Sales update: 9 sold at The Parkhomes at Lakeshore East

The Parkhomes at Lakeshore East

Nine of the 24 Parkhomes at Lakeshore East have sold, according to Tricia Van Horn, vice president of marketing for Magellan Development Group. Prices range from $1.7 to $2.5 million, and first deliveries are planned for late next year, she says.

Magellan’s $4-billion mixed-use Lakeshore East development is underway at the nexus of Lake Michigan and the southern bank of the Chicago River. The Parkhomes, three-story townhouses that front a six-acre park, lend a human scale to Lakeshore East’s forest of glassy high-rises.

Several of these are selling well: the 304-unit The Chandler and the 344-unit 340 on the Park are both 98 percent sold, and Aqua, the 82-story tower designed by Jeanne Gang, is “91 percent reserved,” according to a statement from Magellan.

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