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Eight of the original 728 apartments have been legally merged into four units, leaving a total of 724 condos. Some other condos have been physically merged, to varying degrees, without being legally merged. [citation needed] Each of the 52 residential floors had an identical layout, originally consisting of 14 units each.
One Magnificent Mile Condominium Association, also known as One Mag Mile or One Magnificent Mile is a mixed-use retail, office and residential skyscraper in downtown Chicago, Illinois. The building was aptly named after its location at the head of the Magnificent Mile shopping corridor immediately adjacent to the exclusive Oak Street shops.
A condominium or "condo" is a form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned. Use of land access to common facilities in the piece such as hallways, heating system, elevators, and exterior areas are executed under legal rights associated with ...
You're planning to purchase a new home, and while browsing online, you've noticed many of the listings you're interested in contain unfamiliar real estate terms. Specifically, you want to learn ...
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents. [1]
However, New York's condominium law was amended in 1997 to allow condominium associations to borrow money. [ 41 ] [ 42 ] The 1974 creation and then subsequent influence on policy by the Urban Homesteading Assistance Board, [ 43 ] a housing advocacy group, which enabled the conversion of over 1,600 foreclosed, city-held rentals into limited ...
Built in 1972, Harbor Point Condominiums is a residential and commercial building in Chicago, Illinois, United States, on Lake Michigan. It was the first original condominium building in the city. [citation needed]
The Chicago Land Clearance Commission was created to acquire real estate and begin land clearance for blighted areas in Hyde Park. One of these areas was Project Hyde Park A, a 42.7-acre (17.3 ha) area of Hyde Park between 57th Street, Kimbark Avenue, 54th Place, and the Illinois Central Railroad right-of-way. A redevelopment plan for this area ...