While downtown Chicago is witnessing a flood of new apartments, construction is expected to begin this summer on Strata, a new condo development in River North at 847 N. Larrabee Crain's reports. Property owner Domus Group has just begun sales for the site's 27 units at prices ranging from $799,000 for a three-bedroom unit to $2.1 million for a 3,500 square foot full floor unit. Related Realty, which is serving as Strata's broker for the condo sales, describes the development as "modern European design." Domus purchased the site earlier this year for $4.1 million, and though it actually consists of three separate six-story buildings, the architectural design by Axios Architects is intended to simulate one cohesive building, tied together with roof band, a glass curtain wall, 10-foot ceilings, glass-railed balconies, and exterior limestone details. And naturally, private parking is also included.
·River North condo project sets up shop [Crain's]
·Strata [Related Realty]