The walls are a little bit angled, and it s more original than what you see a lot of places. On its face, the pricing seems low compared to much of the South Loop market, but especially when buyers see what the prices include, according to Pon. One of the big selling features is that literally everything is standard, Pon says. Maple cabinets, granite counters, stainless steel appliances, hardwood floors in living areas, carpeting in bedrooms - it s all included. In the master baths, you have granite or marble vanities.
Every unit has a balcony.
The product and pricing draws obvious comparisons to the emerging South Loop market of six or eight years ago, Benson says, but in some ways buyers at the Archer Building will be moving into a more settled location than the earliest South Loop buyers, who had a long walk to buy anything. You re a block from Chinatown, which has all the amenities of that kind of urban environment great restaurants, grocery stores and other conveniences, Benson says. The project has drawn interest from Chinatown and neighboring Bridgeport as well as from other city neighborhoods and the suburbs, Pon says. There is a tremendous amount of potential inventory of timber and concrete buildings in that area, and based on where we are in the economy today, I think we ll see continued expansion, Benson says. Of course, as in the South Loop, it s unlikely that buyers in later conversions will see the low prices and potential for appreciation present in the Archer Building.