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Long-Planned 74-Unit Condo Building Nears Start

CHICAGO-Home Sweet Homes, LLC has had plans on file with the city for a condominium tower at State and Huron streets, and now hopes to begin construction next spring on 74 units in a 27-story building.

By Mark Ruda | Updated on November 17, 2005

(To read more on the multifamily market, click here.)

CHICAGO-Plans for a condominium tower at the northeast corner of State and Huron streets, which have been in the works for more than three years, are ready to get off the ground, much to the dismay of relatively new owners of units in two neighboring buildings. Home Sweet Homes, LLC won an endorsement Thursday from the plan commission allowing the developers to build up to 74 units in a 27-story, 310-foot building.

Home Sweet Homes partner Robert Levin tells GlobeSt.com the developers hope to begin building on the 8,509-sf site next spring, operating under a 12-month construction schedule. One- and two-bedroom units will average 1,645 sf, according to plans filed with the city. Levin tells GlobeSt.com prices will likely be in the neighborhood of $475 per sf, which would put the eventual value of the new development at $58 million.

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