Another Luxury Condo Project Planned For Chicago's River North
In an area where several luxury condos are on the horizon, Ascend Real Estate Group is adding another project to the mix. The developer is planning a 12-story, 34-unit condo building for River North, according to Crain's.
FitzGerald Associates Architects is designing the building, which will include two 11th-floor penthouse units and amenities like a lounge, fitness center, dog run, and outdoor kitchen.
The development is one of six condo buildings planned or under construction in the area. According to a Appraisal Research Counselors report cited in the Crain's article, developers sold 33 new condos in 2016, up from just nine a year earlier. At the end of 2016 developers were still marketing 155 unsold condos in River North, which represents 19 percent of the total for all of downtown.
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Another condo project planned in River North [Crain's Chicago]