Monday, January 26, 2009

Buyers Stuck in Condo Limbo

"Developers aren't the only ones smarting as the downtown condominium market tanks. Buyers of units in stalled condo tower projects face a tough decision: walk away and lose their deposits, or wait in hopes that the condos of their dreams will be built eventually."

That's the beginning of an article by Andrew Schroedter in the January 26 issue of Crain's Chicago Business. For the full article, plus an accompanying section titled "Will they ever get built?," which offers helpful updates on the status of six major developments (Chicago Spire, Lincoln Park 2520, Waterview Tower, X/O Condominiums, Solstice on the Park and Peshtigo), visit Crain's Web site.

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