$60 million West Loop condo project moves forward for fall groundbreaking

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The developers of a 72-unit, seven story condo project in Chicago’s West Loop assert they’ve sold 35 per cent of the units ahead of the project’s groundbreaking sometime later this fall.

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Belgravia Group Ltd.’s CA6 West Loop at 305-323 S. Racine Ave. had a projected construction cost of $60 million, Crain’s Chicago Business reported in January. It is unclear exactly how the COVID-19 pandemic would affect the project’s costs, though the design including three-and four-bedroom units (with three to 3.5 bathrooms per unit) presumably would be appealing to purchasers seeking space and social distancing room.

In a news release, the developer says it has four of the larger units available for prices starting at $1.65 million each. “While the original plan for the building called for only five of these penthouse-level duplexes, Belgravia was able to add seven more after the original five sold out during the first week of pre-sales,” the statement said. Smaller units are offered in the $800,000 range.

“With four bedrooms and over 3,000 square feet, these homes are equally suited for buyers who want a place they won’t outgrow, as well as those who want to transition out of a single-family home – whether in the suburbs or city – but don’t want to sacrifice the square footage they’ve enjoyed,” said Liz Brooks, vice-president of sales and marketing at Belgravia Group.

Hubbard Street Dance Center
The Hubbard Street Dance Center (Google Street View)

The project is expected to be completed by mid-2022. It is on the site of the former Hubbard Street Dance at 1147 W. Jackson, Crain’s reported in January.

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