ChicagoDowntown / Loop

A bulk sale of units at Superior at LaSalle in River North

by Joe Zekas on 10/10/12

Superior at LaSalle, 150 W Superior in River North, was one of the developments that hung tough on pricing when the market headed south a few years ago. Buyers also hung tough, and the developer eventually withdrew the remaining 16 units from the for-sale market and rented them.

The 16 units, plus two ground-level retail spaces and 26 deeded parking spaces, are currently being offered in a bulk sale for $11,995,000. An offering circular with all the details (pdf) is available online.

I shot these images back in March of 2009 at a 14th floor southeast corner model, a 2-bedroom, 2-bath duplex. Five of the units currently offered for sale are 2-bedroom, 2-bath duplexes.

The bulk-sale asking price, as best I can determine, approximates the total of the retail prices of the individual units at the time they were withdrawn from the market.

NOTE: The development was formerly an advertising client of ours.

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