That’s one way to reduce excess supply in the market.
We’ve heard for months now that the developers of The Elysian, 11 E Walton St, were trying to drop the project’s hotel-condo plan. According to Crain’s, they’ve finally done just that.
Closings are set to begin on The Elysian’s 52 residential condos next week, according to the article. Only eight remain for sale at prices ranging from $4 million to $8.2 million.