June 22, 2009 - While it isn’t a new Chicago real estate development nor does it have a lot of units left for sale, University Commons is taking its place in the growing line of projects that are lowering prices. According to a recent article in the Tribune, prices on the remaining two bedroom, two bath condo lofts at this large renovation project are now priced from the $240,000s to the $370,000s. A 966 square foot two bedroom, two bath unit is now listed for $249,900 and a 1,126 square foot two bedroom, two bath loft is priced at $379,900.

The Enterprise Companies took on the task of preserving the old South Water Street Market in 2004 and the result was 824 condo lofts spread out over 6 buildings lined up in three rows. Pappageorge/Haymes handled the architectural aspect of the project, with preserving and adapting details like the terraces converted from loading docks, court yards transformed from alleys and even the balconies are designed to look similar to what the market awnings used to resemble, according to the article.

Other traditional loft features like original concrete columns give character, while Chicago’s Borg Design Studio handled the interior look. Each building at University Commons has two lobbies and the color scheme of each was designed around a unique fruit or vegetable.

Other interior details and features in these Chicago condos include undermount sinks, hardwood flooring, granite kitchen counter tops and some units have a fireplace. Common amenities at University Commons include a movie room, dog run, fitness room, sun deck and swimming pool. Parking is an additional $30,000.

If this location doesn’t work for you even with price cuts, then you may be able to find something you like among the other Chicago Condo Lofts.

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This entry was posted on Tuesday, June 23rd, 2009 at 7:49 am and is filed under Luxury Condos(t) , News(t) . You can leave a response.