Sales update: Park Monroe gearing up for first closings

Park Monroe, 55 E Monroe St, Chicago

After two and a half years of sales and marketing, the first new homes at the Glenstar PropertiesPark Monroe conversion at 55 E Monroe St in the Loop are almost set to close, says sales agent Audra Hall.

Closings should begin by the end of this month, Hall says. By mid-March, she’ll be able to move her sales center up into one of The Park Monroe’s units, and several models will open for visitation. One model, seen below, was closed through the later months of 2008 as crews tore away the old facade and installed new windows and balconies, but it has since reopened and is again available to tour.

It should come as no surprise that sales have been “pretty slow” at The Park Monroe over the past six months, according to Hall. About 20 percent of the 156 units built on the tower’s upper floors are still for sale, most being two-bedrooms priced from the $850s to $1.7 million.

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Park Monroe, 55 E Monroe St, Chicago Park Monroe, 55 E Monroe St, Chicago

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