November 26, 2007 – Scott Greenberg’s development company ECD is currently working on theWit, a $100 million dollar condo hotel project on the corner of Lake and State Streets. Foundation work began on the 26 story tower in July and with the construction crane in place this month the building should start rising.

Greenberg, age 48, is no stranger to development. Following in his father’s foot steps he obtained his real estate license at age 18 and has been making deals ever since. After theWit, his next projects include two more hotels in Lincolnshire and the South Loop, which will operate under the Aloft name. TheWit will be run by the Doubletree chain of hotels.

There will be what the developer calls 238 “standard” hotel rooms on floors 6 through 20. A combination of 48 studio, one and two bedroom hotel condo units will be offered for sale on floors 21 through 26. Hotel amenities will include a private spa for residents and guests, roof top lounge, large movie screening room that can be booked and at least one if not two gourmet restaurants.

TheWit is expected to be completed in early 2009 and will join a growing number of hotels and Pre Construction Condos in Chicago in that area. But it may have an edge with it’s location just two blocks from Millennium Park and right next to the Chicago River. It is also just a short distance from the ongoing Block 37 development project and all of the retail sites there.

[tags]theWit, Chicago Illinois, Chicago Condos for Sale[/tags]

This entry was posted on Monday, November 26th, 2007 at 11:10 am and is filed under Mortgage Information.