9 West Erie

• Location: River North
• Footage: 1-2 bedrooms, 778 - 1,600 sq. ft.
• Delviery: 2009
• Pricing: $200,000s - $650,000
• Capacity: 10 stories
• Developer: Provence Development

Green buildings are the newest addition to the Chicago real estate market. These buildings are constructed with an attention to energy savings and protecting the environment.

One of the newest developments to offer several important environmentally friendly features is located at 9 West Erie.

Provence Development, the company behind 9 West Erie, is working with specialists for LEED certification to make sure that the development has the lowest impact possible on the Chicago environment.

Buyers can choose from several floor plans, ranging from one to two bedrooms. No two units are the same on each floor at 9 West Erie.

The building offers 11 floors, with 60 condominiums. Prices start at $270,000 for one bedroom condominiums and range up to as high as the mid $600s for the largest two bedroom units.

Amenities at 9 West Erie include an impressive collection of amenities for residents to enjoy. The building offers a modern fitness center for residents to maintain a healthy lifestyle from the comfort of their home.

The building also offers extra storage space for bicycles. Residents can purchase indoor parking spaces.

Enjoy a warm summer afternoon at the barbecue on the rooftop deck. Residents also have access to a business center.

The green features for the building include a green roof. The green roof offers added insulation for the building and reduces harmful emissions in the city. Energy efficient appliances, windows, and heating systems reduce the amount of electricity used and save residents money.

The developer is recycling 75 percent of all construction debris and will include 50 percent of recycled materials in the actual construction of 9 West Erie.

Each unit includes a private balcony, bamboo flooring, and prewiring for sound throughout the condominium.

9 West Erie is located in the heart of River North, close to many of the best restaurants, nightlife, and shopping areas in Chicago.

Popular restaurants in the area include Wildfire, Ruth’s Chris Steak House, Blue Water Grill and Bin 36.

For a night on the town, Redhead Piano Bar, Sound Bar, and Emerald Isle Pub are all popular options.

Buyers looking for condominiums on the Near North Side should be aware of the most recent statistics from the real estate market for the area.

According to the Chicago Association of Realtors, River North is seeing a downturn in demand and increasing supply of unsold condos on the market.

This could lead to lower prices for many condominiums in the area.

A total of 846 condominiums were sold in the area during the third quarter of 2007, a 5 percent drop from the same period last year. It is also the lowest number of condominiums sold on the Near North Side since 2002.

Condo owners and developers are waiting longer to find a buyer. The average turnover time for the neighborhood now stands at 119 days, a 22 percent increase over last year.

There are several major condominium developments underway on the Near North Side that will add to the existing supply of condos on the market, further fueling competition among sellers.

9 West Erie

Name:
Email:
Phone:
Address:
City:
State:
Zip Code:
Comments:
Please type this code: