UPDATE: The 2 Year Money Back Guarantee has expired on The Lofts at 1800, but is still available at the remaining lofts at Renaissance Lofts.

For a limited time, Kopley Group is offering an two-year buyback incentive on two of its developments: Renaissance Lofts in Chicago’s Rogers Park neighborhood, and Lofts at 1800, at 1800 W. Grace St., Chicago. The program offers to buy back a residence at the price paid if the buyer wishes to sell for any reason within 24 months of closing.

Renaissance Lofts is a 37-unit project in a rehabbed depression-era building at 1791 W. Howard St., near the Evanston border. Most of the units are complete and ready for move-in. Buyers still have an opportunity to select kitchen and bathroom finishes in top-floor residences.

One-bedroom plans are priced from $165,000 and two-bedrooms from $229,900. They range from 750 to 1,250 square feet. For information, call 773-508-1791 or visit Renaissance-Lofts.com.

What’s keeping people from buying homes right now? Are they worried that a property’s value will drop after they buy it? Or are they wondering what will happen to the economy when we have a new president? Or maybe they are scared that if they buy a condo, they won’t be allowed to swim naked in the pool? For each of these concerns, there is a wily developer with a sales strategy designed to counter it.

One legitimate worry for homebuyers is that, with real-estate values dropping, they might pay more now for a place that will be worth less later. The latest figures from the highly regarded Case-Schiller index, released yesterday, show that in May, Chicago home prices were down 9.4 percent from a year ago. The latest forecast from the Illinois Association of Realtors, which came out July 16th, states flatly that “median prices will trend downward in the next three months (July, August and September) with declines of 5-6% per month in Illinois and 3-4% in Chicago.”

The developer Nick Kopley wants to allay those fears at his North Side condominium project. That’s why he is offering potential buyers a full-price buyback program. If, within two years of their purchase, buyers want to hand the property back to him, they will get a full refund on their original purchase price. “It’s absolute, no questions asked,” says Kopley. “I don’t care why you’re not satisfied—we’ll buy it back.”

Kopley is offering the deal on the 15 remaining condos at Renaissance Lofts in the former Pivot Point beauty school building on Howard Street in Rogers Park. For now, he is also offering the same deal on the next ten condos sold at the Lofts at 1800, which are situated in the former E. R. Moore cap and gown factory on Grace Street in Lake View. “We believe our risk is not that significant,” Kopley says. “We think we’re priced correctly and our buyers are going to be very happy with what they get.”

UPDATE: The 2 Year Money Back Guarantee has sold-out on the 10 units at The Lofts at 1800, but is still available at the remaining lofts at Renaissance Lofts.

The Renaissance building would seem to present the greater risk. While the old Moore factory is in a desirable neighborhood (between the super-hot Roscoe Village and North Center neighborhoods), the Renaissance, at Howard and Clark streets, is at the far northern tip of Rogers Park, near some of that neighborhood’s toughest areas.

But Kopley knows that community well—he says that the Kopley Group, a branch of his company, is the landlord for about 600 apartments in Rogers Park and some 400 more units in other North Side lakefront neighborhoods—and he is confident that the Renaissance neighborhood is on its way up. There is a new apartment high-rise across the street in Evanston, a rebuilt El station pending a few blocks east, and significantly higher condo prices just five minutes’ drive north in downtown Evanston. “We’re in a market right now that has not seen price increases,” he says, “but we believe the people who buy here are going to see significant appreciation in the next couple of years.”

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On of the best things about living in the Sheridan Court Apartments is the onsite location of RoPa Restaurant. The Mediterranean-influenced modern American restaurant and wine bar, is named for the Rogers Park neighborhood in which it resides. Offering a broad menu includes everything from appetizers, salads and sandwiches, to pasta, seafood, steak and chops – fine dining is literally at your front door!

