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Terrazio

ChicagoDowntown / Loop

Terrazio apartments, 1935 S Wabash Ave, South Loop

Aerial Terrazio

Terrazio is a 7-story, 180-unit courtyard building with ground-level retail space in the South Loop. Sedgwick Properties was the developer. The building was built as a condominium and completed in 2010. Despite reportedly strong pre-sales, only a half-dozen units closed. Terrazio went into foreclosure and was converted to rental apartments. The apartments Terrazio has 5 ...

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Posted by Joe Zekas on December 3, 2013
ChicagoDowntown / Loop

This week’s South Loop apartment availability changes

South Loop aerial

If you’ve been closely following our weekly report on what’s actually available for rent in the South Loop you’ll notice some significant changes this week. Two buildings are offering 1-bedroom units at more than $200 below the previous week’s lowest rents, and two other buildings have 2-bedrooms at more than $600 below last week’s highest ...

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Posted by Joe Zekas on December 20, 2012
ChicagoDowntown / Loop

Terrazio ramps up leasing effort

Terrazio, Chicago

I’ve heard from two readers in the past day about a new “Now Leasing” banner hanging outside Terrazio, 1935 S Wabash Ave in the South Loop. One even snapped a pic on his phone for all to see. We’ve known about a leasing program at Terrazio since last summer, but this seems to mark a ...

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Posted by Joseph Askins on January 18, 2011
ChicagoDowntown / Loop

Buy from Jameson, rent through Koenig: Terrazio triggers déjà vu in the South Loop

Thumbnail image for Buy from Jameson, rent through Koenig: Terrazio triggers déjà vu in the South Loop

So Sedgwick Properties builds some condos in the South Loop, taps Jameson to sell the homes, and eventually, after activity slows to a crawl, Koenig & Strey steps in to market several homes concurrently as rental units. Sound familiar? It might, if you kept up with Sedgwick’s Marquee high-rise over the past year or two. ...

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Posted by Joseph Askins on August 26, 2010
ChicagoDowntown / Loop

Quote of the day: What's the holdup?

From Appraisal Research Counselors‘ 4Q 2009 Downtown Chicago Residential Benchmark Report: Nearly every building which has been recently constructed has already started condo sale closings, thus limiting the opportunities for changing exit strategies. All of the buildings which were completed in 2009 or are being completed in 2010 have started closings except Mondial, Lexington Park-tower ...

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Posted by Joseph Askins on February 24, 2010
ChicagoDowntown / Loop

Making the pitch for Terrazio

The Terrazio condos at 1935 S Wabash Ave will be ready for delivery late this year or early next year, putting them well behind the market in the eyes of some onlookers. I asked Mike Hulett of Jameson Real Estate how sales are holding up, what his expectations are as closing notices start to go ...

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Posted by Joseph Askins on November 19, 2009
ChicagoDowntown / Loop

Touring Terrazio in the South Loop

Sedgwick Properties‘ Terrazio, 1935 S Wabash Ave, had almost fallen off my radar until a couple weeks ago, when I received word of a grand opening party Jameson Real Estate was throwing at the mid-rise. I wasn’t able to make that event, but I did meet up with Jameson agent Mike Hulett a few days ...

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Posted by Joseph Askins on November 17, 2009