This is a neighbor I don't want, didn't want, never will want. Not that it will realistically be knocked down, but we went into this alleged luxury building, and it was horribly blase. Formica counter-tops, shag carpeting, 9 foot ceilings (or lower), ridiculous layout. You get the idea.
Chicago Business News, Analysis & Articles | West Loop apartment building on the block | Crain's
An affiliate of BlackRock Realty Advisors Inc. is putting up for sale a 28-story apartment building in the West Loop that could fetch $75 million or more.
BlackRock has hired the Chicago office of CB Richard Ellis Inc. to sell the 274-unit high-rise at 180 N. Jefferson St., according to sources familiar with the situation. Built in 2004, it is the only major downtown apartment building on the market at a time when investors are flush with cash. ... One real estate expert estimated 180 N. Jefferson could sell for $270,000 to $290,000 a unit, or $74 million to $79 million. Yet the luxury building, which features condo-like finishes, has only an 87% occupancy rate, below the 94% average for downtown luxury buildings, according to Appraisal Research.
Tags: architecture, /real_estate, /West_Loop
