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Current residential development projects as of March 31, 2008:
[closings + outstanding contracts]/total units (units closed), change in units
sold over prior month.
Condominiums (Total net 0) -
no Optima
Condominium absorption for March 2008: 0
- No Optima
Condominium absorption for 2008: 2 - No Optima
Condominium absorption for 2007: 55
Condominium absorption for 2006: 219
Condominium absorption for 2005: 225
Condominium absorption for 2004:
230
Sector A — Downtown (net 0)
Oakton Park :
23/24 sold (22 closed), net 0
Metropolitan of Skokie :
52/61 sold (52 closed), net 0
Residences at 8200
: 28/42 sold (26 closed), net +2
Madison Square
: 16/30 sold (0 closed), net
0.
The Astoria at Main
: 7/18 sold (0 closed), net 0.
Prinmar
Landings:
156 units. No report for March.
12-month
average absorption: 1
(includes Madison Place)
24-month average absorption: 2
(includes Madison Place)
36-month average absorption: 3
(includes Madison Place)
49 units unsold
156 units approved but not on the market
Sector B — Dempster West
(net 0)
Skokie Gardens :
60/70 sold (56 closed, 1 contract occupancy), net 0
12-month
average absorption: -1
24-month average absorption:
0
36-month average absorption:
1
10 units unsold
Sector H — Old Orchard (net
0)
Old Orchard Woods :
408/665 sold (328 closed). As of 12/31/07. Optima has decided not to give
regular updates.
Through December 31, 2007 only
12-month average absorption: 4
24-month average absorption: 8
(includes Siena at Old Orchard)
36-month average absorption: 9
(includes Siena at Old Orchard)
257 units unsold
All New Construction
Condominium Units (Through December 31, 2007)
12-month average absorption: 5
24-month average absorption:
11
36-month average absorption:
14
All New Construction
Condominium Units, without Optima
No Optima — 12-month average absorption: 1
No Optima — 24-month average absorption:
5
No Optima — 36-month average absorption:
7
Townhomes (Total net 0)
Sector A —
Downtown
Residences at 8200 :
1/5 (1 closed), net 0
8038 Floral :
0/4 sold (0 closed), net 0
8 units unsold |