Open for Dinner at 5:00 p.m.
Private Party Rooms: 15 to 100 People

Daily Specials:
Mondays: Sangria Night $11 Pitcher
Tuesdays: Martini Night $4 Well Martinis
Wednesdays: ½ Price Bottles of Wines (Glass pour list only)

1146 W. Pratt Blvd. – 773 508 0002
Website: RoPaRestaurant.com

CHICAGO (MAY 26, 2008) — The Kopley Group announced a ground breaking
program in residential real estate: A No Questions Asked, 2 Year Price Buy–Back Guarantee, at their Renaissance Lofts located in Chicago, Illinois. The company will buy back lofts sold now, at the price buyers paid for them, if the new owners have a change of heart, any time during that period. It is not necessary for the new owners to provide a reason.

One half of the 37 Renaissance Lofts, in the historic 1920’s building located at 1791 West Howard, have already sold and closed. The first units were finished in December of 2007 and closing started then.

The remaining units, ranging in price from $186,000- $299,000, will be completed in the next 6 months.

“We feel confidant buyers will love their homes at Renaissance Lofts. That’s why we can make this Guarantee. This 1920’s building is unlike anything you will see on the market today. I walked into the lobby and bought the building. And, I know that anyone who sees it will have the same reaction. The lobby, the price and the finishes we are offering, make this the perfect place to buy. We are still finishing the lofts and already have sold half of them,” said K. Nicholas Kopley, president and owner of The Kopley Group.

K. Nicholas Kopley has demonstrated this creative flair, and remarkable success, in the automotive industry as well. In only a three-year period, Kopley turned a dilapidated used car lot in Birmingham, Alabama into the seventh most successful Suzuki dealership in the nation. .

The nationwide multi-faceted company, The Kopley Group, has established an outstanding track record in diverse industries including: residential rental and new construction real estate projects, construction, brokerage, venture capital, automotive sales and banking. Division Projects include:

Residential Rental Real Estate:
Ownership and Management of over 100 Million Dollars in Residential Rental Real Estate Property.

Sheridan Edgewater Apartments – 5200 North Sheridan Road, Chicago
Sheridan Court Apartments – 6807 North Sheridan Road, Chicago
Clarendon Court – 4500 North Clarendon, Chicago
Glenwood Apartments – 6701 North Glenwood, Chicago
Greenleaf Apartments – 1233 West Greenleaf, Chicago
Estes-Paulina Apartments – 1701 West Estes, Chicago
Lunt Apartments – 1135 West Lunt, Chicago
3110 North Racine – 3110 North Racine, Chicago
1104 West Wellington – 1104 West Wellington, Chicago
1343 West George – 1343 West George, Chicago
Oak Tree Village – 1471-1485 Foster Avenue, Evanston
Oak Tree Village – 1450-1478 Simpson Avenue, Evanston

Residential Loft Sales Projects:
Renaissance Lofts – 1791 West Howard Street, Chicago, IL
37 Lofts in the former depression-era, ornate, medical offices building at 1791 West Howard.

The Lofts at 1800 – 1800 West Grace Street, Chicago, IL
91 Loft Units in a former cap-and-gown factory located at 1800 West Grace, near Chicago’s Wrigley Field. The Building has both Timber and Concrete Lofts ranging in price from $263,900 – $765,000 for 1, 2 and 3 bedroom units.

Automotive Sales:
Birmingham Suzuki – Birmingham, Alabama
Anniston Suzuki – Anniston, Alabama

The Venture Capital Division:
Big Blue Financial, LLC – – Chicago, IL
Syndicates, owns, operates and manages successful residential and commercial real estate across the nation.

Construction:
Axios – Chicago, IL
The Construction Division of The Kopley Group, manages the renovation and construction of all company holdings, including both new-development and rental property.

Real Estate Brokerage:
Kopley Partners, LLC – Chicago, IL
The newly created real estate brokerage division manages marketing for all of The Kopley Group properties.

The Sales Center, for Renaissance Lofts, is located at 1791 West Howard in Chicago, Ill. The Sales Center number is: 773 508-1791. www.Renaissance-Lofts.com.

PRESS CONTACT:
Lynne Jackson
Senior Vice President/ Strategic Planning
The Kopley Group
Cell: 773.412.3904
E-mail: ljackson(at)kopleygroup.com