We have appraised
the majority of newly constructed and converted condominium developments
in Chicago. We also have extensive experience in Boston, New
York, New Jersey, Mrytle Beach and Florida (the entire eastern
seaboard) as well as throughout the Midwest including Detroit,
Indianapolis, Louisville, Milwaukee and Minneapolis.
The above list includes projects in the greater downtown Chicago
market which either began or are in the planning stage of
construction/conversion since 1990. The sheer number of projects
Appraisal Research Counselors has been involved with prior to
1990 is even greater. Notable buildings from that time period
include
Sandburg Village, Lake Point Tower, Newberry Plaza, 680 Lake
Shore Drive and a host of properties along North Lake Shore Drive
and Sheridan
Road.
In addition to our Chicago experience, the firm has completed numerous
projects across the country including 900 Park Avenue and The Tower
at the Museum of Modern Art in New York, Society Hill Towers in Philadelphia,
The Barclay at Buckhead in Atlanta,
and a number of buildings along
Galt Ocean Drive in Ft. Lauderdale.
The scope of work ranges from site and building plan consultations (floor plan
reviews, price point targets, et al) at project inception to market and feasibility
studies to comprehensive appraisals for both debt and equity lenders. Because
of the number projects we have been retained for in the greater downtown Chicago
market, we developed The Residential Benchmark Report which delineates rent and
occupancy trends (including absorption for new developments) for all the major
buildings along with expense summaries and a synopsis of all major projects being
considered for development. More information on the Benchmark can be obtained
on our website.
Properties appraised