Winthrop Properties rolled out several new incentives at Printers Corner, 170 W Polk St, this winter — lease buyouts, rate buydowns, and free parking, to name a few — but it sounds like what the Printers Row development needed to move units again were some good, old-fashioned price cuts.
Dennis Rodkin of Chicago Magazine reports today that Winthrop cut prices on its 19 remaining units in mid-March, following the much-mentioned condo auction at neighboring Vetro. By cutting prices from an average of $330 per square foot to around $280, the developer was able to sell off all but two of the condos.
According to the Printers Corner Web site, both units are 1,145 square-foot two-bedroom / two-baths on the tower’s northeast corner. One, unit #1208, is listed for $329,000, or $287 a square foot. The unit (seen below) features 10-foot ceiling heights, floor-to-ceiling windows, crown molding, hardwood floors in the living / dining area and kitchen, stainless-steel appliances, granite kitchen countertops, cherry cabinets, in-unit laundry, marble bath finishes, and a north-facing, 5-8″ x 9-2″ balcony.
One parking space, once valued at $40,000, is included at no extra cost.
