Strolling down East Huron Street yesterday afternoon, I came across these two signs of a bygone time: advertisements for The Pinnacle, Fordham Company‘s 48-story high-rise at 21 W Huron St in River North. The Lucien Lagrange-designed tower was one of the area’s more expensive luxury condo buildings before projects like The Elysian, 10 East Delaware, Ritz-Carlton Residences, and the Trump Tower hit the scene.
We haven’t heard a peep from The Pinnacle on Yo in more than two years, so why are these signs still around?
According to Coldwell Banker agent Chezi Rafaeli, who says he sold between 30 and 35 homes in the building over the years, The Pinnacle sold out at least a year ago. Although the building sold out long ago, the development’s Web site is still active, and it has some pretty nice panoramic shots of the view from the building’s upper floors (seen below).
Rafaeli still has six resale listings, most of which are homes that a corporation used to house employees for periods of time. Two of them – units 1505 and 3303 – have never been occupied. Prices for the one- to three-bedroom condos range from the $690s to $1.99 million, at an average price of $530 per square foot.
