Sales are underway for 770 Lofts, a new loft development offering some of the lowest prices on new-construction in Chicago’s West Loop.
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 lofts topped by two stories of new construction. A total of 47 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,” says Michael Golden, co-founder of @properties, the exclusive brokerage firm for the development. “These homes are being offered at prices we haven’t seen in years for new construction in the West Loop, 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’ 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.
Lofts in the existing structure feature exposed brick walls and heavy timber beams, and all units have exposed ductwork and high ceilings ranging from 9’6” to 15’. The building also has a new lobby and corridors and a fitness center with cardio equipment.
770 Lofts is 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,” says 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, visit the 770 Lofts website at www.770lofts.com or call 312-345-0770.