“Huge price cuts,” you say? Tell me more, you new yellow banners conveniently facing north toward the competition at Silver Tower.
Wait, they can’t, because the 757 Orleans @ Chicago sales office isn’t open on Wednesdays. You tease, banners, you tease! The very few condos listed at 757 Orleans, the 198-unit tower at 757 N Orleans St in River North, don’t reveal much either — they either haven’t changed price at all since going on the market, haven’t gone down since the turn of the new year, or in one case actually went up in recent months.
The Tribune’s Cook County database has records for 63 sales at 757 Orleans dating back to November 2008, at prices from the $190s to $750s. The median sale in the building was an 1,181 square-foot one-bedroom / 1.5-bath that closed for $405,000 in December ’08.
I would think the Condo Board would not allow signs to be hung from the balconies. I know I got threatened with a fine for hanging a Chicago Bears flag.
Papu,
The developer typically retains signage rights until the last unit is sold.
When are they going to release new sales prices? I’m assuming they are going to have to make their prices similar to those of the Silver Tower which is right down the street. Joe, do you recommend one building over the other because I have both buildings under consideration as I plan my purchase?
Mike,
Too personal a choice, Mike, and I don’t know either building well enough to make that kind of a recommendation. Not that I’d make a recommendtion even if I did.
I’m not a real estate expert, but I looked at both too. I went with ST in late Nov. I have an 07 unit, got a good price,and financing packgage Love it.
but I do agree with Joe on his earlier comments. If you have any specific questions let me know.
To ST Owner :
Please contact me at my e-mail address.. I do have specific questions about ST. Thanks.
ST Interested
what’s your email?
ST Owner
My e-mail address is mtplunkett (at) hotmail (dot) com.
Thank you.
ST Interested
ST Owner
Please email with your thoughts and why you chose the silver. My email is MikeMak27@yahoo.com
Jameson Real Estate took over the marketing and sales for Silver Tower on March 20, 2010. Since taking over the marketing efforts, Jameson has procured 48 sales contracts, and the building is currently 54% sold. Closings begin on June 1, 2010.
There are huge price reductions in place, up to 33% of original pricing, special financing available through MB Financial and the project is FHA and Fannie Mae approved.
With as low as 5% down, there is no PMI on any of the MB loan products and 30 year fixed rate is as low as 3.875%.
You can visit us online at http://www.jameson.com/silvertower or at the sales center located at 303 W. Ohio #3006.
Open House Hours:
Tuesday 12-2
Thursday 3-6
Saturday/Sunday 12-4
or By Appointment
Lindsey Delrahim | Ami Bumia
Jameson Real Estate
C: 312.371.3652 | C: 773.425.5877
ldelrahim@jameson.com | abumia@jameson.com