ChicagoDowntown / Loop

Chicago's new lofts: What's left?

by Joseph Askins on 9/19/09

The past year has done a number on the selection of new true lofts throughout the city. Some developments, like University Village, finally reached sellout, while others, like the Park Kingsbury Luxury Lofts, gave up the ghost without ever reaching completion.

Friday afternoon I ran down our old list of true loft developments (adapted timber or concrete buildings, as opposed to new construction “soft lofts”) and checked local listings to see which still had new units for sale. The 14 projects represent the only ones I could find. Remember that in some cases, a developer’s agent may not list every unit still available within a particular project. In certain cases — LOACQ’s Opera Lofts, for example — developers are also offering homes for lease.

565 Quincy, 565 W Quincy St, Chicago

Downtown / Loop

  • 565 Quincy (above), 565 W Quincy St: One-bedrooms with 967 to 1,216 square feet, listed from the $330s to $380s; two-bedrooms with 1,280 square feet, listed in the $440s. Marketed by Belgravia Group.
  • Chess Lofts, 320 E 21st St: One-bedrooms with 793 to 856 square feet, listed from the $250s to $310s; two-bedrooms with 1,027 to 1,168 square feet, listed from the $340s to $400s. Marketed by Realm Realty.
  • Motor Row Lofts, 2301 S Michigan Ave: One-bedrooms with 926 to 1,057 square feet, listed from the $220s to $250s; two-bedrooms with 1,198 to 1,755 square feet, listed from the $290s to $470s; three-bedrooms with 1,755 to 2,049 square feet, listed from the $480s to $520s. Marketed by @properties.
  • Odyssey Lofts, 775 W Jackson Blvd: One-bedrooms listed from the $240s to $320s; two-bedrooms listed from the $350s to $400s; three-bedrooms listed in the $620s. Marketed by Jameson Real Estate.
  • Prairie District Lofts, 1727 S Indiana Ave: One-bedrooms with 851 to 1,579 square feet, listed from the $220s to $320s; two-bedrooms with 1,072 to 1,601 square feet, listed from the $270s to $410s; three-bedrooms with 1,537 to 1,725 square feet, listed from the $420s to $480s; four-bedrooms with 1,915 square feet, listed in the $490s. Marketed by Weichert, Realtors – Frankel & Giles.
  • Lofts at River East Art Center, 445 E Illinois St: Three-bedrooms with 1,608 square feet, listed in the $910s. Marketed by MCL Companies.
  • VB1224, 1224 W Van Buren St: One-bedrooms listed in the $240s; two-bedrooms listed from the $260s to $380s; three-bedrooms listed in the $150s. Marketed by @properties.

3133 Lofts, 3133 N Lakewood Ave, Chicago

North Side

Renaissance Lofts, 1791 W Howard St, Chicago

Far North Side

Shoemaker Lofts, 3963 W Belmont Ave, Chicago

Northwest Side

Opera Lofts, 2545 S Dearborn St, Chicago

South Side

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{ 1 comment… read it below or add one }

Kevin September 21, 2009 at 12:05 PM

Folks might want check out the previous posts (http://yochicago.com/ten-left-at-rogers-parks-renaissance-lofts/8096/) about the Renaissance Lofts. The situation hasn’t changed much as there are still roof leaks that have been ongoing over the last year and have been “fixed” several times. My windows ( and other unit owners) are still not fixed right, we are having issues with one of the first floor commercial tenants that are leasing from the Kopley group and there’s still no parking in the lot next to the building as initially promised. I asked a couple of the people who bought recently and they told me that no one mentioned the ongoing roof/masonry leaks in the buildings before/at the sale.

The building is in the midst of turnover to the owner run condo association there are lots of issues with the developer…including outstanding building code violations, financial questions, lots of repairs/defects and complaints to the Chicago office of Business Affairs and Consumer Protection.

Caveat emptor

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