August 29, 2009 - A little more information has surfaced about what retailers will occupy the commercial portion of Lofts at Roosevelt Collection. We already knew that the 16 screen Kerasotes Theater and an upscale bar/restaurant are due to open later this year. Chicago real estate developer Centrum Properties has stated that a David Barton Gym, Blue Mercury, Forever 21 and H&M are all scheduled to open at Roosevelt hopefully in the first half of 2010.

Another well-known but troubled project with Chicago lofts is Motor Row Lofts, located on 2301 South Michigan Avenue. The conversion of the three former historic auto showroom warehouses gained a lot of attention at first because of both the location and the eight year tax freeze that buyers would receive. But slow sales precipitated a $9 million foreclosure suit from a lender for the project, and developer Paul Zucker then began trying to rent out the lofts.

Now Mr. Zucker is back to trying to sell the Chicago condo lofts at Motor Row, although there are still a very few units up for rent. Prices on the two dozen or so lofts still for sale run from the $270,000 to $660,000 range, but you can get a 20% reduction if you’re one of the next five buyers.

The lofts have 13′ to 21′ high ceilings, bamboo, oak or maple flooring, Kitchen Aid appliances, ventless fireplace with stone hearth, Grohe fixtures, glass or stone tiles in the baths, granite counter tops plus wall-to-wall carpeting and walk-in closets in the bedrooms. Units come with a washer/dryer hook-up, individual and common deck with gas grill hook-up and lighting. The building also has a bike room and individual storage lockers for residents.

There hasn’t been a rush of buyers to this development lately, but you still may want to have a look sooner as opposed to later if you’re interested. A remember to check out the other Chicago Condo Lofts that are available right now, both for rent and for sale.

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This entry was posted on Saturday, August 29th, 2009 at 3:59 pm and is filed under Luxury Condos(t) , News(t) . You can skip to the end and leave a response. Pinging is currently not allowed.