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Archive for December, 2007

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University Village expands with Union Row

Sunday, December 30th, 2007

Buyers looking for a new luxury condominium in University Village can now see what’s available at Union Row. This development is located within steps of the Museum Campus, the University of Illinois at Chicago, and Chinatown.

This development, led by The Belgravia Group, offers a total of 35 new luxury townhomes, with floor plans ranging from 2,288 square feet to 2,901 square feet. Prices for these townhomes start at $550,000 and range up to the low $700s .

Amenities at Union Row include stainless steel appliances, a breakfast bar, and granite countertops in the kitchen. Each home also comes with a private yard, patio, and rooftop decks. Residents will also enjoy a private two-car garage, extra storage space, and hardwood floors throughout.

The area is well served by public transportation, including the Blue and Orange Lines and CTA buses.

The Belgravia Group is a Chicago-based company that has a long history of quality residential projects around the city. Other developments by the company include 565 Quincy and 600 North Lake Shore Drive. Drop by and take a look at Union Row and see why the Belgravia Group is known as one of the best developers on the Chicago Real Estate market.  To see floor plans, pricing, and other information on a per-unit basis, search the Chicago MLS.

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Prospect Heights condo market hits a new low

Saturday, December 29th, 2007

The real estate market in Prospect Heights is facing one of the slowest periods in recent memory.  According to data from the Chicago Association of Realtors, a total of 20 condos were sold during the third quarter, a 41 percent drop from the same period last year.  It is also the lowest sales total for the quarter in more than 16 years.

However, despite the drop in sales in the area, the average turnover time for condos on the market was also down.  This is a sign that there were fewer condos for sale on the market in Prospect Heights.  The average turnover time was down 14 percent from the same period last year, and now stands at 89 days.

The drop in inventory didn’t take pressure off of prices in the area.  The average sales price during the third quarter was 16 percent lower than during the same period last year, and could continue to drop if demand doesn’t pick up any time soon.

However, in the meantime, buyers should continue to find incredible prices on condos around Prospect Heights.  Take advantage of these great deals on Chicago Real Estate today.

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Luxury senior housing for Streeterville

Thursday, December 27th, 2007

Senior citizens looking for a luxury development that has all the services they need in a prime Chicago location will soon have another option in the heart of Streeterville.

Integrated Development Group, LLC announced plans for 139 new luxury residences.  The $80 million project will renew the home of the former Lake Shore Athletic Club, located at 850 N. Lake Shore Drive.

The historic building was completed in 1927, and has long been an integral part of the historic architecture in Streeterville.  Integrated Development Group purchased the property from Northwestern University.

Residents of this new senior citizen housing development will enjoy amenities such as a fitness center, spa, on-site restaurant, movie theatre, and valet parking.  The development will also offer 24 hour doorman service.

The development is one of just a few luxury residences designed for seniors only around downtown.  The building will offer 11 assisted living units, which include 24-hour medical care.

Several neighborhoods around the city are studying options for new affordable housing for senior citizens.  As the condo market exploded in recent years, many local seniors have been unable to afford to continue living in their long-time homes.  Find great Chicago Real Estate for senior citizens in neighborhoods around the city.

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