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Two Terrestris Development communities, Hilldale Green in Hoffman Estates and Victoria Meadows in Oswego, are offering closeout incentives.

Hilldale Green, an 86-home community, has two vacant home sites and four spec homes available for sale.

The spec homes are available for immediate occupancy and have been discounted by as much as $11,199 from original pricing.

They include the Oxford, a 2,110-square-foot ranch, priced at $294,400; the Manchester, a 2,214-square-foot two-story, priced at $299,200; and the Chelsea, a 2,560-square-foot two-story with four bedrooms, priced at $340,300.

At Victoria Meadows, a community of 116 duplex homes, seven homes remain for sale–three models and four spec homes, the latter ranging in size from 1,733 to 2,107 square feet and priced from $117,510.

Hilldale Green is located at Higgins Road and Huntington Boulevard, next to the Hilldale Golf Club in Hoffman Estates.

Victoria Meadows is at Odgen Avenue (Illinois Highway 34) and Douglas Road in Oswego.

– A three-bedroom, three-bath 42nd-floor condominium in Lake Point Tower will be offered for auction by Sheldon Good & Co. at 7:30 p.m. Thursday, Oct. 16, at the Chicago O’Hare Marriott, 8535 W. Higgins Road.

The 3,600-square-foot condo, at 505 N. Lake Shore Drive in Chicago, has a fireplace, marble and hardwood floors and a whirlpool in the master suite.

The property will be sold without reserve, subject to approval of Cook County Circuit Court.

Open houses will be held from 1 to 3 p.m. Oct. 4 and 12.

– Pre-construction sales have begun at the Beacon Lofts, a 48-unit condominium development at 927 W. Adams St., on Chicago’s Near West Side.

Brick and steel-framed construction at the Oculus Development Corp. project provides up to 18 feet of ceiling height, allowing construction of mezzanine levels overlooking the main living area.

Fourteen-foot-tall window walls lead to private balconies or terraces.

Base prices range fom $108,900 to $141,000 for one-bedroom units and $181,900 to $231,900 for two-bedroom layouts. Penthouse residences start at $239,900.

There will be nine one-bedroom, one-bath units with 970 to 1,091 square feet; three one-bedroom and den, one-bath units with 1,324 square feet; and 36 two-bedroom, two-bath layouts, most with mezzanine levels and approximately 1,340 to 1,863 square feet.

There will be seven new-construction penthouse units on the roof of an existing two-story building. There also will be eight third-floor “cathedral residences” featuring a mezzanine master bedroom with a loft ceiling.

All residences will feature hardwood floors in the foyer, living and dining rooms and kitchen, individual balconies or private patios per plan, track light in the living room and kitchen and individual washer/dryer hookups.

Baths feature ceramic tile floors and shower surrounds, and five-foot soaking tubs. Each two-bedroom unit will have a marble floor in the master bath and granite countertops and island in the kitchen as standard features.

The development also will feature an Internet connection for residents, on-site storage and fully equipped exercise. Outdoor parking spaces are $9,800 and indoor, $16,800.

The sales center is open 1 to 4 p.m weekends.

Jameson Realty Group is exclusive marketing agent.

– Four models are scheduled to debut this weekend at Zale Homes’ Muirfield Village in Gregg’s Landing.

Zale is master developer of the 1,100-acre golf course community in Vernon Hills.

The models–all two-story plans–are: the Carrington, with 3,253 square feet and priced from $331,700; the Waldorf, with 3,583 square feet, priced from $346,700; the Driscoll, 3,692 square feet, priced from $356,300; and the Baxter, which will be shown unfurnished, with 3,100 square feet and priced from $328,300.

A total of nine plans are featured at the 131-home, single-family community ranging in size from 2,689 to 3,700 square feet and priced from $297,700 to $356,300.

To visit, take Butterfield Road one mile north of Townline Road (Illinois Highway 60) to the Gregg’s Landing entrance.

Follow the signs to Muirfield Village sales center, which is open 10 a.m. to 6 p.m. daily.

– Eighteen floor plans are being offered at Olympia Lofts in the Greektown neighborhood on Chicago’s Near West Side.

Three of those plans are especially suited to young professionals, according to Joseph Freed Homes, co-developer with Centrum Properties Inc.

The trio of one-bedroom-plus-den plans range in size from 886 to 960 square feet with pre-construciton prices ranging from $128,900 to $148,900.

The seven-story former garment factory at 843 W. Adams St. offers 66 one- and two-bedroom loft condo plans and a small selection of duplex units.

In addition to the three one-bedroom-plus-den plans there are three styles of one-bedroom, one-bath plans ranging in size from 842 to 905 square feet and priced from $114,900 to $137,900; five two-bedroom, one-bath designs ranging from 1,118 to 1,145 square feet and priced from $146,900 to $169,900; two two-bedroom, two-bath lofts with 1,400 square feet priced from $195,900 to $219,900; and seven penthouse duplexes with roof decks with 1,246 to 1,544 square feet and priced from $223,900 to $266,900.

The on-site sales office is open 11 a.m. to 6 p.m. weekdays and 11 a.m. to 5 p.m. weekends.

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Send items for consideration for Subdivision notes to: Seka P. Palikuca, c/o Chicago Tribune, 4th Floor, 435 N. Michigan Ave., Chicago, Ill. 60611.