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The Providence CondominiumsClick Here To Get Detailed InformationIf you want to live a maintenance free lifestyle in a luxury condominium development, but don’t want to trade in the suburbs for the city, there are plenty of options for you in the Chicago suburbs. One of the newest luxury condominium developments is located in downtown Palatine, located just ten miles northwest of the city at 50 North Plum Road. The Providence is a project by The Hummel Group, a Palatine-based developer with a long history of quality in the region. The Providence offers a total of 58 condominiums in the eight-story building. The developer has also built a four-story building offering luxury lofts adjacent to The Providence. There is also retail space on the ground floor of the development. Buyers can choose from floor plans ranging from one to four bedrooms at The Providence. Floor plans at Providence Lofts range from one to two bedrooms. Floor plans for one-bedroom condominiums start at just over 1,000 square feet and range up to as much as 5,120 square feet for the largest four-bedroom condominiums. The Providence Lofts have smaller layouts, with the largest unit offering 1,170 square feet of living space. There are currently several units available at The Providence. A two bedroom and two bath unit is now selling for $489,900. The largest four-bedroom condominium is priced at $1.4 million. The Providence condominiums offer an impressive list of amenities. Gourmet kitchens come with a stainless steel appliance package, granite countertops, and custom cabinets. Bathrooms at The Providence include a separate shower and Whirlpool tub. Residents will also enjoy the high ceilings, hardwood floors, carpeted bedrooms, and private outdoor space at The Providence. The building offers indoor heated parking and a media room for viewing the latest DVD release. A rooftop patio is also available to residents of both buildings. Residents of The Providence will also enjoy living in one of the most convenient locations in Palatine. The Providence is one block from the Metra station, making the daily commute to the downtown Chicago business district quick and easy. Professionals who travel a lot will also love the easy connections to O’Hare airport, located just 10 miles away. Downtown Palatine also offers excellent shopping, dining, and nightlife, all within walking distance of The Providence. Residents will love the street fairs, concerts, and festivals held during the summer on the streets of downtown. If you’re planning on buying a condominium in Palatine, keep up with the latest news coming out of the real estate market in the area to make the right choice for you and your family. According to the Chicago Association of Realtors, sales of condos in Palatine have dropped sharply in the last two years. A total of 163 homes were sold during the third quarter, a 38 percent drop from last year and the lowest total for the quarter since 1994. The supply of condos sitting unsold on the market has increased sharply. Condo owners and developers are facing a turnover time of 119 days in the area, meaning that it takes almost four months to find a buyer. If demand continues to drop and the supply of condos on the market increases, buyers could begin to see lower prices in the area over the next few months. Be on the lookout for excellent deals for a luxury condominium in Palatine and negotiate for a price that reflects the current slow market. I'M INTERESTEDTo:
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