Sales update: 12 condos, One Place

One Place Condominiums at 1 E 8th St in the Loop

Construction is almost finished on One Place Condominiums at 1 E 8th St in the Loop, and the building is nearing closeout as well. Sales manager Dave Auffarth from MyCityHome Group says just 12 of the building’s 96 condos are still available, and he says people are already living in the building.

About a dozen buyers have closed on their homes, according to Auffarth, and the remaining units will be ready to close within 30 to 45 days. First move-ins started in the last week of September.

The available units include two one-bedroom condos priced from the $220s to the $230s, six two-bedroom / two-baths priced from the $290s to the $320s, and four two-bedroom penthouses priced from the $360s to the $450s. Monthly assessments will run from about $325 to $450, and will cover heat, air-conditioning and AT&T Uverse cable TV, Auffarth says.

Auffarth isn’t surprised the building is close to selling out, and says it’s not unusual for a developer to sell 90 percent of the condos in a building by the time they start delivering.

He also expects a few investors to rent out their units, but he says none of those buyers have closed yet.

Regarding the retail space on State Street, Xsport Fitness has claimed the largest space and will have a pool and a three-story climbing wall. Lou Malnati’s Pizzeria and UFood Grill are both expected to open within the next month. Aufforth says several interested parties are interested in the building’s two vacant retail spaces but wouldn’t offer any names.

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