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From
the West Loop to Avondale,
Dubin does Chicago
Developer David Dubin once focused on the affordable end of the new-homes
market. With projects such as St. Wenceslaus Square, a 54-unit townhouse
development on the Northwest Side, he ventured into neighborhoods
that had seen little new construction, and proved buyers were willing
to go west for value. But with more recent projects such as Plaza
Vista Townhomes, an innovative development in Lakeview with units
priced in the $400s, he also made a name for Dubin Residential in
the luxury market.
Today, Dubins range of projects, from affordable lofts in West
Bucktown, to high-end townhouses in the West Loop, offer a product
type and location for just about every city buyer.
We often have people looking at several of our projects, especially
since we have several townhouse communities right now that cover the
gamut, from the low $200s to almost $600,000, says Len Koenig,
director of sales and marketing for Dubin. So our slogan, Dubin
does the town, refers to the range of neighborhoods and prices we
cover.
Dubins latest neighborhood is the West Loop, where Aberdeen
Terrace, a development of 29 luxury townhouses, stands out. The West
Loop has seen more development and greater appreciation than any neighborhood
in the city during the 90s, but the housing stock is dominated
by high-end lofts and condos. Dubin will be one of the few developers
to offer townhouses there for buyers who want more space.
People who have been in lofts are going to turn them around
and want more space and privacy, Koenig says. People love
that area, the restaurants, the proximity to downtown, the transportation
and convenience.
And if community meetings are any indication, theyll also love
Aberdeen Terrace, at 18 S. Aberdeen.
Its an extremely unique design, Koenig says. There
is a mezzanine terrace, so that on the first level you have garages
facing each other on both sides of a driveway, and over that is a
terrace so everyone has outdoor space on the second level. The alderman
and the community have been oohing and ahing over it.
The creative design by Landon Bone architects will allow buyers to
make use of space most townhouse projects surrender to an ugly, utilitarian
driveway. Visitors will access units through the raised terrace level,
entering through a gate and up a set of stairs on the end of the courtyard.
The units have two or three bedrooms plus dens and family rooms, two-car
garages and three baths. At press time, tentative pricing was from
the upper $400s to the upper $500s.
Theyre phenomenal, Koenig says. They have
rooftop terraces, gas fireplaces, huge gourmet kitchens with double
ovens and separate cooktops, fourth-level family rooms with wet bars,
master baths with soaking tubs and oversized power showers,
with multiple heads.
Aberdeen Terrace is replacing an old manufacturing building that used
to stand on the site. At press time, a sales center was nearly open,
and delivery of units was expected in about a year.
Dubins other current projects include:
- Belmont Place, 1714 W. Belmont. This six-unit townhouse-style
project was built by Dubin as rentals and is now being converted
to condominium ownership.
We built the four-story Belmont Place development three years
ago as an upscale rental investment property, Dubin says.
Now, because of heavy demand for luxury for-sale housing in
Lakeview, we are converting Belmont Place to condominiums.
Each of the three-level townhouse-style condos features two bedrooms,
two baths, a den, a family room and a private deck overlooking the
courtyard. The units include hardwood floors, gas fireplaces, central
air and large galley-style kitchens with granite counters. The ground
floor has commercial space and parking, with the condos on floors
two through four. A sales center is located on site.
- Buck City Lofts, 1740 N. Maplewood. The first phase
of this 79-unit conversion is more than half sold. The hard loft
units include one or two bedrooms, one or two baths, and exposed
brick and beams. Prices range from the $170s, with first occupancy
scheduled for the end of the year.
- The Buck Townes, 1801 N. Rockwell. This 44-unit
townhouse development has 14 units remaining. The three-story units
have two or three bedrooms, two to 2.5 baths and two-car attached
garages. Prices range from the $270s to around $350,000, with late
spring deliveries scheduled for homes closed now.
- Clarksville Station, 3260 N. Clark. This 32-unit
project is a five-story new construction brick building of loft-style
condos in East Lakeview. The units have two bedrooms and two baths,
priced from about the $220s to the $300s.
- The 3500 Club, 3500 W. Belmont. This 35-unit townhouse
project features homes with two bedrooms, two baths and two-car
attached garages. Only six units were left at press time, priced
from the $230s to about $250,000.
Other projects still in the planning stages include a 32-unit condo
conversion and a 26-unit townhouse development, both in East Rogers
Park. More details on these and all of Dubins projects can be
accessed on-line, at www.dubinresidential.com.
Whatever future projects Dubin tackles, affordable or luxury, he says
his philosophy will remain the same.
I buy the land at an affordable price, and because we know construction
and can get efficiency and density, were able to develop a product
that has value, Dubin says. We are not deal makers; weve
blossomed into a full service developer with outstanding marketing,
customer service and construction departments. Weve got an organization
behind us, and when we close a unit, people are happy.
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