June 12, 2020
A pandemic notwithstanding, construction has begun on JK Equities’ 1400 Monroe boutique condominium project in the West Loop. Lakeside Bank is the lead construction lender.
“These have certainly been unprecedented times, however we’re very pleased that we’ve been able to press ahead with construction and strong sales,” said JK Equities principal Jerry Karlik.
“We would be remiss to not thank all of our partners, including Astor Realty Capital, who are involved in this special project. We can’t wait to deliver 1400 Monroe to our buyers and the community.”
The 42-unit project is currently more than 40% sold. Pricing for 1400 Monroe starts in the $760,000s and ranges up to $1.39 million, with sales led by ON Collaborative. Units will range in size from 1,242 to 1,958 square feet and offer two and three-bedroom layouts.
Construction is being led by Summit Design + Build. A summer 2021 delivery is expected.
For comments, questions or concerns, please contact Paul Bubny