Last month we took a look at a Craigslist ad comparing Vision to Trump and Elysian. Turns out that ad wasn't an exaggeration or a mistake — the folks behind Vision really think it belongs in the company of luxury downtown high-rises. Developer Robert Mosky set the rents between $2,500 and $4,000, which is pretty steep for Wicker Park. And renters aren't buying into it. According to Crain's, Mosky has only managed to rent 13 of the 33 apartments in Vision in the six months since it went rental. "It's high compared to everything else," Aaron Galvin from Luxury Living Chicago told Crain's. The article gives no indication that those rents will be coming down, either.
· West Town project slow after conversion to rental [Crain's]
· Vision Tops Trump and Elysian in Hyperbolic Craigslist Ad [Curbed Chicago]