Earlier this year, two South Loop developments — The Lofts at Roosevelt Collection and the Lexington Park Condominiums — were telling us that they’d have units closed and models open sometime in May. May came and went, as did June and July, and August will be over before we know it.
It took a while, but we finally got an explanation for Roosevelt Collection’s delays. But what about Lexington Park (at right, as it looked back in March)? The Chieftain Group‘s new 35-story high-rise at 2138 S Indiana Ave certainly appears to be far enough along to handle occupants, and its Web site still touts tower deliveries in “early 2009,” but to date not a single tower condo has closed. (For comparison, look at Silver Tower, where approximately 20 homes have closed despite significant work still underway inside and out.)
The reason, says sales manager Britta Rivera, is that Lexington Park is still waiting on the city to deliver certificates of occupancy. Many of the 300-plus units are finished, as are the common areas, and the designer hired to put together the building’s model is itching to break the staging furniture out of storage, she says.
Although she isn’t certain when the certificates will arrive, Rivera is hopeful that they will show up in time to start closing homes by the end of the month.
Lexington Park’s site advertises one-bedrooms starting in the low $200s and two-bedrooms starting in the low $300s. Only one unit, a 656 square-foot one-bedroom, surfaces in an MLS search at a price of $209,000.