You’d think there’d be little interest in continuing to market a high-rise that doesn’t exist, and in most cases, there isn’t. The sales centers and listings for unbuilt high-rise projects have all but disappeared. Antheus Capital and @properties are willing to ride things out in Hyde Park, though.
@properties is still listing units at Solstice on the Park, a Studio Gang-designed high-rise proposed for the northwest corner of 56th Street and Cornell Avenue, across the street from the Museum of Science and Industry. The oldest listing is 166 days old, and five date back no further than last month, so it’s not as if someone just forgot to take them down. The most recent entries say the tower will be built in 2012.
The eight listings include two- and three-bedroom condos with 1,553 to 4,225 square feet, priced anywhere from the $480s to $2.5 million, or an average price per square foot of $407. Every listing mentions features like floor-to-ceiling windows, large terraces, high-end appliances, Ernestomeda cabinetry, marble and granite finishes, and white oak floors. Among the building’s proposed amenities are a pool, a fitness center, a sun deck, and a library / conference room.
A major element of the pitch for Solstice (aside from the green angle) focused on the differences between downtown and Hyde Park — in other words, that the issues that kept several South Loop high-rises from breaking ground didn’t necessarily apply to a desirable residential neighborhood with few new towers. The same was said of Lincoln Park 2520‘s location, and sure enough, that building is finally moving ahead. And while having a starchitect in your corner doesn’t guarantee success, it certainly doesn’t hurt your marketing effort to see Jeanne Gang pulling in award after award for her last big building.