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Center of the NorthshoreClick Here To Get Detailed InformationIf you’re looking for a condominium in the Chicago suburbs, there are several excellent luxury condominium developments to choose from. One of the newest developments offering preconstruction condominiums is located in the hot Northbrook area. The Center of the Northshore is a major mixed-use development that is currently under construction. It’s located west of Interstate 94 on the corner of Dundee and Skokie. The developer behind the project is FCL Builders, a Chicago-based company with experience in both retail and residential development of Chicago condos in neighborhoods around the city. The Center of the Northshore promises to transform the neighborhood with 210,000 square feet of new retail space, a 171-room hotel, and 36,000 square feet of office space. The development will also offer 74 condominiums. Buyers can choose from many different floor plans. One-, two-, and three-bedroom condominiums are available at the Center of the North Shore. There are also several luxurious penthouse units. Prices for one-bedroom condominiums start at $384,000. Penthouses sell for as much as $2 million. Amenities at the Center of the Northshore include GE stainless steel appliances, granite countertops, and a choice of several different styles of wood cabinets. Each unit also comes with hardwood floors in the main living areas, laundry rooms with included washer and dryer, and large balconies with a gas line for a barbecue. Residents of the luxurious penthouse units enjoy an upgraded appliance package, 10-foot ceilings, and two indoor parking spaces. Penthouses also come with a fireplace. Residents of the Center of the Northshore are just steps from many stores, services, and public transportation. The development offers a spa and modern fitness center. Shoppers don’t have to go far to find the best shops and boutiques in Northbrook. There will also be several restaurants at the Center of the Northshore. Step out for a quick bite or enjoy the best in fine dining that Northbrook has to offer. Plans call for completion of the development in late 2008. If you’re in the market for real estate in Northbrook, stay up to date with the latest statistics for the area. According to the Chicago Association of Realtors, demand for condos in Northbrook is down and prices are dropping. A total of 56 condominiums were sold in the neighborhood during the third quarter, down from 83 during the peak of the market in 2004. It’s also the lowest total sales for the period since 2001. If you’re selling your condominium in Northbrook, it’ll take you a lot longer than you may have expected. The turnover time for condos on the market in Northbrook was up 79 percent in just one year. It will now take you 145 days, or almost 5 months to find a buyer for your property. The drop in demand and increase in inventory has already led to lower prices in Northbrook. The average sales price was down 3 percent during the third quarter, and could continue to drop in the next few months if demand doesn’t rebound in the neighborhood. It’s definitely a buyer’s market in Northbrook. If you’re looking for a condo in the area, you should start to find prices not seen in the last few years. I'M INTERESTEDTo:
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