With the release of Appraisal Research Counselors‘ latest report on the downtown condo market and some renewed conversation on here about Piedmont Group‘s Glashaus, I started wondering just how many of the city’s high-rise projects were stuck in that limbo between the launch of sales and actual construction.
The answer? At least 14, maybe more. It’s not an exact science – for example, a lot of dirt has moved around at the Glashaus site (their sales agents have called it “foundation work”) but I still can’t see any structural elements in place. On the other hand, something’s happening (or has happened, at least) at the Chicago Spire site, so I left it off the list. Likewise, there have been conflicting reports about the fate of Waterview Tower for the past few months, but the parking deck is in place, so until I hear otherwise, I’m assuming it’s going to go up in one fashion or another.
Anyway, here are the 14 towers we’re still waiting on, in case you’re looking for a home down the road and don’t mind waiting a couple more years for deliveries. Some, like the Mandarin Oriental Tower, have dangled on the lip of the dust bin all year long. Others may have a better shot of going up if their developers decide to ride things out.
Which are your faves (and least favorites)? Which have we missed? Tell us below, or better yet, post a review on NewHomeNotebook.com.
Loop:
- Mandarin Oriental Tower, 215 N Stetson Ave: 514 homes from the $550s to $21 million (Rate and review)
Streeterville:
- The Peshtigo, 515 N Peshtigo Ct: 357 homes from the $480s to $2.7 million (Rate and review)
- The St Clair at Cityfront Plaza, 240 E Illinois St: 253 homes from the $380s to $4 million (Rate and review)
River North:
- 9 West Erie, 9 W Erie St: 60 homes from the $280s to the $600s (Rate and review)
- The Huron, 8 E Huron St: 47 homes from $1 million to $5 million (Rate and review)
West Loop:
- Catalyst, 123 N Desplaines St: 212 homes from the $230s to the $850s (Rate and review)
South Loop:
- Eco18, 1818 S Wabash Ave: 93 homes from the $240s to the $640s (Rate and review)
- Glashaus, 1327 S Wabash Ave: 262 homes from the $230s to $1.2 million (Rate and review)
- Park 1000, 1000 S Michigan Ave: 346 homes from the $440s to $4 million (Rate and review)
- X/O Condominiums, 1712 S Prairie Ave: 488 homes from the $290s to $2.1 million (Rate and review)
Lincoln Park:
- Lincoln Park 2520, 2520 N Lakeview Ave: 312 homes from the $500s to $13 million (Rate and review)
Lakeview East:
- The Winchester, 3177 N Hudson Ave: 48 homes from the $380s to $1.9 million (Rate and review)
Edgewater:
- Bluewater 5440, 5440 N Sheridan Rd: 187 homes from the $160s to $1.3 million (Rate and review)
Hyde Park:
- Solstice on the Park, 5526 S Cornell Ave: 145 homes from the $500s to $2.3 million (Rate and review)
Edit: Thanks, Bob.
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