Monthly ArchiveMay 2010



chicago-condos & Chicago Real Estate pcherry on 25 May 2010

$9,000 Incentive At Optima Old Orchard Woods

May 25, 2010 - For those of you looking for deals on suburban Chicago condos, you may want to check out Optima Old Orchard Woods in Skokie. Right now the developer is offering a “Better Than A Tax Credit” program where buyers can get $9,000 knocked off the price of a new condo if you sign a contract by May 30th. The project is FHA approved, so a low down payment is possible for those who qualify. There are a total of 656 units in this suburban Chicago real estate project and according to a recent press release they are about 75% sold.

Optima Old Orchard Woods consists of three connected glass towers that all have an impressive two story glass lobby. All three of the high-rise buildings have a green rooftop and upper level fitness center. A swimming pool, sun deck, tennis court, spa and party room with kitchen are available in each of the towers. Condo features include floor-to-ceiling windows, recessed balconies or terraces, stainless steel appliances, washer and dryer and granite counter tops.

Right now the one bedroom condos are listed from $234,700. Two bedroom condos at Optima in Skokie are priced from $267,000. The three bedroom units are running from $489,000 and penthouse suites are listed anywhere from $665,000 to over $1 million.

There are 665 condos total and every one comes with either a private balcony or terrace. Currently the one bedroom units are priced from $234,700 and the two bedroom units start at $267,000. If you need more room, the three bedroom condos are listed from $489,000. Penthouse residences are priced from $665,000 and the largest four bedroom penthouse units start at about $1 million. The development is also FHA approved and some buyer incentives are being offered on certain immediate delivery sales.

If Optima in Skokie isn’t exactly what you’re looking for, you may want to see some of the Chicago lofts that are for sale right now.

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chicago-condos & Chicago Real Estate pcherry on 24 May 2010

More Aqua Hotel Details

May 24, 2010 - A little more information about the Radisson Blu hotel that is coming to Aqua has become available. The 18 floors of Aqua that will house the hotel will contain 300,000 square feet of operation, 334 guest rooms, a 12,500 square foot ballroom, 27,000 square feet of meeting space and a 125 seat restaurant and bar.

Chicago real estate developer Magellan stated in a press release that the Radisson Blu guests will have a separate entrance from the residential part of the 82 story high-rise. Hotel guests will also be allowed access to all of the resident amenities at Aqua and fitness center.

Hubert Joly, Carlson hotels President and Chief Executive Officer, was quoted in the Magellan article as saying that, ”Our ambition is to establish flagship hotels in major cities in the U.S. and the Radisson Blu Aqua hotel is a major step towards realizing that goal.”

Executive VP of Development & Investments for Carlson Robert Kleinschmidt was quoted in the article as saying that, “We believe Aqua provides an excellent choice for a Radisson Blu U.S. flagship property because of its dramatic architecture and prominent and visible location.”

If you’ve been considering purchasing one of the last few remaining units at Aqua, you may want to get moving. With all of the recent press about the hotel, buyers may be motivated to make an investment. And if you don’t find anything you like at Aqua, there are plenty of other Chicago condos for sale.

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chicago-condos & Chicago Real Estate pcherry on 22 May 2010

Flair Tower Grand Opening June 3rd

May 22, 2010 - Another new rental Chicago real estate development is set to open soon. McCaffery Interests will hold a grand opening on June 3rd for Flair Tower, located on 222 West Erie Street. According to a profile on GlobeSt., the tower has 198 apartments and is over 30% leased already. The original plan for the site was to build omre Chicago condos by another developer, but McCaffery instead put up the $80 million Flair Tower.

Pamela Austin, project manager for McCaffery, said in the article that they have had to hire more sales staff because of so much interest in the building. She also stated that the studio apartments are already all filled and the one bedroom units have been the next most popular choice. Another favorite among renters has been the apartments on floor six, which are closest to the building’s outdoor patio. There are ten penthouse units at Flair Tower and two of those have been leased so far.

Flair Tower resident amenities include the outdoor landscaped terrace with gass grills and fireplace, fitness center, swimming pool and Whirlpool, clubroom wth television, Wi-Fi and pool table, conceirge service, business center, coffee bar, indoor parking, dog run and a guest suite.

The apartments come with walk-in closets, granite countertops in kitchens and baths, stainless steel appliances, floor-to-ceiling windows, private balcony or terrace, in-unit washer and dryer, fireplace in penthouse units, porcelain tile in kitchens and baths and wood flooring in other rooms.

There are 198 total apartments at Flair Tower that reange in size from 595 square foot convertibles to 1,779 square foot three bedroom units. Rental rates run from about $1,385 to $5,455 per month.

You can also check the Chicago MLS for information on new apartment rates and availability.

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