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After two and a half years of sales and marketing, the first new homes at the Glenstar Properties‘ Park Monroe conversion at 55 E Monroe St in the Loop are almost set to close, says sales agent Audra Hall.
Closings should begin by the end of this month, Hall says. By mid-March, she’ll be able to move her sales center up into one of The Park Monroe’s units, and several models will open for visitation. One model, seen below, was closed through the later months of 2008 as crews tore away the old facade and installed new windows and balconies, but it has since reopened and is again available to tour.
It should come as no surprise that sales have been “pretty slow” at The Park Monroe over the past six months, according to Hall. About 20 percent of the 156 units built on the tower’s upper floors are still for sale, most being two-bedrooms priced from the $850s to $1.7 million.
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This is the so ugly– far worse than anything Lucien Lagrange could foist upon us. I can’t believe the city let this slide.
Agreed, this building is awful, and in such a prime spot. I consider it Chicago’s black eye.
You guys do realize, don’t you, that the building’s been there for about 40 years?
I was talking about the “renovation.” I had kind of liked the building prior to it.
Well, it was pretty bad before, but now, it’s just a frankenstein of a building. Before there was some slight vertical motion, to combat the obvious horizontal shape, now, any hint of that is gone by cutting the texture in half.
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