A few weeks ago, we learned that this residential building at 1610 W Fullerton Ave in Lincoln Park, formerly known as the Ashton Lofts, was on the market again under the management of Bank of America. The project is now known as Lincoln Park Lofts, and Jameson Real Estate is handling sales for the 24 unsold homes.
Earlier this month, Jameson agent Lindsey Delrahim told Joe that most of the homes would be ready for immediate delivery, so I drove by the last week to see how the building was looking.
It’s been about two years since construction workers left the scene, but from the looks of some of the weathering that can be seen on the exterior, it looks as though it has been sitting there for much longer. At the entrance to the garage, some unpainted plywood is exposed to the elements, and some metal and black coating remains where it was torn off. An old Baird & Warner Ashton Lofts banner still hangs on the top floor, hiding some of the cinder blocks, which have seen better days.
The condos are being sold at prices that are 30 percent below market rates, according to the development page on the Jameson Web site, but it looks like there’s work to be done before these remaining homes will sell.
NewHomeNotebook:
• Rate and review Lincoln Park Lofts
If I were a prospective buyer, I would bring a darn good inspector with me and maybe a structural engineer!
Stokes,
Details, please. Can’t just leave it like that without more details.
If I thought a structural engineer was needed I’d be notifying the City. Is it at that level?
Any prudent consumer would look at that building and do the same with the inspections. Better safe than sorry.
We can all agree this will be an eyesore for many, many years to come at an already congested intersection.Unless B of A comes up with some cash to overhaul the facade.
I had a client look at this building last spring… At the price, he really liked the two bedroom units. I argued against the location without even getting into the fact I thought this was an ugly building having developerfinancial issues at the time. He bought a better location on Halsted for a little more money.
These places can promote the sweet view of the BP, and the insane amount of “white noise” from the nearby 4+6 intersection.
Their are no structural issues with the building. The exposed plywood is due to an accident that occurred when a tenant thought he could fit his uhaul underneath this space and proceeded to rip part of the soffit off. At the time, the developer was going bankrupt and not able to repair the damage.
The exposed concrete block on the building parapet has simply not been finished.
Scaffolding has gone up this week to repair the plywood soffit problem. B of A has completed some other repairs as well.
The building is generally sound but has been stuck in legal limbo and subsequently neglected. We look for this to change soon. As far as the people who don’t like the way it looks, there are plenty of other options out there. I bought here because I like the design.
I also live in this building and the repairs/improvement B and A have made are wonderful. The building is finally looking like a completed building and the unsold units are being finished.
The great advantage of this building is the layout of the units and the concrete between the floors. The layout of each unit makes logical sense as opposed to many other condos in Chicago. As for the concrete between the floors, it mitigates the noise.
[…] loses the remaining units in foreclosure. Worst case: you need only drive by the Lincoln Park Lofts, formerly The Ashton Lofts located at the corner of Ashland, Fullerton and Clybourn. Two poor […]
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