I still want to take a full-blown tour of Michigan Avenue Tower II, but it’s hard to do so when its sales staff still hasn’t received the proper furnishings for its models. For the time being, I’m forced to look at the South Loop high-rise from afar, as I did from the top floor of the neighboring 1400 Museum Park yesterday afternoon.
Most of the 269 homes in Frankel & Giles‘ 28-story tower at 1400 S Michigan Ave have closed or are under contract, but several units, ranging from 580 square-foot studios up to 1,260 square-foot two-bedrooms with dens, were still for sale from the $210s to the $520s last month.
Frankel & Giles seems open to renting out units, as it has ane 750 square-foot one-bedroom listed for rent at $1,600 a month. It’s not alone, either: 14 other rentals are listed from $1,250 to $2,600 per month.
Monthly assessments on the for-sale units range from $214 to $522 and cover costs for utilities and amenities like a fitness center, outdoor pool and sundeck, and 24-hour door staff. Parking spaces are available from $37,500 to $65,000.
EDIT: As the comments below suggest, Frankel & Giles is just the exclusive marketer for Michigan Avenue Tower II. The title of “developer” belongs to Russland Capital Group.
NewHomeNotebook:
• Rate and review Michigan Avenue Tower II
• View our list of South Loop high-rises
• View our list of high-rises with swimming pools