 12 foot high windows with low E glass, a choice of bamboo, maple or oak flooring, KitchenAid appliances, lots of exposed brick and timber plus 2 Otis high speed elevators are just a few of the features that make Motor Row Lofts one of the best additions to the Chicago Condo Lofts inventory this year.

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This entry was posted on Thursday, February 28th, 2008 at 11:55 pm and is filed under Luxury Condos(t) , News(t) . You can leave a response.