Real estate news & trends
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David Nadler of City Ranch Real Estate is a staunch proponent of the notion that condo and townhome rentals are value-priced in comparison to rental apartment buildings. I asked David for some recent examples, and he sent along a half-dozen, ranging from a studio at Sandburg Village to Lincoln Park ...
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Posted by Joe Zekas on May 25, 2012
Credit David Greising at the now-defunct Chicago News Cooperative for the “fake no little plans” take on British developer Bill Davies’ proposals for the Old Post Office. We’ve previously contrasted Greising’s reality-based approach to the development with the Trib’s Blair Kamin’s taking it somewhat seriously, and suggested the project reeks ...
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Posted by Joe Zekas on May 25, 2012
Memorial Day Weekend is a great time to sample the zeitgeist of the North Shore, whether you’re doing so on the beach or at one of the parades or other events that mark a day of solemn remembrance. You’ll find that the North Shore communities vary markedly in their approach ...
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Posted by Joe Zekas on May 25, 2012
The homes at Ambry Estates are just minutes from I-394 in Lynwood and nestled within an established neighborhood set against the backdrop of mature forest preserve land. Jan Scott of J. Lawrence Homes presents this tour of a newly built home at Ambry Estates in Lynwood, IL. This 2-story home ...
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Posted by sponsored post on May 24, 2012
K2 at K Station is a 496-unit 34-story apartment tower that’s under construction in Chicago’s Fulton River District. McHugh Construction Project Engineer Owen Smith showed me around the site yesterday, starting at ground level and ending on the 13th floor, which is partially complete. From the 9th floor on we ...
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Posted by Joe Zekas on May 24, 2012
Optima Center, 200 E Illinois in Streeterville, has risen to two stories above the upper-level of Illinois Street. When complete the 325-unit building will be 42 stories tall. The building in the background at the right of the photo is the new Ronald McDonald House. Optima Center is a project ...
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Posted by Joe Zekas on May 24, 2012
The 500-unit apartment tower under construction at 500 N Lake Shore Dr in Streeterville is more than halfway toward its 45-story height. In the picture above the building is framed by the RiverView Condominiums, 415 and 445 E North Water St. When complete, the building will include a 30,000 square ...
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Posted by Joe Zekas on May 24, 2012
Bits of the façade are nearly all that’s left of the Mexican restaurant and rent-a-car outlet that formerly operated at 73 E Lake St in the Loop, and they’re being pulverized, bit by bit. M&R Development anticipates locking down construction financing shortly for a 42-story, 336-unit apartment tower on the ...
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Posted by Joe Zekas on May 24, 2012
When I visited K2 at K Station earlier today approximately 150 workers from various trades were busy assembling plumbing fittings, installing electrical equipment and windows, assembling and disassembling forms, pouring and finishing concrete – and engaged in a variety of other activities on the 496-unit 34-story apartment tower. In the ...
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Posted by Joe Zekas on May 23, 2012
The honking RENT NOW! sign for SoNo East apartments, 840 W Blackhawk St, is atop SoNo West. It’s hard to miss even from points that are miles away. Below are some recent shots from 1157 W Diversey, 629 W Deming and 2850 N Sheridan. The on-site signage is even more ...
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Posted by Joe Zekas on May 23, 2012
The 43-story tower at 360 West Hubbard is just coming out of the ground in River North. It won’t be long before it obscures the south-facing views from the Sexton Lofts, 360 W Illinois. When it’s complete, 360 West Hubbard will include 450 apartments and an extensive 9th-floor amenity level ...
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Posted by Joe Zekas on May 23, 2012
The Coast, 345 E Wacker Dr, is about two-thirds of the way toward its ultimate 49-story height. It appears to be on track to meet its targeted completion date of February 2013. When it’s complete, The Coast will include 499 apartments, 18,000 square feet of retail space, 18,000 square feet ...
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Posted by Joe Zekas on May 23, 2012
The 3-bedroom, 2-bath home at 3134 S Union in Bridgeport has been extensively renovated and reconfigured by its owner-architect. It’s listed for sale at $429,000. The showplace kitchen has an 18-foot long quartz island, high-end appliances and a wall of glass opening to an entertainment-centric back yard. There’s also a ...
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Posted by sponsored post on May 22, 2012
A few days ago the multi-year reconstruction of Congress Parkway and Wacker Drive passed a major milestone with the opening of all lanes on Congress to traffic. When the project is completed later this year there will be three acres of new parkland flanking Congress, which is the major artery ...
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Posted by sponsored post on May 22, 2012
Colleen McIntyre, the property manager at Park Michigan Apartments in the South Loop, has more than 20 years’ experience managing commercial and residential properties. Among her other duties she’s currently overseeing a major upgrading of Park Michigan’s common areas and amenities. The property manager at a major Chicago high-rise has ...
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Posted by sponsored post on May 22, 2012
The 6,300 square foot single-family greystone at 48 E Cedar St in the Gold Coast was completely reconstructed two years ago. The 3-story plus lower-level home has 5 bedrooms, 5 full and two half baths, a library, a media room, a Christopher Peacock kitchen and all the features you’d expect ...
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Posted by sponsored post on May 21, 2012
Five years ago we reported that a development called The Terrace was offering 24 3-bedroom, 2 ½ bath condos in four 6-flats at 3917 – 3935 N Kedzie Ave in Irving Park. One building was said to be complete, and the others “in various stages of construction.” Six weeks later ...
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Posted by Joe Zekas on May 21, 2012
This high-ceilinged 2-bedroom, 2-bath corner loft floods with light through large windows facing south and east. The 1,600 square foot condo home has recently been renovated with a new kitchen, refinished hardwood floors, a new washer / dryer and air-conditioning. It’s priced at $339,000. The highlight of this loft is ...
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Posted by sponsored post on May 21, 2012
All the media hubbub attending Michael Jordan’s offering his Highland Park home for sale for $29 million doesn’t seem to have boosted property values or sales velocity in the Architecture Point subdivision in which is home is located. Five of the 8 parcels in the subdivision are currently on the ...
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Posted by Joe Zekas on May 21, 2012
The question of dead pigeons is addressed in a current post at Atlantic Cities. Short answer: dead pigeons are tasty treats for many predators. And baby pigeons? A Straight Dope reader offered a reprise of a National Lampoon riff: Re your recent comment on baby pigeons: don’t be fooled by ...
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Posted by Joe Zekas on May 21, 2012
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