Building on a successful alliance that has resulted in more than 65 condominium sales in the past two months at 565 W. Quincy, Belgravia Realty Group and @properties announced they are teaming up again to sell the remaining Chicago townhomes at Union Row on the city’s Near South Side.

Read the announcement here.

Union Row is located on West 16th Street just south of Roosevelt Road, between Halsted and Canal. It is adjacent to University Village and the Pilsen neighborhood. The development features a total of 35 residences, only five of which remain. The four-story Chicago townhomes offer 3 to 4 bedrooms, 3 to 4.5 baths, 2,460 to 2,901 square feet, and attached, heated two-car garages. Prices recently were reduced by as much as $200,000 and are now at $374,900 for a 3-bedroom, 2.5-bath home; $429,900 for a 3-bedroom, 3-bath home; and $499,900 for a 4-bedroom, 4-bath home.

Union Row is developed by 16th & Union, LLC, which is managed by Belgravia Group, Ltd., one of Chicago’s most experienced and respected homebuilders. @properties is the #1real estate brokerage firm in Chicago as well as the city’s #1 seller of new-construction and condominium-conversion developments. The marketing alliance was announced by Belgravia president and CEO Alan D. Lev and @properties’ co-founders Michael Golden and Thaddeus Wong. The two companies recently joined forces on another Belgravia-managed development, 565 W. Quincy in the West Loop, where buyers have snapped up almost 70 condominiums in the past eight weeks.

“Major price reductions, the Federal Homebuyer Tax Credit, sub-5-percent interest rates and the availability of FHA financing have created incredible buzz and momentum,” said Lev. “We saw it at 565 W. Quincy, and we’re seeing it at Union Row. The sense of urgency is real because the value is real. Since we dropped the prices, 12 homes have gone under contract.”

“The fact that you can buy a new townhome for between $400,000 and $500,000, just five minutes from the Loop and built by one of Chicago’s premier homebuilders is unbelievable,” said Wong.

“We expect Union Row to sell out prior to the April 30 tax credit deadline as opportunistic buyers take advantage of below-market prices,” added Golden.