Grand Plaza Penthouse News

Grand Plaza Reaches for the Sky with New Penthouses

CHICAGO, IL, January 31 - Rising thirty-two through thirty-seven stories in the air, the penthouses at Grand Plaza tower above Chicago-but that's not all. Developer Jaeger Equities, Ltd also believes that the penthouses (part of its Residences at Grand Plaza condominium development) tower above the fray. "Our luxurious two-and-three bedroom, one-and two-story homes are designed for an affluent demographic, said project director Ginny Kronsted, who was unveiling the grand opening of the Grand Plaza penthouses.

Buy Now to "Evade" New Chicago Real Estate Tax

CHICAGO, IL, February 12 - April Fool's Day will be no joke for homebuyers in Chicago. That's the date-April 1-when the city's real estate transfer tax will soar from $7.50 per $1,000 of the sales price to $10.50 per $1,000. The buyer of a $400,000 home would thus face a tax increase of $1,200 (for a total of $4,200 due at closing). For an upscale buyer of a $1.2 million home, the rise would amount to a hefty $3,600 ($12,600 due at closing). What's the serious buyer to do-just grin and bear this new cost?

Jaeger Equities Unveils New Penthouse

Jaeger Equities, Ltd., a luxury residential developer, is launching their newest endeavor, The Penthouse Collection at Grand Plaza. This new phase of the building comes on the heels of a successful sell out of the lower floors and has reenergized the building as it prepares for their final sell out.

Statement to Press Regarding Grand Plaza and Terrapin Properties

Terrapin Properties no longer has any financial, managerial or sales interest in Grand Plaza. The Grand Plaza project, including The Penthouse Collection, is and will continue to be unaffected by any trouble the previous developer experiences.