Developers built new Chicago condos at an incredible rate in 2007. During the previous year, 2006, over 7,100 new construction and redeveloped condos began marketing campaigns. In 2007, there were an estimated total of over 10,000 new projects in the works at various stages by developers.

There are so many added attractions and enticements with these new Chicago condos that developers are not having a hard time filling occupancy requirements. Luxury amenities such as gourmet kitchens, spacious baths, indoor parking, building spas and gyms and the occasional plasma television thrown in for good measure lure buyers to many preconstruction projects. The New York Times recently coined the phrase “spadominiums” referring to the trend in luxury spa features of many new condominiums that have become so popular among buyers.

Some of the bigger developers such as Centrum Properties, Draper and Kramer (DK Equity), Mesa/Walsh, Terrapin Properties, American Invsco, Smithfield and of course Trump seem to have hit upon the right combination of location, investors, marketing and luxury design to insure the success of their projects.

Castle Lanikai Resort A Condo Property - 2 Star Hotel - Air + Hotel 3 nights from $1139 pp. Price shown departs from Chicago. See website for additional details.
Source: travela.priceline.com

For more information on the Chicago Real Estate market, check out Best Chicago Condos.

condoDomain.com and Centrum Properties have formed a strategic Internet marketing relationship. condoDomain.com will be positioning 10 condominium developments for Centrum Properties (3 in Chicago and 7 in Florida) on the world wide web. Centrum has garnered acclaim in the Chicago and Floridian urban marketplaces, by creating distinctive residential communities. [eMediawire.com Oct 23, 2006]
Source: www.emediawire.com

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