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After more than two years of marketing, Shoemaker Lofts (a redevelopment of the old Florsheim Shoe factory on the Northwest Side at 3963 W Belmont Ave) has surpassed the 75-percent-sold threshold. A sales agent with developer Dubin Residential reported today that the property has 39 units available out of the initial 175.
The price points have been adjusted since Yo checked in last November; the most recent figures show one-bedroom units starting in the $180s, and two-bedroom units topping out near the $490s.
A successful incentive program rolled out late last year has been extended as well. Buyers who close on 10 selected units before the end of the first quarter of 2008 can expect discounts from $15,000 to $33,000 on their homes, according to a sales agent.
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Am I missing something here? I realize that has decent access to the expressway, but given the price per square foot and relative appeal of various neighborhoods it seems to me that part of Lakeview, Uptown, and Wicker/Bucktown offer more bang for the buck.
Do those prices even include parking?
I know someone who bought a new construction 1600 square foot condo for about $450,000 in Bucktown recently. Including a garage parking spot. Top quality finishes and the building was all brick and seemed to be well constructed. Tomacor inspections only found a few minor issues.
I know new “lofts” are hard to find yet………
Proximity to the expressway, the Blue line, Milwaukee Ave (Kozy’s is even opening a new megastore right there), moderate density & less chains and more mom and pop shops – the Polish corridor/Jackowo has an amazingly well-preserved “Old World” feel to it.
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