Real estate news & trends
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Prairie Pointe
Asking prices on resale units at Prairie Pointe, 1600 S Prairie Ave in the South Loop, range from under $200 to nearly $400 per square foot. The low end of the per square foot price range is close to the average price at which 13 units in the building sold at auction in March of ...
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Posted by Joe Zekas on February 19, 2013
Does your high-rise have a VIP section? From a Sloopin reader: Have you noticed the PH floor of 1600 Prairie lately? According to other owners in the building, an owner of a popular downtown Chicago club purchased all of the units on the PH floor and combined all of the units (3-4) into a sort-of ...
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Posted by Joseph Askins on September 8, 2010
As promised, I’ve put together a spreadsheet outlining every sale from Sunday’s auction of (most of) Prairie Pointe‘s last 13 condos. Scroll down to the bottom of the post to see the numbers for each sale. Keep in mind that the final prices listed below don’t include the $30,000 parking spaces that each buyer purchased ...
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Posted by Joseph Askins on March 15, 2010
I just got home from the Hilton Chicago, site of this afternoon’s auction of 13 Prairie Pointe condos. I’ll have a full spreadsheet of data to share tomorrow, but here are some of my early observations: – Nine of the 13 homes sold at auction, and a tenth sold on a first-come, first-served basis at ...
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Posted by Joseph Askins on March 14, 2010
Yesterday I trucked down to Prairie Pointe, 1600 S Prairie Ave, for one of Inland Real Estate‘s pre-auction open houses. On Sunday, March 14, Inland will auction off the last 13 units in Gammonley Group’s 25-story high-rise. All but one of those homes has a minimum bid set from the $180s to $290s; a raw ...
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Posted by Joseph Askins on March 11, 2010
The announcement of Inland Real Estate‘s March 14 auction of 13 Prairie Pointe condominiums was a good teaser, but it left out some key details, such as the units’ sizes, layouts, and minimum bid prices. For that info, I called up Ira Becker, a senior consultant at Inland, and asked him to fill in some ...
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Posted by Joseph Askins on February 15, 2010
Did we really make it through January without a single South Loop condo auction? Holy moley, it’s time to play catch-up! The last 13 condos at Gammonley Group‘s Prairie Pointe tower will hit the auction block on March 14 at the Chicago Hilton, with bids starting as low as $189,000, according to Inland Real Estate ...
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Posted by Joseph Askins on February 5, 2010
I was putting together a short post about resales at the long-since-sold-out Prairie Pointe in the South Loop when — whoops! — I remembered that the tower wasn’t sold out at all. That adds a whole new wrinkle to the story, huh? The Gammonley Group is sitting on at least eight condos in the 156-unit ...
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Posted by Joseph Askins on October 27, 2009
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