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ChicagoDowntown / Loop

See Chris Kennedy’s remarks at the Wolf Point groundbreaking

Chris Kennedy

Construction has been underway for months on a 509-unit, 48-story apartment tower at Wolf Point, the iconic site where the Chicago River forks to the north and south. It’s typical for an official groundbreaking ceremony to occur well after the actual groundbreaking that marks the start of construction. On Friday, ...

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Posted by Joe Zekas on July 18, 2014
ChicagoDowntown / Loop

Trib surfaces first rendering of Stern tower

Stern rendering

The Chicago Tribune reported late yesterday that a 67-story, 500 unit apartment and condo tower has been proposed for a site at 451 E Grand Ave in Streeterville. The site is immediately west of the new 500 Lake Shore Drive. The tower, designed by architect Robert A.M. Stern, would include ...

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Posted by Joe Zekas on July 18, 2014
ChicagoDowntown / Loop

View the Taste of River North from K2 Apartments

Ward Park

K2 Apartments has a gateway location in the Fulton River District that affords its residents quick access to the bars, restaurants, nightlife and other attractions in the adjacent West Loop, River West and River North neighborhoods. One of the advantages of K2′s location is that summer becomes a months-long festival ...

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Posted by sponsored post on July 18, 2014
ChicagoNorth Side

Rent an apartment and donate to the Lakeview Pantry

Lakeview Pantry

You need a new apartment, and many Chicago residents need help with food, especially in the summer months when children are out of school. When you become a new resident at one of Planned Property‘s apartments this July and August, Planned will donate a portion of your rent to the ...

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Posted by sponsored post on July 18, 2014
ChicagoDowntown / Loop

Night views from Streeter Place, and Navy Pier fireworks

View from Streeter Place

I arrived on the 55th floor roof of Streeter Place, 355 E Ohio, just after sunset yesterday evening. The timing allowed me to sample the views before the Navy Pier fireworks began at 9:30. The roof configuration didn’t offer a direct view south. Night shots show off my limitations as ...

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Posted by Joe Zekas on July 17, 2014
ChicagoNorth Side

Forty acres and a mull in Lincoln Park

Finkl Steel aerial

Crain’s Chicago Real Estate Daily reported yesterday on a meeting hosted by North Branch Works to mull the future of a 40-acre stretch of Lincoln Park. The location, from the Chicago River north to Webster Ave, includes the former Guttmann Tannery, Finkl Steel and A. Lakin & Sons sites and ...

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Posted by Joe Zekas on July 17, 2014
ChicagoNorth Side

An impressive new Lincoln Park home by RD Precision

2455 N Greenview

RD Precision homes have been selling pre-completion, attracting buyers with a rich mix of standard features and impressive craftsmanship. The homes have open floor plans, high ceilings, extravagantly large windows, spacious kitchens with high-end appliances, oversized islands and floor-to-ceiling cabinetry. The most striking features of an RD Precision home are ...

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Posted by sponsored post on July 17, 2014
News & trendsMarket conditions

June foreclosures at lowest levels since 2006

East Garfield Park

RealtyTrac released its Midyear 2014 U.S. Foreclosure Market Report today. The report reflects a 19% decrease in US foreclosure filings over the previous six months and a 23% decrease from the first six months of 2013. States with the highest foreclosure rates in the first half of 2014 were Florida ...

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Posted by Joe Zekas on July 17, 2014
ChicagoNorth Side

The shockingly good views from Webster Square

Webster Square view

One of the expected trade-offs for living on a pedestrian-friendly street in the lower-density parts of Lincoln Park is giving up skyline views. If that’s your expectation, you’re likely to be shocked when you step out on the sundeck at Webster Square. The views are sweeping, and they’re extraordinary, even ...

