JK Equities gears up for 1400 Monroe groundbreaking in West Loop
Last week, JK Equities — the developer behind the 42-unit, seven-story condo building known as 1400 Monroe — announced that groundbreaking on the project will begin on April 1. Designed by Chicago-based architecture firm Booth Hansen, pricing for 1400 Monroe’s units will start at $760,000 and range up to $2.35 million. The units’ interiors were designed by New York-based Mojo Stumer.
The project is expected to be completed by summer 2021. Homes range from 1,242 to 3,139 square feet and 30% of the building’s residences have already sold, according to a press release from the developer.
“We’re excited to begin construction on 1400 Monroe and become one step closer in delivering it to the neighborhood and our buyers,” said Jerry Karlik, principal of JK Equities.
Belgravia Group breaks ground on Triangle Square Condominiums
Chicago-based Belgravia Group announced last week that it had started construction on Triangle Square, a 66-unit condominium complex located at 1701 W. Webster Ave. in Chicago’s East Bucktown neighborhood.
According to a press release from the company, the project will be the first residential development in the North Branch Corridor since 2017, when the area was rezoned. The building will be located two blocks from the Clybourn Metra station and is near Holstein Park and the 606 Trail.
Scheduled to be completed in 2021, condominiums in the seven-story building will be priced $516,500 for a two-bedroom unit, $605,000 for a two-bedroom plus a den, and $899,000 for three bedrooms and an office.
Designed by Chicago-based architecture firm Sullivan Goulette & Wilson, the building will include a fitness center, dog washing station, and rooftop deck with an outdoor kitchen. Triangle Square will also have a heated parking garage, electric vehicle chargers and a bicycle storage area.
Pre-leasing kicks off at Porte
Lendlease Development, along with co-developer The John Buck Company and partner Intercontinental Real Estate Corporation, announced last week that pre-leasing is now available at Porte, a two-tower development currently under construction at 855 W. Madison St. in Chicago’s West Loop.
Porte offers studio, one-, two-, and three- bedroom apartments ranging in size from 546 to 1,591 square feet with rents starting at $2,170 per month. The Porte development is made up of two towers, and each will have its own ground-floor lobby and amenities which will include a fitness center, game room, communal chef’s kitchen, entertainment lounge, coworking space and dog run. The towers will be connected by a two-story podium topped with a pool deck, lounge seating, fire pits and grilling stations.
Foxford Station unveils new model units in Western Springs
Hinsdale-based Foxford Communities announced three new model homes at Foxford Station, its condominium building located at 4441 Wolf Road at Burlington Avenue in Western Springs. The structure is a four-story building comprised of 25 other 2- to 3-bedroom residences. Most units include two heated garage parking spaces as well.
The company noted that all three fully furnished model homes are available for purchase, from a 1,770-square-foot 2-bedroom, 2-bath floorplan at $574,900 to two units priced at $799,900: a 2,376-square-foot 3-bedroom, 2 bath and a 2,256-square-foot penthouse suite.
The project is being represented by Bryan Bomba and Trish Orndorff of @properties.
EVEQ nearly complete
Late last month, @properties announced that the new 32-unit condominium mid-rise known as EVEQ West Loop had been topped off just in time for the spring selling season.
“In the West Loop, more than any other downtown neighborhood, new condo supply is just not keeping up with demand,” Cyndy Salgado, executive vice president of development sales at @properties, said in a press release.
Designed by Sullivan Goulette & Wilson Architects, the building’s 3- and 4-bedroom plans range from 1,500 to 2,300 square feet in size and between $860,000 and $1.3 million. The building is on pace to begin deliveries this summer.