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Archive for May, 2008

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Luxury condos at 757 Orleans

Thursday, May 22nd, 2008

River North has seen a lot of changes in recent years with the arrival of luxury condominium developments that offer the finest amenities in an excellent location close to the downtown Chicago business district.

One development that has turned a lot of heads in River North is 757 Orleans. Each condominium in this development offers a gourmet kitchen with stainless steel appliances, 42-inch cabinets in a choice of oak or maple, and granite countertops. The master bath offers designer lighting, marble vanities, and a separate shower and soaking tub. Residents also enjoy hardwood floors throughout the main living areas and carpeted bedrooms. Floor-to-ceiling windows open out to excellent views of downtown Chicago.

The development is a full amenity building. Residents of 757 Orleans enjoy a number of convenient amenities that include onsite parking in the indoor heated garage, plenty of extra storage space, an outdoor terrace with sundeck and swimming pool, and a modern fitness center.

757 Orleans is within walking distance of most of the downtown Chicago business district, making it easy to get to the best restaurants, shopping, and entertainment. It’s also convenient for downtown workers, who can do away with the daily trek to downtown on crowded buses and trains.

757 Orleans is one of the best new condo developments to come to the Chicago Real Estate market.

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Condo sales hit two-year high in McHenry

Wednesday, May 21st, 2008

McHenry was one of just a few neighborhoods in the Chicago suburbs to see an increase in demand for condominiums. The neighborhood had the second best showing during the first quarter in more than 17 years.

According to data from the Chicago Association of Realtors, a total of 32 condominiums were sold in the neighborhood during the first quarter, up from 28 units sold during the same period last year. It was the second year in a row with an increase in sales during the first quarter.

However, despite the increase in demand for condominiums in McHenry, the market continued to see more units for sale. It now takes an average of 120 days to find a buyer, up from 90 days a year ago.

Prices for condominiums in McHenry continued to rise during the first quarter. The average sales price rose 6 percent from the same period last year, and could continue to rise if demand continues to rise.

Buyers looking for great prices on Chicago Real Estate in the suburbs may not find the lowest prices in McHenry. However, if demand rises in the area, condo values could increase in the short term.

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Sales continue at Astoria Tower

Tuesday, May 20th, 2008

Sales of luxury condominiums continued during the first quarter at the Astoria Tower. This South Loop development is located at 8 East 9th Street, and is set for its grand opening this year.

The 30-story tower offers a total of 241 condominiums, with a number of floor plans for buyers to choose from. The smallest unit at Astoria Tower is a one-bedroom condominium with 561 square feet of total living space. This unit is priced at $164,800. Two and three-bedroom condominiums are also available, with the most expensive three-bedroom unit offering a total of 1,893 square feet of living space. This unit is priced up to $900,000.

This full amenity building offers a 24-hour doorman service, receiving room, and plenty of extra storage space. The Spa Life Center is a 12,000 square foot modern health club that has everything you’ll need to enjoy an active lifestyle from the comfort of your home. The spa comes with a swimming pool, roof top decks, a barbecue area, and sauna. Residents can also enjoy a theatre room and party room, the perfect place to entertain friends and family.

Astoria Tower is steps from much of the best that downtown Chicago has to offer. This development is located within a few minutes of the downtown Chicago business district, Grant Park, and the Museum Campus. Public transportation is also conveniently located in the neighborhood. Check out the best Chicago Real Estate on the market today.

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