Related Midwest has unveiled its third and final building of its previously stalled South Loop Luxury collection: the Adler Place condo community, which is 275 units and 32 stories.
Residences at the trio of buildings that comprise South Loop Luxury have already surpassed the 50 percent threshold, according to MHN online.
“When we launched the South Loop Luxury collection this spring, we were confident these three buildings would answer an unmet demand for new-construction condos in Chicago as the housing market rebounded,” said Curt Bailey, president of Related Midwest. “That has proven to be the case, and we’re proud to say we’ve already sold more than 250 of the 500 condos in the collection since the beginning of the year. With very little new supply on the market to meet buyers’ growing confidence, the time is definitely right to unveil Adler Place as the newest option for buyers in one of the city’s most desirable neighborhoods.”
Residences at Adler Place range in size from 900 to 1,582 square feet and feature Related’s Classic and Signature finish options. The building’s common areas include a fully redesigned lobby and corridors, fitness center, outdoor pool and an entertainment suite on the top floor. Prices range between the mid-$200,000s and $600,000s and include parking in a private, heated garage.