Unlike other high rise projects in the area, Winthrop Club has garnered ample sales to clear its financing hurdle. Due to the current gridlock in the credit markets high- and mid-rise condominium programs in Evanston, akin to the rest of the region, have taken it on the chin of late. Through the third quarter of this year, there were a total of twelve net sales among eight new-construction condominium programs in Evanston, four of which either lost sales or recorded no new contracts thus far this year.
The Fountain View Lincoln Square is one of the latest graduates from Chicago’s Green Permit Program, which fast-tracks the approval process for sustainable developments in the city. The mixed-use project on Chicago’s North Side, featuring 18 condo units and about 8,000 square feet of retail space, is chasing LEED®-Silver certification from the U.S. Green Building Council.
Location
2138 S. Indiana, Chicago, IL 60616 Map
Owner
Chieftain Construction
Architect
VOA
Lexington Park is a South Loop high-rise condo development consisting of a 35-story, 297-unit tower and a seven-story, 36-unit “loft” building, connected by a podium including storefront retail space and a multilevel parking garage. It is Ireland-based developer Chieftain’s first project in the U.S., so it is of [...]
Location
1927 W. Potomac, Chicago, IL 60622 Map
Owner
Private Owner
Architect
URBANWorks
1927 W. Potomac is a 5-unit, 9,300 sf new construction condo building. This is a modest project demonstrating that a for-profit developer can build a reasonably green building without breaking the bank or pushing the envelope. And to top it off, the design team set a Green Permit [...]