I wondered then how many of the 177 market rate units were still available. The answer now is 27 market rate and 2 affordable, out of 279 total units. Better than I thought, actually. Well, guess what? Prices have been slashed again, and you can get a brand new market rate one, two, three bedroom or a townhouse for around 50% of the original asking price:
In the market-rate units, one-bedroom, one-bath condos start at $160,140; two-bedroom, two-bath units start at $229,500; and three-bedroom, two-bath units are priced from $295,800. The town homes are priced from $306,000 to $331,500. Condos include one garage parking space, and town homes include attached parking.This is a steal – provided you don't mind living in mixed income housing. I honestly can’t believe how cheap this is for a brand new unit with parking that is close to the el and the Old Town neighborhood. I remember when the townhouses first went up for sale and they were asking in the 500s and 600s. Is the lure there yet? I still haven’t heard much about the living conditions other than anecdotal stories. I suppose time will tell.
The two affordable condo units are for buyers earning 80 percent or less of median area income. The one-bedroom floor plan is $115,000, and the two-bedroom, one-bath unit is $125,000.