There was a time, not so long ago, when the only developments you could find in the West Loop were lofts. Today, the tables have turned: Mid-rise condo buildings are going up everywhere, and loft conversions like 123 North Sangamon are the exception.
“The building itself is one of the few that is being rehabbed,” says Michele Shear of @properties, which is marketing the project. “For the most part, it’s all new construction, from the ground-up [in the West Loop]. This one…has a lot character and it’s unique.”
And unique tends to help sales. About 70 percent of the units at 123 North Sangamon have been sold, according to Shear.
W Developments, LLC is gutting the building to make way for 46 one- and two-bedroom loft condos and expects deliveries in November.
Shear says the project offers high ceilings and quiet units. The building was home to a printer, and concrete floors built to hold presses tend to have some heft – and require plenty of space. All of the units have ceiling heights of at least 12 feet.
The condos have 625 to 1,700 square feet, and prices range from the low $200s to the mid-$600s. Garage parking costs $30,000 per spot.