Friday, February 27, 2015

Sales explosion, great views at The Grant in South Loop

 Our clients have sold their Lakeview town house and want the downtown lifestyle.

The views! Photo Bob DePalma, Broker, Kale Realty
We recently viewed a unit at the "re-developed" newer construction luxury building at 1201 S Prairie Avenue in the South Loop 60605.  Acquired and re-branded "The Grant", 1201 S Prairie units have sold swiftly since being re-listed in late 2013 thus riding the wave of the resurgent lakefront burgh. 89 of the units in the 289 unit building have sold in the last 12 months alone. 

The remodeled lobby at The Grant
 The median price for a condo is about $780,000 with a $670/ month assessment.  8 more units are currently under contract and only 6 units are listed for sale on the MLS.

From Michigan Avenue Mag: For The Grant—a 54-story, 298-unit tower that will be the most luxurious building of the three—Related Midwest is taking the same strategy of leveraging the company’s national buying power for quality brands. The Grant’s units, which range from 787 to 3,000 square feet, will feature Snaidero cabinetry with high-gloss lacquer upper finishes, quartz counter-tops, Sub-Zero and Wolf appliances, and Balitero wide-plank floors. New furniture will be added to public spaces like the rooftop deck, and the lobbies will be redone in a more sophisticated palette. “We look at what the finished package will be and how each detail can complete the full design,” says Ann Thompson, senior vice president of architecture and design at Related Midwest. “We are being thoughtful about what we choose and how it’s appropriate in terms of design, quality level, sustainability, and functionality for the short term and long term.”
The Grant is also being equipped with updated building amenities in addition to the existing pool and workout room. The media room and business centers are being redesigned, and there was so much extra space in the building, Related Midwest was able to add a bike room, a concierge room with dry cleaning service and package delivery, a playroom, and even a dog spa.

Let's check out that winning formula:

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