“GLUT OF CONDOS PERSISTS IN DOWNTOWN PROJECTS”

Trump Tower, 235 W. Van Buren, One Museum Park West, The Legacy and Museum Park Place South are all condo projects that have….lets just say an abundant supply of condos available. Check out the graph below compliments of Crain’s Chicago Business (Chicago Real Estate Daily).

Crain's Chicago Business

While CMK has a great deal of units available at 235 Van Buren the saddest to see is One Museum Park West which has only closed on 22% of its units! The tower still remains mostly dark at night and the question remains: Not if, but when will the developer lower prices to start moving units? Only time will tell.

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