A Residential Real Estate Developer Has One of the Best Weeks in the Nation
A Chicago developer had the best buyer activity and sales last week of any new construction project in Chicago and possibly the nation.
Chicago, IL, April 03, 2009 --(PR.com)-- Chicago developer, The Kopley Group, had record-breaking buyer activity for the grand opening of their models last week which resulted in more sales than any other new construction project in Chicago and possibly the nation.
During one of the worst real estate markets since the Great Depression, where sales center traffic has been lagging, more than 52 sets of buyers made private appointments to preview the models at The Lofts at 1800, resulting in 8 new reservations. The development,located on Chicago's north side, is already 25% sold.
The Kopley Group credits the boost in sales to the affordable luxury offered at The Lofts at 1800. 1 Bedrooms start at $254,500.00, 2 Bedrooms start at $364,500, 2-Story Town Houses start at $429,500.00 and 3 Bedrooms from $759,500.00. In addition to amenities commonly found in downtown high rises like a concierge and fitness center, each buyer also has the opportunity to work with a designer on selecting their luxury finishes. The Kopley Group can offer this because they own their own construction company. This means that buyers of Lofts at 1800 will have unique homes, not “cookie cutter” condominiums.
Renaissance Lofts, The Kopley Group's other development in Chicago, also experienced remarkable sales, with 5 new contracts in the past few months alone, and is now 75% sold, due in part to an unprecedented 2 Year Buy-Back Guarantee. The Guarantee allows buyers, at Renaissance Lofts, to sell back their loft to the developer for the price they paid, for any reason up to two years after closing.
As he watched the market turn this summer, Kopley moved quickly and got FHA Approval for the building. That makes it possible for buyers at his Renaissance Lofts to need only 3 ½ percent of the purchase price as a down payment, while up to 20% is often needed as a down payment to buy from the competition. FHA guidelines are also less stringent, so credit scores don’t have to be as squeaky-clean to buy a home.
The prices are so affordable; they are often cheaper than renting. One bedroom lofts start at $165,000 and 2 bedrooms are as low as $216,500.00. The most expensive units are now $274,500.00.
The multi faceted company, Kopley Group, has quietly established an outstanding track record in diverse industries including: Residential Rental and New Construction Real Estate Developments, Construction, Brokerage, Venture Capital and Banking.
Websites:
www.thekopleygroup.com
www.loftsat1800.com
www.renaissance-lofts.com
www.thekopleygroup.com/the-2-year-money-back-guarantee/
For more information contact:
Lynne Jackson
The Kopley Group
Cell: 773.412.3904
Email: ljackson@kopleygroup.com
###
During one of the worst real estate markets since the Great Depression, where sales center traffic has been lagging, more than 52 sets of buyers made private appointments to preview the models at The Lofts at 1800, resulting in 8 new reservations. The development,located on Chicago's north side, is already 25% sold.
The Kopley Group credits the boost in sales to the affordable luxury offered at The Lofts at 1800. 1 Bedrooms start at $254,500.00, 2 Bedrooms start at $364,500, 2-Story Town Houses start at $429,500.00 and 3 Bedrooms from $759,500.00. In addition to amenities commonly found in downtown high rises like a concierge and fitness center, each buyer also has the opportunity to work with a designer on selecting their luxury finishes. The Kopley Group can offer this because they own their own construction company. This means that buyers of Lofts at 1800 will have unique homes, not “cookie cutter” condominiums.
Renaissance Lofts, The Kopley Group's other development in Chicago, also experienced remarkable sales, with 5 new contracts in the past few months alone, and is now 75% sold, due in part to an unprecedented 2 Year Buy-Back Guarantee. The Guarantee allows buyers, at Renaissance Lofts, to sell back their loft to the developer for the price they paid, for any reason up to two years after closing.
As he watched the market turn this summer, Kopley moved quickly and got FHA Approval for the building. That makes it possible for buyers at his Renaissance Lofts to need only 3 ½ percent of the purchase price as a down payment, while up to 20% is often needed as a down payment to buy from the competition. FHA guidelines are also less stringent, so credit scores don’t have to be as squeaky-clean to buy a home.
The prices are so affordable; they are often cheaper than renting. One bedroom lofts start at $165,000 and 2 bedrooms are as low as $216,500.00. The most expensive units are now $274,500.00.
The multi faceted company, Kopley Group, has quietly established an outstanding track record in diverse industries including: Residential Rental and New Construction Real Estate Developments, Construction, Brokerage, Venture Capital and Banking.
Websites:
www.thekopleygroup.com
www.loftsat1800.com
www.renaissance-lofts.com
www.thekopleygroup.com/the-2-year-money-back-guarantee/
For more information contact:
Lynne Jackson
The Kopley Group
Cell: 773.412.3904
Email: ljackson@kopleygroup.com
###
Contact
The Kopley Group, Inc.
Lynne Jackson
773 412 3904
kopleygroup.com
Lynne Jackson
773 412 3904
kopleygroup.com
Contact
Categories