Lexington Park Condominiums will stay empty through the beginning of the new year, as owner ST Residential comes to a decision on whether to market the South Loop high-rise’ units as rentals or condominiums.
Peter Marino of ST Residential tells the Chicago Journal that his company is “still at the information gathering stage determining what the next steps are for this property,” and that a decision will be reached “by February or March.”
Another long-empty tower, 1555 Wabash, is now renting out units, the Journal reports. Developer New West Realty is in the process of turning the tower over to a new company. (Poor New West doesn’t even have a website right now — at the time I’m writing this, its URL has been suspended.)