"First-ever" price reductions at 600 N Fairbanks

Deliveries began at 600 North Fairbanks in November 2007, and like many large projects around the city, it’s been a slow march to the finish line since then. Last July, Joe reported that only eight developer units were available at the Helmut Jahn-designed high-rise, and now, almost a year later, Schatz Development still has eight condos on the books in the Streeterville high-rise.

Today, we received an email from Jennifer Owen, Schatz Development’s director of sales, announcing price reductions for the eight remaining developer units in the Streeterville tower.

Here’s a breakdown of the pricing for the eight available homes:

• Unit 2210: 1,852 square-foot two-bedroom / two-bath priced in the $840s ($50,000 price reduction)
• Unit 3210: 1,852 square-foot two-bedroom / two-bath priced in the $880s ($54,000 price reduction)
• Unit 3610: 1,852 square-foot two-bedroom / two-bath priced in the $890s ($50,000 price reduction)
• Unit 3301: 1,746 square-foot three-bedroom / 2.5-bath priced in the $940s ($76,000 price reduction)
• Unit 3704: 1,543 square-foot two-bedroom / 2.5-bath priced in the $940s ($76,000 price reduction)
• Unit 3805: 1,832 square-foot two-bedroom / 2.5-bath priced at $1.19 million ($49,000 price reduction)
• Unit 3905: 1,832 square-foot two-bedroom / 2.5-bath priced at $1.19 million ($78,000 price reduction)
• Unit 3902: 1,536 square-foot two-bedroom / 2.5-bath priced at $1.05 million ($85,000 price reduction)

In addition to those eight developer units, 20 resale homes and six rentals are currently listed on the MLS. Prices for the resales range from the $390s to the $870s, and rentals are offered for $2,950 to $5,300 per month.

Related posts:

1. More price reductions at Bucktown conversion
2. Price reductions at the Grande on Southport
3. Price reductions at 2930 Sheridan
4. Price reductions spur interest at 3133 Lofts
5. Reductions roundup: Recapping price changes at five new developments