spire

Denver Spire Project Readies For Move In

The Chicago Spire project may be floundering but Denver's Spire is nearing completion. The 42-story Spire condo tower in downtown Denver has seen many people put down deposits for the units. The developers are offering a $35,000 credit that can be put toward the purchase price or used to buy appliance upgrades, parking or extra storage. Prices start in the low $200,000s and go up to $1 million-plus for premium residences. The more expensive units are located in the SkyClub area on the top 10 floors as well as on the ninth floor where the exercise facility, pools, hot tubs, media room and sports bar are located. Most units have outdoor decks. The $175 million project should be ready for move in by the end of next month. The project is pursuing LEED certification and will get 100 percent of its energy from wind. A sustainable dry cleaner and a Hertz rental car facility with hybrid cars such as Toyota Priuses will be onsite.

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Tags: condo project, condominium, CondoProject, denver, spire

The Chicago Spire Is 30% Sold

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

More than ever it seems having a snappy website and a dramatic plan by a popular architect does not guarantee that a building will be built. But the developer behind one of the most ambitious projects in the U.S., the Chicago Spire, is saying that the Santiago Calatrava-designed building is a go. The developer says they have already sold 30 percent of the building's condo units, sending a strong signal that there is enough interest in the project despite the fact that the condos are priced higher than others in the city (the studio units start at $750,000) and that the developer has required 15 percent of a unit's price upfront for each sale.

The Shelbourne Development Group, has been financing construction but that will change later this year and so everyone will be watching to see what new lenders step forward to back the project. The Spire will have 1,194 units total including the still-for-sale $40 million penthouse. If all proceeds as planned, move in is set for 2012.

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Tags: chicago, condominium, condos, santiago calatrava, spire