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Posted by Joe Zekas on July 16, 2014
ChicagoNorth Side

The everyday convenience of Halsted Flats apartments

Whole Foods

When you visit Halsted Flats, the new luxury apartment tower in Lakeview East, you’re likely to be impressed by the building’s extensive amenities and its feature-laden apartments, and overlook the basic needs of day-to-day living. Don’t worry. Whole Foods is just down the block on Halsted, and Walgreen’s and Walmart ...

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Posted by sponsored post on July 16, 2014
ChicagoDowntown / Loop

1345 Wabash condos have a focus on design

1345 S Wabash

A focus on design is nothing new for the CMK Companies. CMK has a history of creating architecturally distinctive high-rises that are, according to NewCity Design, “a relief from the so-so-ness of neighboring condo buildings.” At 1345 Wabash in the South Loop CMK has once again teamed up with Brininstool ...

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Posted by sponsored post on July 16, 2014

Calling ex-rental service agents to speak out

Craigslist screen cap

Recruiting ads for new rental service leasing agents on Craigslist lure the naïve into thinking they’ll join a fast-growing elite firm, be trained for a career with high earnings potential, and be supported with the latest technology. The reality is that working at a rental service is a miserable experience ...

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Posted by Joe Zekas on July 15, 2014
ChicagoDowntown / Loop

Why the South Loop is a great place to call home

Museum Park

Coldwell Banker’s Nadine Ferrata has lived in the South Loop for more than 20 years and loves calling it her home. The South Loop has a wide variety of restaurants and nightlife, many grocery shopping options, excellent public transportation, good school options and some of the best public park access ...

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Posted by Joe Zekas on July 15, 2014
ChicagoDowntown / Loop

Scenes from the unveiling party at Hubbard Place apartments

Hubbard Place party

On Thursday July 10, Hubbard Place, a new luxury apartment tower in River North, teamed up with CS Modern Luxury magazine to host a party unveiling the building’s lavish pool deck. Hundreds of people attended on a beautiful evening to meet their fellow residents and enjoy the music and refreshments, ...

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Posted by Joe Zekas on July 15, 2014
North suburbsNorthbrook

Is Northbrook the heart of the North Shore?

Northbrook park scene

Yesterday’s email served up another droplet in the endless stream of news releases touting a new development’s location as being “in the heart of the North Shore.” The development in question is in Northbrook, which is a North Shore community in the same sense that Oak Park is a Chicago ...

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Posted by Joe Zekas on July 15, 2014
ChicagoDowntown / Loop

From the vault – a Roosevelt Collection high-rise

Roosevelt Collection

It was nearly eight years ago when Centrum Properties began leasing retail space for the as yet unbuilt Roosevelt Collection site in the South Loop. An early rendering, above, showed the retail, the proposed loft condos and a high-rise to their north. The high-rise was included in a scale model ...

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Posted by Joe Zekas on July 14, 2014
ChicagoNorthwest Side

Buying into a walk-up conversion was often a bad deal

4246 N Spaulding

In the 40 years that I’ve followed Chicago condo conversions I’ve rarely seen the renovation and condo conversion of a 12+ unit walkup buildings with studio to 2-bedroom apartments result in economic gains for the initial buyers. That’s been the case regardless of the attractiveness of the neighborhood, but the ...

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Posted by Joe Zekas on July 14, 2014

Chicago condo smoking bans and more

2626

The smoking ban at the 2626 N Lakeview condominiums is old news by now, but you’ll get an expanded look at some of the legal backdrop in the latest issue of the Chicagoland Cooperator. The publication focuses on issues relevant to local condos and co-ops. The June issue of the ...

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Posted by Joe Zekas on July 14, 2014
DealsChicagoNorth Side

Updated Lakeview East studios and 1-bedrooms steps from everything

500 West Belmont

500 West Belmont is a contemporary elevator building with large apartments. The apartments have updated kitchens and baths, a choice of laminate or wood-look flooring, great closet space and available parking. The Lakeview East location is close to the lake, the Broadway restaurant and bar strip and convenient to public ...

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Posted by sponsored post on July 11, 2014
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, ...

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Posted by Joe Zekas on July 11, 2014