Columbus on the Park

The area around the University of Illinois at Chicago is undergoing major changes as several new condominium and loft developments come to the area. One of the biggest projects to come to the area is a loft building located at 811 S. Lytle and townhomes on the corner of Racine and Lexington.

Columbus on the Park is an ambitious project offering a total of 105 lofts and 28 condominiums in the heart of University Village. The location of the development makes it a perfect choice for faculty, employees and students of the University of Illinois at Chicago and the medical center.

Buyers can choose from several different models at Columbus on the Park. The six-story loft building was built by Kenard Corp, a Chicago-based developer with long experience in the local market.

The lofts and townhomes have as many as three bedrooms. All townhomes come with a two-car garage, 2.5 baths, and extra space in the basement. Lofts offer open floor plans with large windows the let in lots of natural sunlight.

Amenities in the loft building include a modern fitness center that allows residents to maintain a healthy lifestyle without leaving home. A party room and rooftop deck are the perfect place to entertain friends or get to know the neighbors while enjoying the excellent views of the surrounding city. A 24-hour doorman service is also available at Columbus on the Park lofts.

Units come with ample kitchen space, hardwood floors, and private balconies. The building is a concrete construction, ensuring a minimal sound transfer between units which allows residents to enjoy peace and quiet without hearing the neighbors.

Columbus on the Park is located in one of the hottest up-and-coming neighborhoods in the city, the Near West Side. This area was once home to warehouses and abandoned lots, but has been given a new lease on life with new condos and lofts that have brought young professionals and families to the area.

Downtown Chicago is just minutes away, making a daily commute a thing of the past. Metra and El service allows residents to get anywhere in the city in just minutes, and several expressways serve the area.

Residents can also enjoy the many parks in the immediate area. Sheridan Park and Arrigo Park are both within two blocks.

Shopping, dining, and nightlife in the area cater to students and young professionals living in the neighborhood, and offer a number of great choices. Greektown is also just a few minutes from Columbus on the Park. Enjoy the best Greek food outside of Athens or take in a street fair in this popular Chicago neighborhood.

If you’re in the market for a condo on the Near West Side, keep up to date with the latest market statistics for the neighborhood.

According to the Chicago Association of Realtors, sales of condos and lofts on the Near West Side have returned to levels not seen since 2002. A total of 383 condos were sold in the neighborhood during the third quarter, a 31 percent decline from the same period last year. This is one of the largest declines of any major market in Chicago, and could mean lower prices over the next few months.

Rising inventory levels are also putting more pressure on the market. It currently takes condo owners and developers an average of 149 days to find a buyer.

While the average sales price was up 11 percent during the third quarter, this may not last long if demand doesn’t rebound in the area. Look for great deals on luxury condos and lofts on the Near West Side.

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