The Sterling is now 50% sold, with another 10% of the units under contract, says Sharon Rizzo, American Invsco's sales manager for new construction. She told Chicago Real Estate Council groups Wednesday the company hopes to sell out the project by the end of 2002.
The Downtown condominium market ended 2001 with 4,173 unsold units, Appraisal Research Counselors vice president Gail L. Lissner, SRA reported last month, when she also noted a first-quarter uptick in traffic at sales offices.
"We're getting a lot of traffic in the building, and most people are looking at it as a primary residence," Rizzo says. "Since we've closed in January, we've seen increased traffic and sales…We're getting quite an influx from the suburbs, especially the north suburbs."
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