Wilmette Condominium Community Succeeds in Lowering Age Limit to 55

October 07, 2010 / Russell Legato, Residential Property Analyst

A Wilmette Condominium Community, Mallinckrodt in the Park has successfully won the consent to lower the age restriction of potential buyers from 62 years old to 55 years old from the Village of Wilmette Board of Trustees. The petition is projected by Mallinckrodt Renaissance LLC, and is supported by other homeowners at the property, as well as the Park Condominium Association.

Wilmette Condominium Community Succeeds in Lowering Age Limit to 55

Mallinckrodt Renaissance LLC have effectively lowered the age-requisite for the condominium potential buyers as an answer to importance of the North Shore’s younger and active buyers, particularly those who are in the pre-retirement stage.

Reuben Warshawsky, the Manager of Mallinckrodt Renaissance LLC and President of Chord Realty Group said his company is confident that the younger age limit will catch the attention of a new group of potential buyers for their condominium, because there are only few choices that offers the luxury and the style of living Mallinckrodt in the Park has to offer to homebuyers, especially on the North Shore.

According to the manager of Mallinckrodt Renaissance LLC and Managing Director of Long Grove Capital, David Rosen, the company is targeting new steps like new prices and new marketing strategies.

The remaining 22 units at Mallinckrodt in the Park are to be sold by Mallinckrodt Renaissance LLC. The condominium community is set on a 14-acre landscaped park, and is located at 1041 Ridge Road, around north of Lake Avenue.

According to Warshawsky, the new lower age limit is set to take effect immediately at the Mallinckrodt in the Park.

A condominium unit’s price ranges from $235,000 to $750,000 with heated parking space included in the deal with a title deed.

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