Developers propose a 65 story tower for Lake & Stetson
Here comes another one, the Mandarian Oriental Tower is the latest condo hotel offering. Located one block north of Millennium Park the project will have 250 condo hotel rooms and 150 residential condominiums. Prices start at $500,000.00 for a hotel room and $600,000.00 for a condo.
The complex is located one block east of Michigan Avenue and will have an address of 215 N. Michigan. They are able to use this address as part of Illinois Center.
Just got to have that Michigan Avenue address!
15 comments:
Blogged your blog and enjoyed the experience. Nice break from my own real estate work. Thanks. Visit my site if you have a chance.
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Blogging is not always a rewarding journey, but I ran across yours on this trip and it was a good break from my own real estate work. Thanks. Keep up the interesting work and visit my site if you have a chance.
there are really that many people out there who are willing to buy these hotel rooms? I've previewed two of these setups so far in chicago and it still amazes me. Is the return on investment really that fantastic?
If I spent as much time working on my own real estate sites as I do slogging thru blogging, I'd probably make more money. But I enjoy a good read. Thanks for the break. Stop by my site if you can.
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I don?t really have a useful comment on your site, but it was a nice break from my own real estate work. I just weanted you to know I enjoyed the visit and hope you can visit my site if you have a chance.
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watch "absorption rates" closely. It's a time-tested yardstick for home sales. Does it prove that the Housing Bubble has already popped? You bet it has. Read more ....
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Anyways for the one real post, No the return on these things isn't that great UNLESS the unit value goes up. That is less likely now as interest rates are making listing periods increase and there are more properties on the market now than anytime in the last 3 years. There are much better inverstments out there IMO.
Guess I have to get back to my my real estate work. Enough blogging for now. I did enjoy reading your blog. Visit my site if you have a chance.
Nice blog you have. Been looking for a good real estate blog to help me struggle through this difficult market. We've developed a unique approach to tough housing markets. Might interest you and your readers. Thanks again for an interesting site.
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