Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Groundbreaking Set for April 1 on West Loop Boutique Condos
Groundbreaking on 1400 Monroe will commence on April 1, said JK Equities, the developer behind the 42-unit, seven-story boutique condominium project in the West Loop. JK Equities has confirmed Lakeside Bank is financing the construction loan, and the condominium is expected to be delivered by summer 2021.
“This project provides future residents with a well-designed home on the park, in one of the most coveted public-school districts in Downtown Chicago, at a competitive price point,” said JK principal Jerry Karlik.
Pricing for 1400 Monroe starts in the $760,000s and ranges up to $2.35 million, with sales led by ON Collaborative. Condo units will range in size from 1,242 to 3,139 square feet, offering two, three-and four-bedroom floor plans. The building has experienced steady sales to date, with more than 30% of its 42 residences sold, according to JK.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
