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Point of View 909 Washington highlight W. Loop location with expansive glass |
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There
are those who prefer lake views, but anyone whos ever stood on a
balcony in the West Loop or had dinner on the roof deck of Pegasus, in
Greek Town, will acknowledge that the neighborhoods sweeping skyline
vistas are hard to beat. Lake views, of course, disappear at dark, but
thats when West Loop views, created by a stretch of low-rise buildings
and the expressway, are most dramatic, a million twinkling lights defining
one of the worlds great skylines at what seems an arms length. Terrapin
Development clearly had those views in mind when it conceptualized 909
Washington Condominiums, a new construction building planned for the corner
of Sangamon and Washington, in the West Loop. True
to Terrapins (formerly known as Turnberry Properties) strategy at
other developments, the building includes a strong commercial component,
8,500 square feet of retail space in a ground-floor arcade with a glass
front. Above this is a two-story plinth of red brick that nods to smaller
neighboring buildings and the West Loops stock of brick lofts. And then
the views begin. The seven
residential floors above the three-story base feature a contemporary design
of finished aluminum and floor-to-ceiling glass that promises views that
will be nothing short of breathtaking. One
of the unique things about the building is that most of the units are
floor-to-ceiling glass, so it has a lot of volume and this expansive feeling,
says David Wallach, a principal in Terrapin. The units are very
bright, with finished ceilings but exposed ducts. Wallach
says the condos have some loft touches but are more refined than the rough-hewn
spaces found in converted commercial buildings. These
are more soft lofts, Wallach says. Unlike typical lofts, where
the second bedrooms have borrowed light, all of our units have finished
bedrooms. Condos
at 909 Washington, designed by architects Hirsch Associates, also have
a higher level of standard finishes than many projects in the neighborhood,
according to Wallach. We
have granite kitchens, marble master baths, stainless steel appliances,
fireplaces on all units
Wallach says. Our standard finishes
are what most developers call upgrades. The building,
marketed exclusively by Jameson Realty Group, has 110 condos, about one-third
of them one-bedrooms, one-third smaller two-bedrooms and one-third larger
two-bedrooms. The one-bedroom units have 1.5 baths and most of the two-bedrooms
have two baths. Prices range from the $200s to the $400s, and two penthouses
are priced around $500,000. Standard
features include private balconies or terraces, fireplaces, oak or ash
floors, maple or oak kitchen cabinets, Frigidaire stainless steel appliances,
marble floors and surrounds in master baths and ceiling heights of more
than nine feet in main living areas. Hirsch
Associates designed 909 Washington with a cutout courtyard beginning on
the fourth floor, above 162 parking spaces. This shape allows for a common
fourth-floor plaza that will be landscaped with decorative paving, trellises,
lighting, benches and planters. A series of rear balconies will overlook
the landscaped space. Wallach
says that buyers are impressed by this green space, as well as balconies
and views, but theyre also drawn to Terrapins approach to
commercial space often an afterthought in residential developments.
At 1001 Madison, another Terrapin project finishing up around the corner,
the developer was able to lure coveted retailers like Starbucks, Pockets
and Blockbuster. We
expect to get the same caliber of tenants at 909 Washington as we have
at 1001 Madison, Wallach says. The reason were able
to attract the A tenants is that unlike many developers, we provide substantial
parking for tenants even though the commercial space is fairly small.
Buyers love this. Our residents want to be able to come home and rent
a movie, get a sandwich and enjoy a cup of coffee without having to walk
five blocks. Such
amenities are increasingly common in the West Loop, where commercial development
has started to catch up with the wave of residential building thats
taken place over the last decade. Many of the citys best restaurants
are located on Randolph Streets restaurant row, while the old Standby
of Greek Town, on Halsted, is healthier than ever. New salons, shops and
art galleries have been following suit, and at press time, a massive new
Dominicks grocery store had just opened at 1 N. Halsted, on the
ground floor of a new highrise. Terrapins
new development is not only a part of West Loop growth, Wallach says,
it sits in the neighborhoods best residential location. We
will be the farthest north and east project in the West Loop, Wallach
says. The ones that have been most successful have been in that
northeast section. Were a stones throw from the Loop proper,
Randolph Street, the new Dominicks, Greek Town
Judging
by initial reaction and sales at Terrapins other West Loop project,
909 Washington seems poised for quick sales. Only 18 condos one-
and two-bedrooms priced from the $200s to about $400,000 remain
for sale at 1001 Madison, where around 30 buyers have moved in. At press
time, 909 Washington already was more than 25 percent sold, according
to Wallach. A sales center for 909 Washington is open across the street from the site, at 918 W. Washington. First occupancy is expected in late summer of 2004. |