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ChicagoDowntown / Loop

Catalyst 50% leased with no free rent concessions

Catalyst

Yesterday evening I met a member of the leasing staff at Catalyst who told me that move-ins at the new West Loop building have begun and 50% of the units have been leased. Unlike a number of other new high-rises, Catalyst did not offer any free rent concessions. The 19-story, 223-unit building has a mix ...

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Posted by Joe Zekas on July 11, 2014
ChicagoNorthwest Side

Has Riverview Terrace cut its rents far enough?

Riverview Terrace

Just over a month ago we noted that the failed condo project at 2609 W Belmont had come back to life as Riverview Terrace, a rental building. We suggested at the time that quoted rents were “aggressive for the location.” Yesterday’s email brought news that 3-bedroom, 2-bath units that had previously been offered for $3,850 ...

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Posted by Joe Zekas on July 11, 2014
ChicagoDowntown / Loop

New River North apartment tower tops out

220 W Illinois

The shot at the left was taken mid-afternoon yesterday and the one on the right late in the evening. The different light conditions make the building appear strikingly different in color. The 26-story, 188 unit apartment tower under construction at 212-228 W Illinois in River North has reached its full height and is on target ...

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Posted by Joe Zekas on July 11, 2014
ChicagoNorth Side

A Lakeview East 3-bedroom with everything on your wish list

416 Briar

This 3-bedroom, 2-bath vintage condo at 416 W Briar Pl is on a tree-lined Lakeview East street close to the park and public transportation. The spacious, extra-wide home is in a 4-unit boutique building. It has all of the features that buyers want but so rarely find in homes in this location: 2-car parking, central ...

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Posted by sponsored post on July 10, 2014
ChicagoDowntown / Loop

High-floor three-bedroom apartments in Streeterville

Streeter Place

Streeter Place, 355 E Ohio St in Streeterville, has two 3-bedroom, 2-bath apartments available for August and September occupancy. Rent for the 48th and 49th floor homes starts at $5,000 a month. Three-bedroom apartments in full-amenity buildings are very scarce at this rent level in Streeterville. The apartments span more than 1,800 square feet and ...

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Posted by sponsored post on July 10, 2014
ChicagoFar North

A newer Edgewater 2-bedroom with panoramic east views

Catalpa Gardens

Catalpa Gardens, 1122 W Catalpa, is a rare newer-construction high-rise a block from the Bryn Mawr Historic District in Edgewater. The building has a range of amenities not typically found in the area: a rooftop sundeck with sweeping views of the skyline, a dog run and a fitness room. A corner 2-bedroom, 2-bath has just ...

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Posted by sponsored post on July 10, 2014
ChicagoDowntown / Loop

New models and a building makeover at Millennium Park Plaza

Millennium Park Plaza

If you’ve ventured south of the river along Michigan Avenue recently you’ve noticed that Millennium Park Plaza, at the corner of Randolph and Michigan, has been undergoing an extensive makeover of the commercial space fronting Michigan. Protein Bar, David’s Tea, Lids and a second floor bar and restaurant will be opening soon. The residential areas ...

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Posted by Joe Zekas on July 9, 2014
ChicagoSouth Side

Is Pilsen under the gun?

Pilsen thrift store

We’re not talking about the so-called hipster invasion of Pilsen, nor are we resurrecting stale debates about the threat of gentrification. We’re merely relaying the headline question from a recent post at Pilsen Portal on the prevalence of crime in Pilsen. Is Pilsen under the gun? An excerpt: The answer is both a “yes” and ...

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Posted by Joe Zekas on July 9, 2014
ChicagoDowntown / Loop

Apartments filling in a bleak stretch of Clark Street

1000 S Clark St

Construction is underway on a 469-unit apartment tower at 1000 S Clark St, just north of the Target on Roosevelt Rd. JDL is the developer and Hartshorne Plunkard the architecture firm for the project. Until recently Clark Street between Polk St (800 S) and Roosevelt Rd (1200 S) had a rather forlorn appearance, with AMLI ...

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Posted by Joe Zekas on July 8, 2014
ChicagoDowntown / Loop

Division Street apartments secure financing

625 W Division

A month ago we visited a site at 625 W Division St that had just been cleared in preparation for construction of a 19-story, 240-unit apartment tower. At the time, we questioned whether the project has the weakest location of any of the Near North Side developments on our at-a-glance list of new downtown apartment ...

