Lexington Park, Roosevelt Collection to open models, start closings by late spring

Lexington Park Condominiums, 2138 S Indiana Ave, ChicagoSales consultants at two new South Loop developments — Chieftain Group‘s Lexington Park Condominiums high-rise (at right) and Centrum PropertiesLofts at Roosevelt Collection (at bottom) — say their projects should be far enough along by May to open models and begin closing units.

Britta Rivera of Chieftain said last week that the Lexington Park tower, located at 2138 S Indiana Ave, should be ready for occupancy by the second week of May. One- and two-bedrooms in the tower have 656 to 1,346 square feet and are priced from the $230s to the $410s.

The development’s 36 soft lofts, 25 of which are still for sale, are already finished and ready for delivery. Those units one- and two-bedrooms have 1,068 to 1,645 square feet and are priced from the $480s to the $720s.

Meanwhile, the Lofts at Roosevelt Collection, 150 W Roosevelt Rd, should have a model finished by May, but closings may not start until sometime in June, says sales consultant Jeremy Forman. Construction has shifted from the exterior of the collection’s two mid-rises to interiors and to the development’s central plaza and park. The new intersection of Roosevelt Road and Wells Street should open in May or June, Forman says. (I’ll get some photos of its progress the next time I cab it down to the South Loop. A good parking space is hard to find around this development.)

Roosevelt Collection is still about 56 percent sold, and prices are holding steady at low $300s to the $650s for one- and two-bedrooms with 759 to 1,497 square feet.

The one thing on which Forman wouldn’t speculate is when Roosevelt Collection’s first stores and restaurants would open for business. Plans call for 50 retail spaces comprising more than than 400,000 square feet of commercial space. A movie theater is set to anchor that space, but I don’t recall seeing any new announcements for other tenants lately.

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Lofts at Roosevelt Collection, 150 W Roosevelt Rd, Chicago

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