The Roosevelt Collection hit hard…switching from condos to apartments!
Posted by ChicagoismynewBlog! on August 12, 2009
Word broke around a week ago that The Lofts at Roosevelt Collection, located around 150 W. Roosevelt Road in Chicago’s South Loop. Developed by Centrum Properties, The Lofts at Roosevelt Collection was set to include 342 loft condominiums in addition to a 300,000 square-feet of retail space. With around 60% of the homes under contract, this is a hard hit…but at least these homeowners received their earnest money back. According to this ChicagoRealEstateDaily.com article, the development will be anchored by a 16 screen Kerasotes Showplace movie theater and a David Barton gym with the remaining retail space at about 50% leased. Centrum is in “serious negotiations” with tenants for another 40% of the space which is great news. So if you’re in the market for a brand spankin’ new loft apartment, check out their website or give the leasing office at call at 312-588-1688. Rents start at $1,375/month for a one-bedroom and $2,300 for two bedrooms.
Check out the full article by clicking HERE!