chicago-condos & Chicago Real Estate pcherry on 30 Nov 2010 05:06 pm

200 Astoria Tower Condos May Go Rental

November 30, 2010 - For those of you who have been interested in living at Astoria Tower but maybe just aren’t in the position to buy a Chicago condo there right now, you may be able to rent a unit in the near future. According to a recent Crain’s article, Miami-based Crescent Heights is working on a deal to purchase about 200 of the unsold units at Astoria Tower for around $45 million and convert them to rental units for the time being.

Crescent Heights is making a name for themselves lately by purchasing Chicago real estate developments that are already rentals or switching them over to rentals. Last year the company bought Cityfront Place in Streeterville for about $80 million.

The condos at the 30 story Astoria Tower range from studios to two bedroom units. Prices for the studios start at $164,800 and the one bedroom condos start at $199,800. One bedroom plus den units are priced from $245,800 and the two bedroom condos are priced from $328,800.

The sales center at Astoria Tower, which is located on 8 East 9th Street, is open seven days a week from noon to 5pm if you want to check out the available units. You might also want to pencil in a few other developments with Chicago condos for rent to compare with Astoria’s.

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