Van Buren Lofts, Formerly VB1224, Stays Condo and Bucks Rental Trend as It Starts Sales for West Loop Condos in Chicago

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Van Buren Lofts, formerly VB1224, is bucking the rental trend and has kicked off sales of its new-construction Chicago condos with grand opening prices starting as low as $189,900.

Compared to other new-construction or rehabbed condos in the area, Van Buren Lofts is by far the best value with prices that are unbelievably below current market rates

Van Buren Lofts, formerly VB1224, has kicked off sales of its new-construction West Loop condos with grand opening prices starting as low as $189,900.

Located at 1224 West Van Buren St., the eight-story brick and concrete building was originally home to a paper mill, then occupied by the True Value Corporation before being converted into the loft development VB1224 in 2007. Now owned by Hinsdale-based Foxford City LLC, the building not only has a new name and sales and marketing team, but also new pricing, which in some cases is almost $95,000 less than original pricing.

“Compared to other new-construction or rehabbed condos in the area, Van Buren Lofts is by far the best value with prices that are unbelievably below current market rates,” said Christine Lutz, senior vice president of Garrison Partners, which is overseeing sales and marketing for the building.

“There was already a lot to like about this building, such as its guaranteed city views due to its great location, but now that all of the units have been completed with high-end finishes and the new pricing and FHA financing are in place, the building is ready to make its debut as Van Buren Lofts,” Lutz continued. “And judging from our interest list, people are already sensing a new energy about the building and are excited about the buying opportunity.”

According to Lutz, the building’s new ownership is completing construction on all lofts and has fully capitalized the homeowner’s association fund and made design improvements throughout the building. “The building is stable, and current residents are happy with the changes and expressed commitment to the property,” she added.

Buyers can choose from a variety of one-bedroom-plus-den and two-bedroom floor plans with one to two baths, private balconies, a washer and dryer, and kitchens with custom 42-inch cabinetry, Quartz countertops and Bosch stainless steel appliances, including a microwave, refrigerator and dishwasher.

To honor the building’s true loft style, each residence features 10- to 12-foot concrete ceilings, exposed ductwork and concrete columns, and four-inch wide wood floor planks in the living and dining areas.

One-bedroom-plus-den lofts range from 900 to 1,106 square feet and are priced from $189,900, while two-bedroom lofts range from 1,043 to 1,360 square feet and are priced from $229,900. Attached garage parking is available. A doorman will also be on duty to announce guests and receive packages.

The building offers a number of neighborhood conveniences, noted Cindy Killinger, senior sales manager for the project. Its location offers immediate access to Interstate 290 and the Racine blue line stop, as well as the West Loop’s best restaurants, nightlife, boutiques, parks, spas and salons. The building is also in proximity to Rush University Medical Center, UIC and St. Ignatius College Prep high school.

According to Killinger, a limited release of the building’s West Loop condos will be available with special pricing for immediate move-in.

For more information on the building, or to take a tour of a decorated model, contact the sales center at (312) 685-8805 or visit http://www.VanBurenLofts.com. The sales center is located in the building at 1224 West Van Buren St. in Loft 803. Open house hours are Monday and Wednesday 11 a.m. to 6 p.m. and Saturday and Sunday from 12 to 5 p.m., or by appointment.

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