I was out of pocket for a couple weeks in July, which means that I completely missed out on @properties‘ move into 757 Orleans @ Chicago, a 22-story high-rise that I see every time I get up from my desk. @properties agents have 25 listings in the building today, but the company hasn’t taken over as the tower’s exclusive broker — its long-time sales manager, Dana Berke, still has 20 listings of her own, and adjusted the prices of those units in late July to run right in line with @properties’.
Price points in the building are now:
- $180s to $230s for studios with 644 to 792 square feet
- $220s to $290s for one-bedroom / one-baths with 792 to 983 square feet
- $310s to $350s for one-bedroom / 1.5-baths with 1,070 to 1,181 square feet
- $350s to $480s for two-bedroom / two-baths with 1,171 to 1,325 square feet
There’s also one 983 square-foot one-bedroom marketed by Morton Grove-based RE/MAX Masters for $239,900. A similar unit is listed for rent for $1,800 a month.
757 Orleans represents the third slow-moving condo development in the downtown area that @properties has started marketing this summer, having already set up shop at Parkside of Old Town and Mondial. Cook County has recorded just 73 sales in the 198-unit building since closings began in November 2008 — are the prices above good enough to get things moving?