Blame it on the winter chill, market uncertainty or something else entirely, but sales appear to have slowed at 235 Van Buren over the past five months.
More than 370 of the 714 condominiums in the Loop high-rise had sold prior to the opening of its sales center in September 2007, according to an old Yo post. Last week, 235 Van Buren publicist (and New Homes Magazine columnist) Don DeBat announced that sales at the 46-story had “nearly reached the 400-unit mark,” which isn’t much of a difference, if you ask us.
CMK Companies’ condominiums have one to three bedrooms and one to three baths arranged in more than 130 different floor plans. Prices range from the $180s for a 522-square-foot studio to the $430s for a 1,292-square-foot, two-bed / two-bath unit. Penthouses are available at a base price in the $360s.
CMK prez Colin Kihnke told New Homes in February 2007 that 235 Van Buren offered first- and second-home buyers “edgy architecture at affordable price points.” Yo readers seemed split on the project’s location, with some seeing it as a good transition point “linking the Loop to both South Loop developments and planned UIC dorms” and others worrying that the tower was doomed to a life of corporate rental apartments.