Demand for smaller, more affordable units has spurred some changes at the planned Elmwood Village Condos project on W. Utica Street. Developers Paul Johnson, Karl Frizlen and Michael Ferdman are shrinking the size of units on the building’s first floor. Instead of four, two-bedroom, two-bath units, the developer is now offering a mix of six smaller one and two-bedroom plans with lower prices. The development’s fourteen units are being marketed by Maureen Flavin and Ellen Warner of Realty USA.
Prices now start at $230,623 for a one-bedroom, one and a half-bath unit with 1093 sq.ft. of living space. Two-bedroom, two-bath units range from 1300 to 1408 sq.ft. and are priced from $274,300. Association fees will start at $151/month. Under previous plans, the building offered twelve units, the smallest being a two-bedroom, 1890 sq.ft. floor plan priced at $380,000.
“We have changed the layout for the units planned on the first level,” says sales agent Ellen Warner. “In our preliminary marketing, there were several potential buyers who expressed a desire for smaller units. We are being responsive to the market. They will be smaller units, thus more affordable, yet will offer the same level of finishes that the larger units in the building contain.”
Homes are decidedly upscale with fireplaces, hardwood floors, radiant floor heating, master suite with walk-in closet, Jacuzzi tub, kitchen with granite countertops and breakfast bar, dining area, in-unit laundry, and central air. All units will have either a balcony or patio and secure underground parking.
Customization is available. Unit 104 (floorplan below) is one of the largest units on the first floor. “It shows exterior space along the entire back of the unit. This unit has two bedrooms and two bathrooms,” says Warner. “Because people will be able to modify their space, within constraints, they may choose to make the second bedroom into a den or office. It is an opportunity for folks to be creative with their living spaces.”
The project is targeting professionals and empty nesters who are eager for new, “green” construction in a carefree, low-rise lifestyle just steps from Elmwood Avenue.
Construction will start when seven units are sold. To date, three units are under contract (purchase agreement with deposit). All three are the large, two-level units on the third floor featuring a loft area and terrace, three bedrooms, and three and a half baths. The final two-story unit with 2,588 sq.ft. is priced at $546,600. Three-bedroom units on the second floor start at $437,400.
Get Connected: Maureen Flavin, 716.743.6469; Ellen Warner, 716.725.1410
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