CMK Companies‘ Loop high-rise 235 Van Buren is now delivering up to the 39th floor, says CMK Realty Managing Broker Scott Hoskins. By continuing to finish one floor per week, the building at 235 W Van Buren St will be complete by the end of the year.
Sales were good in September but are even better in October, Hoskins says. The number of contracts drawn up in the first couple weeks of this month is already equal to all of the contracts the building saw last month. The buyers are predominantly first-timers doing their best to close their transactions by the first-time buyer tax credit deadline on November 30th. The largest minority of buyers are people upgrading from their first home, he says.
The building is currently waiting on confirmation of FHA approval. In the meantime, conventional loans for owner-occupied units are available with 5 percent down-payments. Fourteen furnished models are available for showing daily.