Developers seek bulk sale at South Loop condo project

    Three local developers who converted the home of a historic record label into 119 condominiums are counting on a real estate broker to solve their South Loop development blues.

    William Warman, Thomas DiPiazza and Richard Ferro have hired the Kiser Group to sell 31 unsold units in the Chess Lofts, 320 E. 21st St., a redevelopment of Chess Records, which counted Muddy Waters, Chuck Berry and Howlin’ Wolf as artists. The asking price for the bulk sale is $5.5 million, or about $177,000 per unit.

    Read more in Crain’s Chicago Business.

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