During our chat about Joffrey Tower earlier this week, Diana Luo mentioned that Smithfield Properties would start closing units at its other new tower, SoNo, starting the first week of November.
SoNo’s sales staff will move into a new sales center inside the high-rise, located at 860 W Blackhawk St on the Near North Side, on Oct. 24. Models will open up for visitation shortly thereafter, she says.
If our earlier reports are any indication, the percentage of homes under contract at SoNo has dropped steadily over the course of the year, from 65 percent in March to 60 percent in June to around 55 percent today. Prices on the low end haven’t changed: One-bedroom condos still start in the $290s. On the other end of the spectrum, prices appear to have inched upward slightly – the three-bedroom “lofts” on the tower’s third through sixth floors top out in the $590s instead of the $570s that we’ve reported through most of the year.
Luo would not confirm the rumors that Smithfield has scrapped plans for SoNo’s twin tower to the east, saying only that the company had not make a decision about the project’s future phases.
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