This is the best value to come along in some time
Chicago, IL (Vocus) October 8, 2010
Sales are underway for the West Loop condominiums at 770 Lofts, a new loft development offering some of the lowest prices on new-construction in downtown Chicago.
Located at 770 W. Gladys St., a half block south of Jackson and a half block east of Halsted, 770 Lofts features five stories of adaptive reuse Chicago lofts topped by two stories of new construction. A total of 47 West Loop condominiums are for sale, offering one to three bedrooms, 1 to 2.5 baths, and 740 to 1,816 square feet.
Prices start in the $170,000s for one-bedroom, one-bath plans; the $220,000s for homes with one bedroom plus a den and one bath; and the $270,000s for two-bedroom, two-bath plans. Three-bedroom, 2.5-bath penthouses with more than 1,800 square feet are priced from $474,900. Parking is offered at $10,000. Financing is available with 3.5 percent down, and homes are ready for immediate delivery.
“This is the best value to come along in some time,” said Michael Golden, co-founder of @properties, the exclusive brokerage firm for the development. “These homes are being offered at prices we haven’t seen on West Loop condominiums in years, and these are not stripped down units. The finishes are very current, and the building is a total rehab inside and out.”
Homes at 770 Lofts feature hardwood flooring in living areas, oversized 8-foot-high solid core interior doors, washer/dryer hook-ups, track lighting and a private balcony or terrace with city views. New kitchens include 1.25-inch granite or quartz countertops, stainless steel appliances and 42-inch European-style cabinets. Master baths feature raised-height vanities with under-mount sinks, and granite, marble or quartz countertops per plan.
The existing structure features authentic Chicago lofts with exposed brick walls and heavy timber beams, and all units feature exposed ductwork and high ceilings ranging from 9 feet 6 inches to 15 feet. The building also has a new lobby and corridors and a fitness center with cardio equipment.
The West Loop condominiums at 770 Lofts are located in the heart of Greek Town, across from the new National Hellenic Museum, opening late next year. The restaurants and bars of Greek Town, Randolph Street and Fulton Market are all within walking distance. The building also provides easy access to the Loop, UIC campus, Rush University Medical Center, the Illinois Medical District and Chicago-Kent College of Law. Transportation is also convenient with Union Station, Ogilvie Transportation Center and the Halsted stop on the CTA Blue Line located nearby. Interstates 90/94 and 290 are accessible within seconds.
“This has always been a vibrant area, and it’s becoming more so. The Hellenic Museum will be an attractive addition to the neighborhood, and the residents of 770 Lofts will benefit from streetscape improvements and other infrastructure projects planned in conjunction with the museum,” said Thaddeus Wong, co-founder of @properties.
Two decorated models for 770 Lofts are located on site. Sales center hours are Saturday and Sunday from noon to 5 pm and by appointment. For more information 770 Lofts’ West Loop condominiums, visit http://www.770lofts.com or call 312-345-0770.
About The 770 Lofts Team
The 770 Lofts team is led by principals of MCZ Development, LLC. MCZ (http://www.mczdevelopment.com) is the pioneering developer behind more than a dozen large-scale loft conversions in Chicago, as well as thousands of new-construction and condominium conversion units throughout the U.S. With strong financial backing and a successful development track record, MCZ and its partners are currently focused on value-added opportunities in prime infill locations throughout Chicago and the U.S.
Chicago-based Hirsch Associates LLC (http://www.hirschassociates.com) has been designing and planning architectural projects since 1994. Over the years, Hirsch Associates has won numerous awards, including the AIA Chicago Distinguished Building Award Citation of Merit, ALA Design Award Program awards of merit, the Chicago Association of REALTORS® Good Neighbor Award, and design awards from the Home Builders Association of Greater Chicago.
Sales & Marketing
@properties (http://www.atproperties.com) is the No. 1 real estate brokerage firm in the city of Chicago and the city's leader in the sales and marketing of new-construction and conversion developments. Founded in 2000, @properties has successfully represented more than 150 development projects, and has completed some 30,000 transactions totaling more than $13 billion. The firm has more than 950 licensed REALTORS® and seven locations throughout the city and North Shore.