Comments on Sloopin - A South Loop Blog: 20 Motor Row Condo's to be Auctioned

Great Blog on Motor Row District: http://chicago-...

2009-10-09T13:46:40.423-05:00

Great Blog on Motor Row District:

http://chicago-architecture-jyoti.blogspot.com/2009/09/lofts-in-motor-row-historic-district.html

The Auction was in the making prior to the Olympic...

2009-10-07T14:25:39.206-05:00

The Auction was in the making prior to the Olympic loss. Just changes the 'marketing'. I am familiar with this building and area & can hands down say that you will get a great layout, space and eventual great neighborhood for the money. It's worth letting friends know about the open houses to check it out. Also, the 22 current owners are ALL WORKING, FRIENDLY PROFESSIONALS.

1. Your guess is wrong - this project had nothing...

2009-10-07T12:47:40.561-05:00

1. Your guess is wrong - this project had nothing to do with Olympics.

2. Owner has option to rent out as he has an additional 7 or 8 years on the Tax Freeze for historic property in his pocket. He is just legally protecting himself for advertising and people who try to claim something else.

He did do and incredible job on the facade though. Just overpriced the product for the neighborhood status.

"Eight of the 20 units will be sold if the mi...

2009-10-07T11:01:19.774-05:00

"Eight of the 20 units will be sold if the minimum bid price is met, while the ownership will use its discretion on whether to sell the other 12 units"

Does this make sense to anyone else? Isn't that the point of a minimum bid price?