Monthly ArchiveOctober 2010



chicago-condos & Chicago Real Estate pcherry on 11 Oct 2010

New Free Fitness Program For Aqua Residents

October 11, 2010 - Residents of Aqua don’t seem to be lacking when it comes to free entertainment or other programs and events at the 82 story high-rise. In the past there have been free movie nights for residents. Now the latest news from Chicago real estate developer Magellan’s event calendar for Aqua is that there is a new resident fitness program about to start.

The fitness program is a complimentary one that is available to Aqua residents only. It will be held in the Aqua Shore Club and the first session starts today, October 11th at 6:30am. in the Fitness Studio on floor 2.

There will be a free one hour training session to start. This session will review subjects such as diet, your fitness goals and expectations, a movement analysis, short workout and then a cooling down session, according to the announcement. You will need to register with the Resident Trainer, Aryk Crowder, to participate.

There will be a Variety Bootcamp for cardio and strength training that meets on Monday at 6:30am and Thursday at 7:30pm. Exercises include kettlebell, dumbbell and plyometric workouts.

A Yoga class will also meet on Wednesday at 5:30 p.m.

The developers of Aqua have made sure that when you buy one of the Chicago condos in the tower you also get a great opportunity to take advantage of the free programs there as well.

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chicago-condos & Chicago Real Estate pcherry on 08 Oct 2010

Aqua Apartment Deal Derailed

October 8, 2010 - Magellan Development’s near-deal to sell the apartment portion of Aqua to Behringer Harvard Multifamily REIT I Inc. is a no-go. Earlier this week Crain’s had reported that Behringer was working towards purchasing a 75% ownership stake in the 474 rental units at Aqua for $189 million. But Crain’s is now reporting that the REIT has decided not to go through with the deal.

One of the conditions that Behringer wanted Magellan to meet was having a completed sale of the hotel portion of the Chicago real estate development. Carlson Hotels Worldwide is planning on buying the 18 floors at Aqua that are designated as hotel space and launching a Radison Blu. But that deal isn’t scheduled to be finalized until later this month.

The article went on to state that Magellan still wants to sell the rental portion of Aqua if the right deal happened to surface. The investment would probably be a profitable one. Even though Appraisal Research Counselors named the Aqua apartments as the most expensive downtown rental units at $2.60 per foot, they are 98.1% occupied.

But you don’t always have to pay that much for great rental home. There are other nice Chicago apartments available with Lake views.

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chicago-condos & Chicago Real Estate pcherry on 06 Oct 2010

Limited Time Lease-To-Own At Grand Bend At Green Bay

October 6, 2010 - If you’ve been looking for rent-to-own suburban Chicago condos, you may want to check out what’s available at Grand Bend At Green Bay in Evanston. This six story suburban Chicago real estate development has 49 condos and right now the developer is not only offering the unsold units at reduced prices, they are offering a limited number of those condos on a rent-to-own basis.

Under this new, limited time program, buyers can sign up and have 25% of their monthly rent count towards the purchase of the condo. According to the sale staff, two units have been leased under this new program and only a few more will be offered.

Grand Bend At Green Bay, which is located on 1228 Emmerson Street in Evanston, has one bedroom condos that are priced from the $190,000s. You can expect to pay from the $290,000s for two bedroom units and the three bedroom condos start in the $570,000s.

Condos come with either a balcony or terrace, floor-to-ceiling windows, extra storage, stainless steel GE appliances, Fridgidair washer and dryer, Moen fixtures, granite counter tops, 12 inch ceramic tile and tub/shower surround in the bath, soaker tub and vinyl covered wire closet shelves.

You can compare Grand Bend At Green Bay with other rent to own Chicago condos and see which ones are the best fit for you.

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