ChicagoDowntown / Loop

New Gold Coast condo tower moving forward?

by Joe Zekas on 10/18/13

Crain’s Chicago Real Estate Daily is reporting that bid documents have been posted for a proposed 26-story condo tower at the northeast corner of State and Elm in the Gold Coast.

If the project is able to get past zoning hurdles it will be the first new condo high-rise in downtown Chicago in nearly half a dozen years.

The most recent condo project in the immediate area, Walton on the Park, stalled out on sales and was largely repurposed as a rental building. If the condo market is poised to rebound, Walton on the Park units might come to market as condos well in advance of any new construction that’s yet to begin.

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{ 1 comment… read it below or add one }

the urban politician October 18, 2013 at 3:25 PM

HA HA HA HA HA HA HA! You made me laugh.

The Gold Coast NIMBY parade is going to have a party with this one. They and their pet Alderman will sink this thing so fast it’ll forget its own name.

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