Putting Chess Lofts back in play

Chess Lofts, 530 E 21st St, Chicago

Weichert, Realtors – Frankel & Giles appears to have launched a new marketing campaign for Chess Lofts, the adapted Chess Records studio and warehouse at 320 E 21st St in the South Loop.

Chess Lofts has been a real hot potato among brokers lately — Garrison Partners, Wabash Properties, and Real Living Helios have all had their fingers in the Chess pie at one point or another, according to old Yo posts. (The last time we wrote anything about the project was in late ’08, when Helios was marketing dozens of the lofts as rentals on Craigslist.) Given Frankel & Giles’ current work on another Provence Development project in the South Loop — the new Astoria Tower high-rise at 8 E 9th St — and given the company’s experience in the South Loop market, it’s not too surprising that Chess is now part of its sales portfolio.

According to a new press release, the 48 one- and two-bedroom concrete lofts still for sale start in the mid-$190s, down from an original starting price of almost $240,000. Three models are open for viewing, and 12 units are ready for immediate occupancy. Garage parking is available for $35,000.

The homes feature hardwood floors in the foyers, living / dining areas, kitchens, hallways, and closets; stainless-steel appliances; granite countertops and backsplashes; 42-inch maple cabinets; baths with marble and ceramic finishes; and washer / dryer hookups.

Amenities at Chess Lofts include a fitness center, bicycle storage, and a rooftop deck and dog run.

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