Sales update: Shoemaker Lofts in Avondale breaks 75-percent mark

Shoemaker Lofts

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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