If it seems like sales and construction at Lexington Park Condominiums are proceeding slowly, it’s because they are. Sales are still at the halfway point on the 35-story high-rise, and construction on the tower, located at the corner of Michigan Avenue and Cermak Road, has reached the 14th floor.
Sales at Lexington Park started in June 2006, says Britta Rivera, vice president of sales for the Chieftain Group, but activity stalled for much of the past year before Chieftain decided to handle sales internally. (@properties previously handled sales, according to old Yo posts.)
Rivera says units are available in all of the building’s layouts including one- and two-bedroom condos and one- and two-bedroom lofts.
Prices start in the $230s for one-bedrooms and top out in the $720s for penthouses. A $10,000 price incentive is currently being offered for all units, and parking for the lofts, which usually costs $34,500, is currently available at half price.
Rivera says that deliveries on the lofts, which are located in an adjoining building on the other side of the parking structure, will begin at the end of the year. Condo deliveries will probably start in February or March of 2009.