Real estate news & trends
Latest news from YoChicago
The Chicago Plan Commission yesterday approved construction of a new 33-story, 290-unit apartment tower with ground-floor retail space at the northeast corner of Chicago and LaSalle. Smithfield Properties is the developer. The next step for the project is approval by the full City Council. ADDED: Adam Berkelhamer of Berkelhamer Architects ...
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Posted by Joe Zekas on May 17, 2013
The modern home at 6435 Indianhead Trail in Indian Head Park is filled with surprises. It’s no surprise that the corner lot and large windows on all sides of the home flood it with light. What is surprising for a modern home is the size of the rooms, the sheer ...
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Posted by Joe Zekas on May 17, 2013
If you’re looking to rent an apartment in River North, you can see all of your managed apartment building options on YoChicago’s availability list, below. Apart from the new buildings, there are currently only twelve large apartment complexes in River North, and we’ve listed all of them in this Google ...
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Posted by Joe Zekas on May 17, 2013
Three of the dozens of new apartment projects in downtown Chicago are visible in the above view. The building with the recessed balconies and construction elevator to the left of center is AMLI River North. The 50-story, 409-unit tower is currently leasing apartments for “summer 2013″ occupancy. Hubbard Place is ...
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Posted by Joe Zekas on May 17, 2013
Late yesterday afternoon I visited the roof of Kingsbury Plaza, 520 N Kingsbury St in River North. The views in all directions from a height of 455 feet are attention-grabbing, and likely to be compelling from lower floors also, given the unbroken vistas afforded by the building’s riverfront site adjacent ...
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Posted by Joe Zekas on May 16, 2013
Three-bedroom apartments, if you’ve been scanning this feature from week to week, have been unavailable before now. Several 3-bedrooms just hit the market for July occupancy. If you’re looking to rent a 3-bedroom, it’s probably a good idea to act quickly. If you’re looking to rent in the South Loop, ...
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Posted by Joe Zekas on May 16, 2013
The following market update arrived via a news release from RE/MAX Northern Illinois: After months of making steady progress, the housing recovery in the seven-county metropolitan Chicago real estate market kicked into a higher gear in April, according to an analysis by RE/MAX. Compared to the previous April, total sales ...
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Posted by Joe Zekas on May 16, 2013
From a RealtyTrac news release: An exclusive RealtyTrac housing market analysis of building permit data recently released by the U.S. Department of HUD for the first quarter, comparing it to foreclosure starts for the same time period at the national, state and city level, found the following: Nationwide single family ...
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Posted by Joe Zekas on May 16, 2013
Most Chicago high-rises are built on tight sites that impose stringent demands on construction staging. Materials are typically delivered on a just-in-time basis that affords spectators few opportunities to gape at the wide variety of substructures and assemblies that come together in a sleek, simple-appearing finished building. When it’s complete ...
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Posted by Joe Zekas on May 15, 2013
William “The Refrigerator” Perry, a/k/a The Fridge, has an irreplaceable spot in the hearts of Bear fans of a certain age. Some of the wags at the SkyscraperPage forum have noted a resemblance between the new Optima Center and a giant refrigerator and dubbed the building “Da Fridge.” Another commenter ...
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Posted by Joe Zekas on May 15, 2013
The one- and two-bedroom vintage apartments at 618 Hinman in Evanston have been renovated but retain many of their original vintage touches, including hardwood floors, large sun rooms, decorative fireplaces and complex crown and baseboard moldings. The floor plans are unusually spacious, and individual rooms are large enough to accommodate ...
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Posted by Joe Zekas on May 15, 2013
Late last week YoChicago’s primary YouTube channel passed the 3 million view mark for its more than 2,300 videos. The next milestone we’re closing in on is 2,000 subscribers. Check out other real estate video sites and you’ll see that ours generates far more views. Our most popular video, viewed ...
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Posted by Joe Zekas on May 15, 2013
Late last week Crain’s Chicago Real Estate Daily reported that the developer of the former Lakeshore Athletic Club at 850 N Lake Shore Dr had secured an $80 million construction loan to complete the conversion of the building to 200 rental apartments. The Crain’s report contained a major surprise: “The ...
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Posted by Joe Zekas on May 14, 2013
Three furnished models from Adrian Smith + Gordon Gill were part of the recent 7-model Designer Showcase at K2 Apartments. Several of the models were pop-ups that were dismantled immediately after the event, but the Smith + Gill models are, to the good fortune of design lovers, permanent. Each of ...
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Posted by sponsored post on May 14, 2013
You can time-travel back to the frothy days of the mid-00s if you want to find condo projects selling out prior to their beginning to rise out of the ground. Or you can head for Adams and Aberdeen in the West Loop, where demolition of an existing structure has just ...
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Posted by Joe Zekas on May 14, 2013
Townhome developments are a major presence in Lincoln Park, more so than in any other Chicago neighborhood. The popularity of the neighborhood, together with its relatively low-density zoning, spurred strong demand for more alternatives to pricey single-family homes. The townhome boom that began in the 60s came to a virtual ...
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Posted by sponsored post on May 14, 2013
Exactly five years ago today we checked up on the construction status of Mondial, a new condominium project then underway at 900 W Huron in River West, and found it approximately half complete. Mondial ran head-on into a tough condo market. Sales stalled and the original developer pulled the units ...
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Posted by Joe Zekas on May 13, 2013
The recent K2 Apartments Designer Showcase featured seven models from Chicago designers Morgante Wilson Architects, Adrian Smith + Gordon Gill, Design for a Cure and Brook Furniture Rental. For three evenings, guests were able to tour all seven apartment models, which ranged from a bachelor studio to a two-bedroom urban ...
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Posted by sponsored post on May 13, 2013
Redfin’s email recently surfaced a “new listing” for one of the Ashland Urban condos at 2607 N Ashland Ave whose pretensions we noted last October. The 3-bedroom, 4-bath, 2,800 square foot tri-level “penthouse” unit was listed at $890,000 on May 8, and shown as being under contract shortly after that ...
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Posted by Joe Zekas on May 13, 2013
The former home of “legendary Chicago blues musician Muddy Waters” was recently listed by Landmarks Illinois as one of the 10 most endangered historic places in Illinois. Brother El of the Makers of Sense makes several visits to the home, at 4339 S Lake Park in the North Kenwood / ...
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Posted by Joe Zekas on May 13, 2013
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