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Posted by Joe Zekas on July 8, 2014
ChicagoNorth Side

An updated look at a sold-out Montana Row

Montana Row

New construction homes in viable neighborhoods by builders with a track record have been selling before completion during the past several years. When we last looked in on Montana Row, 25-foot wide rowhomes in the 1500 block of Montana in Lincoln Park, only one of the fourteen homes remained available for sale. All of the ...

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Posted by Joe Zekas on July 7, 2014
ChicagoDowntown / Loop

Video tours of Kingsbury Plaza’s amenities and riverwalk

Kingsbury Plaza

Outdoor space is scarce in the River North neighborhood, but it’s abundant at Kingsbury Plaza, a 43-story, 420-unit apartment tower on the east bank of the Chicago River. Kingsbury Plaza has a sprawling landscaped deck with floral plantings, trees, BBQ grills, a whirlpool, an outdoor pool and sweeping views of the skyline. It also has ...

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Posted by Joe Zekas on July 7, 2014
ChicagoNorth Side

Broadway and Melrose, a great Chicago intersection

Melrose

The intersection of Broadway and Belmont is in the heart of Lakeview East. Walk north or south and Broadway is a rich feast of bars, restaurants, theaters, grocery shopping, national chain stores and colorful, locally-owned independents. The Melrose Restaurant anchors the intersection. It’s a neighborhood institution that’s open 24/7 365 days a year and reportedly ...

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Posted by sponsored post on July 7, 2014
ChicagoDowntown / Loop

The sweeping views from The LEX apartments

View from The LEX

I visited The LEX, 2138 S Indiana, last Friday for a first look at the building’s spacious deck. The landscaped deck has an outdoor pool, a whirlpool, a large dog run, grassy areas and a shaded area with BBQ grills. Check back in about a week for a video tour of the pool and the ...

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Posted by Joe Zekas on July 7, 2014
ChicagoDowntown / Loop

New South Loop condos in a convenient location

1345 Wabash

Perspectives can be deceiving. In the first photo, the crane for the construction of the new 1345 Wabash condominiums appears to be directly behind the Jewel-Osco on Roosevelt Rd. In the photo directly above the crane seems to be across the street from the south end of the Jewel. It’s actually a full block south. ...

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Posted by sponsored post on July 3, 2014
ChicagoDowntown / Loop

K2 Apartments’ half-acre dog park has an anniversary

K2

It was just over a year ago that K2, a luxury apartment tower in the Fulton River District, attracted a crowd to the grand opening of its dog park — the largest in the city. K2 was in the early stages of it leasing program at the time, but it’s now more than 90% leased. ...

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Posted by sponsored post on July 3, 2014
ChicagoDowntown / Loop

Some dazzling images from Hubbard Place apartments

Hubbard Place

As someone who dabbles in photography almost every day, I’m always in awe of the work of professional photographers. While I try to do a credible job of portraying what a place looks like, Paul Morgan paints an image with light, brings a place to life and involves you in what it feels like. When ...

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Posted by Joe Zekas on July 2, 2014
ChicagoDowntown / Loop

eco18, a drive by a defunct development

eco18

It’s been just over seven years since we first wrote about eco18, a new South Loop high-rise that was aiming to be the first LEED Gold certified project in Chicago. A few days later we reported that the project had taken reservations for 28 of its 93 units in the first weekend of sales. In ...

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Posted by Joe Zekas on July 2, 2014
ChicagoDowntown / Loop

New convenience store, CTA station near The LEX apartments

The LEX

The McCormick Market opened just over a month ago on the block west of The LEX, a luxury, full-amenity apartment and loft complex in the South Loop. The early reviews at Yelp have been positive, with mixed opinions on the store’s not selling alcohol. The deli counter is well stocked and prices have been reported ...

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Posted by sponsored post on July 2, 2014
ChicagoDowntown / Loop

A step forward for Atrium Village

Aerial view of Atrium Village site

It’s been nearly two years since we noted a Sun-Times report that the Chicago Plan Commission had approved a proposal for the redevelopment of the 7-acre Atrium Village site at Division and Wells. The site could eventually encompass a 2-acre terraced park, four high-rises, townhomes, retail space and 1,500 apartments. Chicago Real Estate Daily reported ...

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Posted by Joe Zekas on July 1, 2014