chicago-condos & Chicago Real Estate pcherry on 25 Sep 2009 06:59 pm

Aqua Apartments 60% Leased

September 25, 2009 - Along with the recent news first deliveries at Aqua have begun, co-CEO Joel Carlins of Magellan Development has stated that, “Our rentals at Aqua are also going fabulous. We started May 1st renting, and we’re already 60% preleased.” Mr. Carlins was quoted in a recent GlobeSt. article as also saying that the 262 Chicago condos were 92% sold at this point.

The remaining studio to three bedroom condos are listed from the developer at about $525 per square foot, with the units running averaging 1,200 square feet. The 474 apartments measure about 1,300 square feet and monthly rents run anywhere from $1,375 to $3,111.

Aqua is the latest high-rise in to near completion in Lakeshore East. Magellan’s other Chicago real estate developments there include The Shoreham, The Tides and The Chandler. At Aqua, Magellan plans on occupying most of the 40,000 square feet of office space. A hotel chain could be announced soon to take over that space, and of course CVS, which has been open for some time, has a 20 year lease in the retail section of the 82 story tower.

There are other Condos In Chicago priced to sell if Aqua isn’t quite what you’re looking for.

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