New River North Condo Development to begin Construction

superior house

The 34 unit "Superior House" project in River North will be breaking ground very shortly per Chicago Curbed. Site prep is in full swing at the 366 W. Superior Street location. 

Chicago's condominium market has been slow to recover but things seem much brighter on the horizon. Demolition has started on a pair of existing low-rise commercial buildings at 360 and 368 W. Superior Street and will be replaced by a 12 story project known as Superior House. It will include the following features:

 - 34 for-sale residences

 - 63 space parking garage   

 - Formal lobby

 - Fitness center

 - Dog run

 - Vegetable garden

 -  Rooftop terrace

The developer is Ascend Real Estate Group and they are also behind the nearby Niche 905 Apartments. The building will have a glassy facade, balconies with wood soffits and a flying buttress-inspired crown designed by FitzGerald Associates Architects.

Apartment buildings can be built quickly on speculation but condo developments are dependent on reaching a predetermined level of pre-sales prior to breaking ground.

 

"We have 11 units under contract and are waiting to see how demolition and site prep progresses before announcing our construction schedule. The development team is targeting a spring 2020 delivery date."

@Properties Marketing Dept | Carrie McCormick

 

Superior House will join an expaning number of River North condo projects including the almost completed developments at 360 W. Erie and 56 W. Huron. Other projects like The Bentham and 61 W. Erie have completed demolition but are still waiting to break ground.

 

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According to Buzz Buzz Home, the available units range in price from $995,000 to $3,350,000 and sizes range from 1,770 to 3,490 square feet.  

Per Luxe Daily, corner units are highly desirable in condominiums and that is why FitzGerald Associates Architects planned no more than four residences per floor in this 12 story luxury building. 

Each condominium will feature interiors by Gary Lee Partners. Homeowners can expect high-end features such as the following:

 - Floor-to-ceiling windows

 - Florense vanities and kitchen cabinetry

 - Dornbracht faucets

 - Heated floors

 - Sub-zero, Wolf and Miele appliances

 - Marble bathrooms will display Duravit and Kallista pieces 

 - Fleurco Adagio freestanding soaking master tub

 - Sky deck with vegetable and herb garden

According to @Properties, the River North area is where you will find the finest steakhouses and just about every type of cuisine. The neighborhood is packed with shopping, entertainment and nightlife. 

Chicago's biggest office building, the Merchandise Mart, anchors the southern edge of the neighborhood along the revitalized Chicago River and the new pedestrian Riverwalk that includes restaurants and park seating along with kayak and boat rentals. Residents have convenient access to several bus lines as well as the CTA Red and Brown lines.

 

DataBid is currently reporting on this project - Superior House Residential Building River North - Chicago (0021092315)

 

 

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Posted by Judy Lamelza

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