Page 15 - Chicago Cooperator Spring 2020

CHICAGOCOOPERATOR.COM THE CHICAGOLAND COOPERATOR — SPRING 2020 15 Chicago’s Premier Property Managers of Luxury Lakefront Cooperative and Condominium Highrise Communities 312.564.5900 The Building Group, Inc. 1221 North LaSalle Chicago, IL 60610 EXPERTS ADVISORS PARTNERS INTEGRITY ACCOUNTABILITY TRANSPARENCY BuildingGroup.com Making your home more beautiful... more comfortable... more financially secure... and above all...more valuable Disclaimer: The answers provided in this Q&A column are of a general nature and cannot substitute for professional advice regarding your specific circumstances. Always seek the advice of competent legal counsel or other qualified profes- sionals with any questions you may have regard- ing technical or legal issues. of equity to force action. So long as the board relies on the advice of its qualified contrac- tor in how it goes about addressing the leak, it may not be actionable, but this depends greatly on the individual circumstances of the legal issues. There is a potential for legal trouble, though, if the board simply is not un- dertaking its repair obligations with the right advice. “These issues present a two-way street: owners should be diligent about reporting re- pair problems and boards should be equally diligent in addressing repair problems, in- cluding the potential that the less expensive repair option may not be working. Ultimate- ly, it may be time to bite the bullet on a new roof and all of the expense that a major proj- ect entails, but this should be at the recom- mendation of a qualified roofing professional and depends on the specific problems facing each individual building.” n Write to The Chicagoland Cooperator and we’ll publish your question, along with a response from one of our attorney advisors. Questions may be edited for taste, length and clarity. Send your ques- tions to: darcey@cooperator.com. Q&A Unit 3100 went for $11,274,395. Six months later, unit 3300 closed at $8.2 million for the “partially finished” 7,085-square-foot, 4-bedroom, 6-full-bath, 2-half-bath full- floor with two parking spaces. According to the latter’s listing cited by Lucido, “Ame- nities \[at No. 9 Walton\] include 24 hour door staff and valet, house car, indoor pool, sauna, steam room, hot tub, 2-story exer- cise studio, golf simulator, private hospi- tality room with catering kitchen, bar, and landscaped terrace, 2 guest suites, indoor/ outdoor pet area, and wine storage room.” One Bennett Park’s two highest clos- ings were units 5609 and 5709 at $6.35 million each, ranking sixth and seventh of the 29 condos breaking the $4 million mark in 2019. The 70-story, LEED certi- fied building is constructed with two sepa- rate addresses—451 E. Grand and 514 N. Peshtigo—allowing its 69 condos to have a separate entrance and lobby from its 279 apartments, respectively. Condominium owners at One Ben- PULSE continued from page 4 nett Park have exclusive access to “a fitness center, a salon and spa suite, and an event suite that includes a catering kitchen, land- scaped terraces, and lounges with billiards,” reports Chicago Now. Shared amenities include “a 10,000-square-foot deck with an outdoor pool, lounge areas, outdoor kitchens and cabanas, and fire pits.” An- other 5,000 square feet of fitness and well- ness facilities, a 60-foot-long indoor pool, a catering kitchen, an entertainment center, and “facilities for children of various ages” round out the amenities that both condo owners and apartment renters can use. The Park Tower at 800 N. Michigan is home to the third most expensive con- do sale of 2019 at $6.958 million. The 6,240-square-foot unit has five bedrooms, five full bathrooms, one half bath, two ter- races, two garage spaces, and two fireplac- es. “The seller of the unit was Georges and Leila El-Zoghbi,” says the blog. “Georges is a director of several companies, including the Kraft Heinz Co.” Full-Floor Unit in Benjamin Marshall- Designed Co-op Lists for $950K In an Uptown building designed by Chi- cago architect Benjamin Marshall in 1928, a full-floor co-op unit has hit the market for a list price of $950,000, reports Curbed Chicago. The unit, #1 at 655 W. Junior Terrace, is listed by Andreas Holder of Engel & b Voelkers Chicago. According to the list- ing, the spacious home includes three bedrooms, two and a half bathrooms (in- cluding a new en suite master bath), and a chef’s kitchen that opens onto a breakfast area and family room. Curbed reports that the unit’s square lay- out allows light to enter from all four sides of the 3,000-square-foot apartment, which can be enjoyed through the new top-quali- ty windows. A secluded wooden deck with a charming pergola and landscaping gives the unit even more of a connection with the outside. The charm continues inside with details original to the residence such as the origi- nal golden buzzer that was used for the in- tercom, says Curbed. A grand entrance gal- lery leads to a formal living room, dining room, and guest bedroom/office. Recent improvements align with the building’s stately style, including new crown molding. The architectural style is reminiscent of the Drake Hotel, which Benjamin Mar- shall also had a hand in designing. In this mid-rise Uptown building near the lake, the next owner can have a taste of Chicago architectural history along with modern luxuries—and garage parking. n Please submit Pulse items to Darcey Gerstein at darcey@cooperator.com