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Marlborough Bought For $13m, What’s Up Now?

December 28, 2010 By 7 Comments

A reader wonders what is up with the Marlborough?

284329666 coZ87 S Marlborough Bought For $13m, Whats Up Now?

After a big launch party touting Live Historic’s conversion of the project to condos, reverting back to apartments after poor sales, it was foreclosed upon in February 2009 for defaulting on $19 million in debt to Chinatrust Bank, to be bought back for $18 million in June 2009 b Chinatrust Bank. Chinatrust then unloaded it for $13m to HF MARLBOROUGH HOUSE LLC in September of this year. This LLC appears to have ties to Equity Lifestyle, a publicly traded real estate investment trust out of Chicago.

And now there appears to be some activity going on:

Heard anything about what’s going on at The Marlborough on Boren and Seneca?

It’s having its front re-done and there’s some activity going on in the last couple of weeks after a few years of closure. Any word about what’s up?

My guess is that they’re prepping to bring these to market as apartments.

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Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • John

    These are now apartments and will be coming to market within the next two weeks.

  • John

    These are now apartments and will be coming to market within the next two weeks.

  • vmus

    Trinity real estate in Seattle partnered with Helix out of Chicago. The project had damage from neglect during its foreclosure phase. The project was about 75% complete (interiors). Now its being completed by Shilshole Construction. They are reportedly going to be offered as very nice rental units in a few months.

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  • Roy Williams

    This is a shame, I used to live in the largest unit in that building and it was something really special (2400 sqft, views from all 3 sides of the building, sub zero fridge, butler’s pantry, wine closet, 3bd/3bath). I’d still be living there to this day if they hadn’t tried to convert it to Condos.

  • Desmond

    Rental website up now:
    http://www.eliterenting.com/community.php5?z=35734
    Apparently these are “luxury” apartments…2 BRs start at $3385 per month.