Two 20-Story South Loop Condo Projects Total 644,000 Square Feet and 396 Units

CHICAGO, Illinois (October 20, 2005) – Leopardo Construction, a leading construction services firm, today announced it broke ground on Vision on State and will soon top off Lakeside Tower, both of which are 20-story condominium projects in Chicago’s South Loop. The two projects – Vision on State and Lakeside Tower – are poured-in-place concrete structures with a combined size of 644,000 square feet and 396 units.

Located less than one mile apart, both condominiums are steps away from the South Loop’s rapidly expanding restaurant and retail offerings, as well as Grant Park’s southern-most edge, which provides access to Chicago’s museum campus, Soldier Field and the lakefront.

Vision on State Vision on State, located at 1255 S. State Street, is a 20-story, 253-unit condominium totaling 401,000 square feet. The units feature upscale finishes with hardwood floors and granite countertops. Private terraces or balconies are also included. Unit sizes range from 610 to 1,627 square feet with one-, two- or three-bedroom floor plans. Amenities include an on-site fitness center, business center, hospitality room, individual storage units, a bike room and an indoor parking garage that can accommodate approximately 300 automobiles. The street level of Vision on State will feature 14,000 square feet of retail space. Leopardo Construction is general contractor. 13^th & State LLC is the developer of the project with Pappageorge/Haymes providing architectural services. Construction will be completed July of 2007.

Lakeside Tower, located at 1600 S. Indiana Avenue, is a 20-story, 143-unit condominium totaling 243,000 square feet. The units feature upscale finishes with hardwood floors and granite countertops. Private terraces or balconies are also included.

Unit sizes range from 683 to 1630 square feet with one- or two-bedroom floor plans. Amenities include a fully-equipped fitness center, an outdoor landscaped plaza with terrace, grilling area, spacious sunning deck and a 163-space indoor parking garage. The project will also feature a contemporary façade with floor-to-ceiling windows and 10-foot ceiling heights throughout. The street level of Lakeside Tower will feature 4,300 square feet of retail space.

Leopardo Construction is construction manager. 1600 Lakeside LLC is the developer of the project with Hartshorne and Plunkard providing architectural services. Ground was broken in February of 2005, topping off will take place in late November and construction will be completed in August of 2006.