Rezmar closing out Mansions on Prairie

by barry pearce on 5/28/04

Rezmar Development Group has sold every unit but the model at its luxury Mansions on Prairie Avenue development, 17 “single-family rowhomes” in the Prairie Avenue Historic District.

The final home is listed for sale at $2.9 million. Decorated by interior designer John Robert Wiltgen, IIDA, the home includes a variety of high-end custom appointments and is available for immediate occupancy.

The five-story home, just south of 18th Street, has nearly 6,000 square feet of living area and echoes the ornate 19th century architecture that was so common on Prairie Avenue back when Chicago’s elite called it home. Rezmar’s new homes, designed by Chicago architects Pappageorge Haymes, are part of a resurgence on Prairie and throughout the Near South.

“The mansions pay homage to 1890s architecture while incorporating the comforts of contemporary living,” said Ron Smith, Rezmar’s vice president of sales and advertising.

Rezmar also is close to a closeout at River Walk, a $55 million residential community on Lakeview’s western edge, along the Chicago River, at 2902 N. Western. The development includes a mix of loft condominiums and luxury townhomes built along a new riverwalk.

“We only have one townhome remaining,” Smith said. “Like all the residences, it has access to the Chicago River along the landscaped river walk.”

Like the last Mansion on Prairie, the final River Walk townhome is available for immediate occupancy. The corner unit has three bedrooms, 2.5 baths, a fenced yard and 2,821 square feet of living area. The price of $499,900 also includes a roof deck, two-car garage, electrical upgrades and a Whirlpool tub.

As it closes out two major projects, Rezmar is gearing up for a massive $1.5 billion mixed-use development on 61 acres along the Chicago River between Roosevelt and 16th. Riverside Park will replace vacant railroad land with 4,600 units of housing and roughly 650,000 square feet of retail space.

The official development company name is Roosevelt / Clark, LP. Work is expected to begin on the site next year, and Rezmar likely will parcel out some portions of the project to other developers.

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