During a recent pass through Bridgeport, I came across Mega Development‘s Bridgeport Condominiums, a large 67-unit development prominently located at the corner of 35th and Halsted streets. It sticks out, like a little slice of Lake View in the middle of the South Side.
Camilla Protto says that about 30 percent of the condos in the building are sold, which is considerably less than the 50 percent of sales we had reported in March 2007.
“Permits were delayed, and many buyers couldn’t wait. It’s very common in this area,” she says.
Six one-bedroom and about 30 two-bedroom condos are still available in floor plans that range from 767 to 1351 square feet, according to Protto. Prices run from the $190s to the $330s, and garage parking is offered for an extra $25,000. Protto says that retail tenants currently include a bank, a chiropractor, and a Buffalo Wings & Rings restaurant that will open soon.
Is it just me, or are these units a bit overpriced? I took a look at them when the sales center opened up. 2 bdrs. starting at 260K & up, parking not included… the finishes were definitely not up to par with what I’ve seen at other developments in this area. Not to mention all the units are built out so no room for upgrades. I would be interested to see the price/sq. ft. comps on the market units in this development. Nice building on the outside, though- much better than the usual ugly brick fortresses they are starting to build around Bridgeport.
They don’t look too overpriced vs. the competition (3505 S Morgan & 974 W 35th Pl). Generally newer developments do have a premium for being new but all these are priced similarly.
I’d be interested in whether the 2nd floor units have access to those nice terraces. Doesn’t show them different on the floorplans but from the look of the building it appears so.