chicago-condos & Chicago Real Estate pcherry on 28 Sep 2009 11:57 am

Leasing Going Well At Lofts At Roosevelt Collection

September 28, 2009 - It looks as though the Lofts at Roosevelt Collection may be doing better as rental apartments than condos for sale. The first building, which has 170 units, is currently 70% leased with tenants moved in already. Before the change of plans, Chicago real estate developer Centrum Properties had stated that about 205 of the 342 Chicago lofts in the project (60%) were under contract. Those contracts have since been voided and the deposits returned. The second building at Roosevelt will also have 170 luxury apartments but it isn’t quite ready for occupants, according to an article in Crain’s.

Residents will be able to catch all the new holiday movie releases at the Kerasotes theater, which is due to be open sometime around Thanksgiving at the end of November. Whatever other retailers Centrum is in negotiations with probably won’t be a reality for some time, as they are estimated to open sometime in late 2010.

The units at Roosevelt have one or two bedrooms and one to two baths. Monthly rental rates for the one bedroom, one bath lofts are starting at $1,425. For the one bedroom, 1.5 bath units you can expect to pay from $1,625 per month. The two bedroom, one bath lofts are currently up for lease are being priced from $1,725 per month. And monthly rental rates on the larger two bedroom, two bath lofts start from $1,795.

If you’re more interested in purchasing than renting, there are lots of Chicago Lofts priced to sell right now.

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