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Terrapin's
909 Washington brings sleek modern look to lofty West Loop |
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When
he was in high school, Terrapin Properties partner Michael Ezgur had a summer
job detailing cars, so it did not come as a total shock to anyone when Terrapin
acquired and began operating a Red Carpet car wash in the West Loop.Its true,
said Ezgur. We actually operated the car wash, and yes, it did take
me back to my youth, but obviously, we had bigger and better plans for
the property. Those plans have now
come to fruition in the form of 909 W. Washington, a 10-story condo development
on the south side of Washington between Peoria and Sangamon. The location
sits in the heart of a neighborhood that is on fire, according
to Charles Huzenis of Jameson Realty Group, sales agent for the property. Everything is
coalescing in this area, says Huzenis, pointing out at press time
that the building was 80 percent sold without a massive marketing effort.
Terrapin has done a number of very successful projects in the West
Loop, each with its own personality, and this one is going great guns. Though location is
undoubtedly a significant factor in the minds of prospective buyers, 909
W. Washington has features that would turn heads regardless of its whereabouts,
according to Ezgur, starting with the three-story red-brick plinth that
houses the lobby and 9,000 square feet of ground-floor retail space beneath
a two-story parking garage. This is a very
bricky neighborhood with lots of warehouse-type structures, says
Howard Hirsch, of Hirsch Associates, architects for the project. We
tried to pick this up, but since we didnt want to lose the modern
look, we pulled the brick in on the first floor in front of the retail
and created an arcade-like effect with columns, making it a nice spot
for foot traffic. Though the base of
the building might be viewed as somewhat traditional, the seven-story
glass mini-tower that houses 109 condos above is all modern. Slightly
cantilevered and designed with a series of setbacks to create more corner
units, the tower affords each home two and sometimes three different views,
while the floor-to-ceiling windows and integrated balconies provide maximum
light. The massive
amount of glazing and the flush balconies make this building structurally
and functionally unique in this neighborhood, says Hirsch. I
cant think of any building around that is even comparable. And speaking of function,
Ezgur is quick to emphasize that lifestyle is as important to Terrapin
as bricks and mortar. We like to do our buildings in a way that
provides mixed uses and nice amenities, says Ezgur. And as
weve progressed over the years, we have been doing this in a bigger
and better way. The new 909 W. Washington
reflects this philosophy in myriad ways. Part of the fourth level, for
example, was constructed as an open-air park, complete with decorated
trellises, plantings and sitting areas. On the ground floor, the separate
residential entrance leads into a stunning lobby featuring a terrazzo
floor, sculptured ceiling, furnished seating area, fireplace and two maple-paneled
elevators. Other common area
amenities include a phone-access security system, an exercise room and
a mailroom with a curved glass partition. In keeping with Terrapins
lifestyle approach, a portion of the retail space was leased with the
everyday needs of the residents in mind. Tenants include JPMorgan Chase
Bank, Dunkin Donuts, Baskin Robbins and a dry cleaner. The homes have one
or two bedrooms and one or two baths, with 815 to 1,308 square feet of
space. One-bedrooms start in the $260s and two-bedrooms are priced from
the $370s. A 10th-floor penthouse with 1,506 square feet, two bedrooms
and a loft-den is priced at $563,800. Parking spaces cost $29,800. The condos have nine-foot
ceilings, hardwood floors in living areas, fireplaces with marble surrounds
and wood mantels, balconies, solid core doors, bedroom carpeting, marble
or oak kitchen cabinets, granite countertops, stainless steel appliances,
cultured marble vanities and ceramic tile bathroom flooring. This is a dynamic
neighborhood, says Ezgur, who speaks with some authority as president
of the West Central Association, the West Loops oldest business
community group. Nine-oh-nine is definitely an in-fill project as
opposed to being a pioneer development, although many of its features
are new to the area. Its proximity to the Loop and the Randolph Street
excitement, coupled with the unique design and the lifestyle environment
make it the best residential building in the area in my opinion. Construction is in
its final stages, and some of the condos are already occupied. The sales
office for 909 W. Washington, www.909Washington.com,
is located on site. |