See it: Remodeled Elmhurst co-op The Continental Park selling fast

Demand is high for remodeled luxury co-op apartments in The Continental Park building in Elmhurst, which opened for sales in October.

Thirty of the 79 renovated units are already in contract after just six weeks, according to representatives of the building, although construction on the property won’t be completed until next year.

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The speed of the sales reflects a demand for spacious units in high-traffic areas, according to project manager Meredith Fisher Maltby. Also, with some 500-square-foot studios starting around $200,000, and 1,200-square-foot three-bedrooms at just over $500,000, the price is very attractive to residents when compared to other neighborhoods. However, there are no more one- or three-bedroom units remaining for sale.

Two-bedrooms, which range from approximately 830 square feet to more than 1,050 square feet, start from $347,500. All home sizes will feature full kitchens, and many of the residences have large private outdoor terraces and washer and dryer hook-ups.

The six-story building, originally known as The Continental, opened in the 1960s as a rental building with 153 units. Some units became co-ops in the ’80s, and there are still a number of rent stabilized apartments throughout the building.

A team of real estate investors, including Myles Horn, ABC Properties and Fisher Associates, bought 79 unsold units throughout the building last year for $8.5 million, and a portion of the money is being used to renovate the building’s common areas.

There will be a new private park, a playground, a redesigned lobby and entrance, a community room for tenants, a gym and a new recreation room. The hallways are also being redone for the building.

Representatives said they expect tenants to move into some completed units by February, but the full renovation will be completed by the summer.