Quote:
Originally Posted by left of center
^ The Tribune Tower Addition's location right on Michigan Ave will probably be its key selling point. I imagine this will sell more units to out of town/country investors simply because of this fact. I'm sure the marketing team is banking on this as well.
|
The Michigan Ave location didn’t help the Ritz-Carlton Residences. Admittedly, that delivered during the recession but your foreign investors were still buying things in coastal cities at the time.
Like it or not, I think most condo sales in Chicago, even at these stratospheric
price points, are driven by local buyers who will look past the Michigan Avenue name and focus on fundamentals of value.