Remaining stock at 235 Van Buren averages $365 per square foot

235 Van Buren

Talk about a sharp rendering: This view of the Loop, looking north, shows how 235 Van Buren will fit into the existing skyline.

At Appraisal Research Counselors’ luncheon last week, Gail Lissner pointed to 235 Van Buren as the absorption winner for 2007. Part of the building’s initial appeal was pricing; the building went to market averaging just $325 per square foot, she said, which was reasonable for a Loop residence.

CMK Realty‘s Heather Gustafson provided me with an updated pricing list last Friday; several one-bedroom formats are completely sold out, and the remaining units average about $365 per square foot.

There’s a studio unit available from $199,900, but the rest of the homes start in the $230s for a one-bedroom unit (no balcony) and range up to the $550s for a two-bed corner residence totaling 1,446 square feet.

That unit (the largest still available, according to the data CMK provided) breaks down to about $384 per square feet. Parking starts at $31,000.

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