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500 Lake Shore Drive

ChicagoDowntown / Loop

Streeterville apartments moving forward

545 N McClurg Ct

Last week we noted the scale of activity in the 400 block of East Grand Ave in Streeterville. We stopped by yesterday for a closer look at the northeast corner of Grand and McClurg Ct, where Golub & Co has proposed building a 44-story, 490 unit apartment tower with office space and ground-level retail. Site ...

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Posted by Joe Zekas on June 17, 2014
ChicagoDowntown / Loop

Streeterville’s best apartments – Building amenities

500 Lake Shore Drive

Earlier posts in our series on the best Streeterville apartments focused on location. We spotlighted the buildings with the best views and most convenient access to grocery shopping, bars and restaurants, retail shops, public transportation, parks and beaches and the expressway grid, and the shortest walk to the Loop. We then switched from location to ...

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

MLS-listed downtown rentals at 30-month high

500 LSD

There were 1,040 homes and condos listed for rent as of yesterday in the 14 downtown ZIP Codes that we track. That’s a 35% increase in the number of units listed as of 6 months ago, and the highest level we’ve seen in 30 months. The current inventory, however, is 46% below the 1,927 units ...

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Posted by Joe Zekas on October 4, 2013
ChicagoDowntown / Loop

500 Lake Shore Drive aggressively courting rental services

500 LSD

Rental service agents have been receiving daily email solicitations from the recently-opened 500 Lake Shore Drive apartments during what the building is billing as “broker appreciation week.” The emails are offering a $250 American Express gift card to rental agents who close a deal at 500 LSD through August 11. That’s in addition to a ...

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Posted by Joe Zekas on August 5, 2013
ChicagoDowntown / Loop

Guerrilla marketing for 500 LSD opposite East Bank Club

500 LSD billboard

When East Bank Club members leave the building they’re confronted with a large, two-panel billboard touting the recently-opened 500 Lake Shore Drive as “Chicago’s most sophisticated apartments.” The same scene will greet prospective residents of the soon-to-open Hubbard Place, 360 W Hubbard, and Kingsbury Plaza, 520 N Kingsbury, if they approach the buildings from Kinzie ...

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Posted by Joe Zekas on June 3, 2013
ChicagoDowntown / Loop

Was The Peshtigo a better building than 500 Lake Shore Drive?

The Peshtigo

My short answer: no. In my take, a built building is always better than an unbuilt one. The legions of architectural critics can weigh in on the very different issue of Ralph Johnson’s design concept for The Peshtigo vs the reality of 500 Lake Shore Drive, the recently-opened Streeterville rental high-rise. You can get a ...

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Posted by Joe Zekas on May 29, 2013
ChicagoDowntown / Loop

850 Lake Shore Drive slates occupancy for late this year

850 LSD

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 construction is probably about two-thirds ...

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Posted by Joe Zekas on May 14, 2013
ChicagoDowntown / Loop

Ground broken for 500 Lake Shore Drive apartment tower

500 Lake Shore Drive Chicago

Yesterday marked the official groundbreaking for 500 North Lake Shore Drive, a 45-story, 500-unit luxury rental tower expected to be ready for occupancy in May of 2013. According to a news release the Related Midwest project, designed by architects from Solomon Cordwell Buenz, will cost more than $160 million and create more than 750 union ...

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Posted by Joe Zekas on September 15, 2011
ChicagoDowntown / Loop

Alderman Reilly “directs” redesign of 500 Lake Shore Drive

500 N Lake Shore Dr Chicago

In a better world a local pol would not have the power – or the arrogance – to dictate aspects of the design of a high-rise building. In the world of Chicago, an alderman has the ability to harass, delay and punish developers who have the temerity to stand on their rights. From Alderman Brendan ...

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Posted by Joe Zekas on May 18, 2011