Habitat 90% sold at Quadrangle

The Habitat Company has sold more than 90 percent of units at the Quadrangle, a 261-unit lakefront condo conversion at 6700 South Shore Drive, in South Shore.
Value and a great location have fueled the quick sales, according to Marsha Bynum, sales manager for Quadrangle Conversion LLC, an affiliate of the Habitat Company.

“As we head into spring, the prime season for real estate, I expect the last few condominiums to go quickly,” Bynum said. “We’re priced right, and the lakefront location is too good to pass up.”

Remaining condominiums have one bedroom, one bath and 712 to 803 square feet of space. Base prices range from $78,500 to $104,000, a level that appeals to current renters, according to Bynum. The units have been priced for first-time buyers, but the views, Bynum says, are pure luxury.

“From our north view apartments you can see straight down the shoreline to Navy Pier, because of the way it meanders,” Bynum said. “We’re fortunate to be at a point farther out in the lake than most of the shoreline, so our north views almost look like east views because you can see so much lake. The prices are amazing for this kind of a view.”

And the views aren’t going anywhere. To the east of the building is South Shore Drive and the lake; to the north is the Jackson Park golf course, park and boat harbor; and to the southeast is the low-rise South Shore Cultural Center.

The stolid block of a building, at 6700 South Shore Drive, was constructed in 1968 and maintained by the Habitat Company as a rental. Individual units and common areas are being rehabbed as part of the conversion. The units have remodeled kitchens with new appliances, cabinets and counters as well as upgraded bathrooms with new medicine cabinets, lighting and vanities. The condos also have new paint, carpeting and windows.

Improvements to the common areas include an expanded party room, laundry facilities on the penthouse level, a fitness center, a refurbished lobby and a dry cleaner.

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