[galleyfox]

Originally Posted by Zapatan

Not sure if anyone has a subscription since I can't read it but this could be helpful to speculate if some of the major condo towers will be built soon

What's driving sales at the two hottest high-end condo towers in town?

https://www.chicagobusiness.com/resi...ales-are-going

St. Regis

He emailed a prepared statement that said, among other things, that “sales have exceeded our expectations” and that “we are approximately 60% sold or under contract.”

According to Crain’s research in the Cook County recorder of deeds online records, by Nov. 10 the developer had closed the sales of 151 units at its 353-unit St. Regis tower. That’s 42% sold.

In the sales records Crain’s examined, at least 40% of the buyers’ names recorded in public records are Asian. That’s almost 27% of the sales, a disproportionate figure in a metro area whose Asian population is a little over 6%. This suggests, but does not confirm, that the international sales effort met success.

Tribune Tower

Crain’s research in county records shows that the Tribune developers, Golub Realty and CIM Group, have delivered 51 of the 151 condos, or 33%. Jeanne Martini, the tower’s sales director, told Crain’s that with pending contracts included, the figure would be “right at 50%.”

Martini estimated that about one-quarter to one-third of the buyers in the tower so far have been buying units for their second home, and the rest are full-time residents. Out-of-town investor buying has been slim to none, she said.