It’s not happening quickly, but they’re getting there.
In January 2007, American Invsco project manager Tom Kearns said there were 20 condos left in the Century Tower conversion at 182 W Lake St. The developer has inched six units closer to sellout over the past year, primarily by selling its remaining stock of one-bedrooms. That leaves just a smattering of market-rate homes and affordable-housing studios available in the Loop high-rise.
Seven two- and three-bedroom units are selling from the $190s to the $500s, according to the project’s latest pricing information. As Alison reported way back in the day, the building’s studios (normally priced from the $140s to the $160s) are selling for $133,000 to buyers who earn $52,800 or less per year. Readers back then differed on whether a studio at represented a “deal.” I suppose that depends on whether you think a home next a major ‘L’ junction and the Clark & Lake stop is a good or bad thing.
Deeded parking at Century Tower ranges from $40,000 to $50,000, says sales manager Michael Phocas.