March 13, 2008 - Another Chicago condo development that will begin deliveries in 2008 is the West Loop’s R+D659. The fifteen story tower is a Mesirow Financial Real Estate project, designed by Brininstool and Lynch who also designed 1720 S Michigan. With the advent of better weather, construction has ramped up on the project and plans are for the building to top off in mid year and be completed sometime in the first quarter of 2009.

At Properties is handling sales for this Chicago real estate project and an agent was quoted in Yo Chicago as saying that more than half of the 237 condos have sold, including the biggest penthouse unit and the entire stock of studio units. The rest of the condos still on the market are one and two bedroom layouts that range in price from the low $200,000s to the mid $400,000s. Condo finishes include Italian cabinetry, Grohe fixtures, slate floors in the baths and eucalyptus wood flooring in the common areas.

R+D659 hasn’t been big on flashy incentives like a lot of other Chicago Condos. Instead, first time buyers can take advantage of a deal from the preferred lender, National City Mortgage. They will grant a 1.5 percent reduction in mortgage rates. This is not available to those who purchase as an investment or already carry a mortgage at a higher rate. To a fair amount of buyers, this is more attractive than a big screen television thrown in for free.

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This entry was posted on Friday, March 14th, 2008 at 6:31 am and is filed under Luxury Condos(t) , News(t) . You can leave a response.