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Old May 1st, 2009, 10:15 PM   #281
therock473
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Incentives

More of a legal question here...

If 235 decides to offer incentives (they currently are not)..such as free parking or 1 year paid assesments...do the people that bought at pre-construction get to take advantage of this?

what happens if they close..then they offer incentives are we SOL?

i havent closed yet..but am seeing a lot of places around the loop offer good incentives such as above. I am thinking to stay competitive 235 may do something similiar. anyone have any idea how this would work?
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Old May 2nd, 2009, 01:21 AM   #282
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Quote:
Originally Posted by therock473 View Post
More of a legal question here...

If 235 decides to offer incentives (they currently are not)..such as free parking or 1 year paid assesments...do the people that bought at pre-construction get to take advantage of this?

what happens if they close..then they offer incentives are we SOL?

i havent closed yet..but am seeing a lot of places around the loop offer good incentives such as above. I am thinking to stay competitive 235 may do something similiar. anyone have any idea how this would work?
I am almost positive you are SOL. Happens a lot. Why would they extend any incentives to people who have already signed a contract? If they raise prices, can they extend that to people who signed a contract (no Trump comments please). That is the risk you run by agreeing to a contract. You can opt out of it, but you lose your earnest money.
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Old May 6th, 2009, 09:38 AM   #283
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Hello all, Just wanted to let you all know that as of 5/6/09, the FHA website shows the 235 Van Buren project is in a Pending status for FHA approval. The record was last updated on 1/9/09. Just an FYI.
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Old May 7th, 2009, 03:18 AM   #284
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Quote:
Originally Posted by Yoolee View Post
Hello all, Just wanted to let you all know that as of 5/6/09, the FHA website shows the 235 Van Buren project is in a Pending status for FHA approval. The record was last updated on 1/9/09. Just an FYI.
But even if they approve it, won't it carry the condition that 50% of the units must be owner-occupied? This is rare in the downtown/south loop area.
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Old May 7th, 2009, 03:00 PM   #285
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PrintersRowBoiler:

Not sure how this will work. They are not going to know an accurate percentage of the owners who will occupy the units in comparison to non-owner occupied, because of the staggered closing dates. I am under the impression that if the project receives a status of approved then FHA benefits will be available. To my knowledge (correct me if I'm wrong) to qualify for a FHA loan on a condo, it must be owner occupied anyway. I will try to find more facts than assumptions on my part.
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Old May 8th, 2009, 03:00 AM   #286
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Should be topped out within a week?
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Old May 16th, 2009, 05:32 AM   #287
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Old May 18th, 2009, 06:49 PM   #288
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closings

Anyone close yet? Anyone been inside to see what it looks like?
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Old May 19th, 2009, 06:42 AM   #289
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Originally Posted by therock473 View Post
Anyone close yet? Anyone been inside to see what it looks like?
The first closings are in the beginning of June, but inspections/walk throughs will be going on, before the end of the month. I have a unit and won't be able to check it out myself, but my realtor will be doing the walk through so I will try to post the pictures she sends me...
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Old May 22nd, 2009, 12:24 AM   #290
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Sir Isaac, are you getting excited, nervous, etc.? What do you think of how the building has turned out so far?

Personally, when the plans for 235 Van Buren came out, I thought ok, I'm glad this building will fill the random lot, but now I am pretty much in love with the outside of the building. I'm glad they chose dark glass and the contrast of the balcony railings look great. I'm not even a huge fan of most concrete buildings but I really like how this one looks!

http://chicagoismynewblog.wordpress.com
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Old May 26th, 2009, 08:47 PM   #291
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Old May 27th, 2009, 04:28 PM   #292
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getting back to discussing design.....in my opinion, this building is not very appealing. where contemporaine was elegant and decisive in it's moves, and skybridge was bold and daring in it's moves, this one just feels a little too cliche-ridden.
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Old May 28th, 2009, 08:42 PM   #293
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Definitely apart of the skyline

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Old May 29th, 2009, 12:58 AM   #294
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I believe this is topped-out now, with the roof and fin being placed in the past few weeks. If anyone can get close shots of the top of the building, it would be appreciated.
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Old May 29th, 2009, 03:54 PM   #295
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^ Its a little pipsqueek building in the Chi skyline, but this would be a major addition to any other midwestern skyline. In fact, only Cincy with the GAT tower has a taller building UC or proposed.

btw, I love Jibba's photo that shows how this building has extended the Franklin Street canyon wall.
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Old May 29th, 2009, 04:33 PM   #296
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I like the balconies and how they're arranged, that parking garage though.
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Old May 30th, 2009, 01:56 AM   #297
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This building is starting to look MUCH BETTER with the paint job to the parking podium.
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Old June 1st, 2009, 03:53 PM   #298
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Cool. Chi-town keeps building.
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Baltimore, my hometown.
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Old June 2nd, 2009, 10:29 PM   #299
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Walk Through

I am wondering have any of you that have gone through the walk throughs ...have any thoughts you would like to share?

-Unit size compared to what you saw in floor plan
-overall feeling of craftsmanship of the units
-overall feeling of the unit/building as a whole
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Old June 5th, 2009, 05:57 PM   #300
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June 5th 2009





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