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Developer Sean Conlon Betting On Chicago Condo Revival After 2011

September 26, 2009

Developer Sean Conlon is reportedly in the process of planning a seven-story apartment building in the River West area at 1100 W. Grand Ave.   Conlon is betting that demand for near-downtown residences will revive in coming years.

The Irish native and chairman and of Chicago-based Conlon & Co, recently applied for a zoning change to the River West site he acquired late last year for $1.9 million through his new Irish-backed investment fund that’s seeking to buy distressed U.S. real estate.  The new site is favored by Mr. Conlon because “the city views are fantastic and downtown is a straight shot”.  He is also betting that it is the logical place for the downtown area to grow in a westerly direction.

There’s no specific timetable for the project,  though it’s likely construction won’t begin until more than a year from now.  The site was acquired from a family that owned the former Marathon gas station there and has demolished the existing building and removed the underground gasoline storage tank and done other environmental remediation work already.

The proposed apartment building, which was designed by Axios Architects & Consultants, is to have about 4,000 square feet of first-level retail space and 59 parking spaces.

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Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

1 Comments

1

Interesting. It’s great to see big developer projects like this coming back tot he Chicago Condo scene. Excited for the future. Thanks for the information!

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