Printer's Row Primed and Ready Developers Building All Kinds of New Condos in South Loop
Jader, Gwen H., Daily Herald (Arlington Heights, IL)
Byline: Gwen H. Jader Daily Herald Correspondent
Like a beloved novel, Chicago's Printer's Row has a story to be cherished as each new chapter unfolds.
Bounded by Polk Street on the south, Congress Parkway on the north, State Street on the east, and Clark Street on the west, Printer's Row is one of Chicago's premier historic districts. It contains many of the city's original loft buildings that were once home to the Midwest's largest printing presses and publishing houses in the late 1800s.
The neighborhood salutes its publishing roots each June with the Printer's Row Book Fair, the largest free literary event in the Midwest.
Printer's Row was redeveloped as a residential area more than 25 years ago because of its proximity to the Loop, lakefront and cultural venues. Residential development once again is booming, and a new chapter is unfolding for the South Loop neighborhood.
Known for its vintage condo conversions and new mid-rise developments, Printer's Row is welcoming its first high-rise. Chicago-based Terrapin Properties just opened the Residences at Burnham Pointe, a 29-story condominium tower that will also include 17,000 square feet of retail space on the first floor. The tower already is more than 40 percent sold.
Located at 710 S. Clark St., the Residences at Burnham Pointe will have 298 homes ranging from 735 to 2,256 square feet and priced from $193,990 to $801,990. Deeded indoor parking is available for $35,000 per space.
"Printer's Row has become one of the hottest residential destinations in the city," said Michael Ezgur, co-founder of Terrapin Properties. "Buyers have been attracted to the neighborhood because it is within walking distance of jobs and is not as congested as other areas of
downtown. There's also a good selection of retail and restaurants."
According to Ezgur, the development's mix appeals to buyers.
"This is a new, exciting product. We feel it has the right mix of housing, retail and amenities. We also provided enough parking," he said.
The building has a fully equipped fitness center, including a two-lane resistance pool and a whirlpool. There also will be a landscaped open-air terrace with gas grills and a sun deck with lounge furniture.
Homeowners also can use the building's club room with full kitchen for parties and large gatherings, and the business center and conference room for on-site meetings.
Concord Homes also is including 7,000 square feet of retail space in its new Library Tower at the southwest corner of State Street and Congress Parkway. …