In late March, Karen Biazar told me that she and the developer of The Silver District hoped to “hit a home run” by offering a massive incentive package in the first weeks after the building hit the market. However, by my count, Biazar has hit a three-run shot along with a couple of grand slams, because in the eight weeks since the grand opening 11 of the 20 condos in the development have gone under contract.
North Clybourn Group agent Staci Slattery emailed an updated price sheet this morning, which shows that the entire northeast-facing 01 tier, which looks out on North Avenue and Humboldt Park, has been sold out, and there are only two available corner units in the 02 tier, which look out on the intersection of North and California avenues.
The price range for the remaining two-bedroom / two-baths has tightened a bit in the past month also. The least expensive home is third-floor unit with northwestern exposure priced on the $300s, and the most expensive available home is a sixth-floor corner unit in the 02 tier with southeastern exposure.
The incentive package was originally supposed to expire on April 11, but Slattery says it will be extended until Monday, May 11, “after which point we will re-examine before deciding to extend further.” Under the incentive, homes are delivered fully furnished, and buyers receive one year of free assessments, an audio / video home technology package valued at $5,000, a 1-percent closing cost credit.
