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Crain’s Chicago Real Estate Daily reported yesterday that Optima has acquired a site at 220 E Illinois immediately adjacent to its Optima Center, which is nearing completion. The Centrum-owned site, which has been on the market for a while, was zoned for up to 600 apartments, and we’d tallied that number in our at-a-glance list ...
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Posted by Joe Zekas on May 9, 2013
A month ago we noted that the former North Pier Terminal in Streeterville had been acquired by an investor group. Yesterday’s email brought word that FitzGerald Associates Architects has begun work on plans for the adaptive reuse of the six-story, 547,000 square foot building. Current tenants in the building include Fox & Obel, Quay restaurant, ...
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Posted by Joe Zekas on April 19, 2013
Yesterday’s Chicago Tribune served up this heart-stopping news: DePaul University appears to be weighing a site west of Lincoln Park for a Blue Demons men’s basketball arena, signaling that a site near McCormick Place is not necessarily its slam-dunk pick. Bruce Liimatainen, chairman and chief executive of A. Finkl & Sons Co., on Tuesday said ...
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Posted by Joe Zekas on April 17, 2013
Marquette Companies has begun construction on Catalyst, 630 W Washington in the West Loop. When complete the 22-story building will encompass 223 apartments, 175 garage parking spaces and 15,168 square feet of ground floor retail space. According to Marquette’s website, 89% of the retail space is “pre-leased to a credit tenant.” When we first wrote ...
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Posted by Joe Zekas on April 9, 2013
All that remains of the circa-1910 Otis Building at 10 S LaSalle is four stories of its original façade, and it’s all you may have ever noticed of the 37-story tower that replaced it. I’d passed the building many times without ever looking up to see the 1986-vintage skyscraper behind the classic terra cotta and ...
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Posted by Joe Zekas on April 4, 2013
If you search for Streeterville apartment building Facebook pages at Facebook, you may miss half of them. Google search is a more reliable way to find the pages. There are 11 apartment buildings in Streeterville, and 8 of them have a Facebook page. The Streeterville building Facebook pages average 172 Likes, compared to an average ...
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Posted by Joe Zekas on April 3, 2013
Yesterday the Port Authority made available a video of the 3-story observatory that will open at the top of One World Trade Center. Based on the video, a visit to the observatory promises to be a Disneyesque experience in addition to affording spectacular 360-degree views. If you’ve visited the observation decks of the Willis Tower ...
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Posted by Joe Zekas on April 3, 2013
Three South Loop buildings saw their lowest-priced units rented last week, with significantly higher rents on the remaining available units. At 1130 S Michigan, for example, the lowest priced 1-bedroom is nearly $400 higher, and the lowest-priced 2-bedroom nearly $200 higher than units available last week. At Burnham Pointe, 730 S Clark, the lowest-priced 2-bedroom ...
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Posted by Joe Zekas on March 14, 2013
The software systems that continually reset rents at the major apartment complexes appear to have notched up most South Loop rents by modest amounts again this past week. If you want to rent in the South Loop, you can see all of your managed apartment building options on YoChicago’s South Loop availability list, below. Where ...
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Posted by Joe Zekas on March 7, 2013
If you want to rent an apartment in River North, you can see all of your managed apartment building options on YoChicago’s availability list, below. There are currently only thirteen large apartment complexes in River North, and we’ve listed all of them in this Google spreadsheet, and checked what’s available for rent, and what the ...
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Posted by Joe Zekas on March 1, 2013
The software systems that continually reset rents at the major apartment complexes appear to have notched up most South Loop rents by modest amounts this past week. One exception we noted is that a 1-bedroom plus den, 2-bath unit at Astoria Tower, 8 E 9th St, became available for $1,865. That’s the lowest price we’ve ...
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Posted by Joe Zekas on February 28, 2013
A rare 2,216 square foot 3-bedroom, 3-bath penthouse at The Chicagoan, 750 N Rush, became available during the past week. I was in that unit back in 1990 while it was still being completed, and recall a dramatic 2-story living room with a loft area. The view is similar to the view below, shot from ...
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Posted by Joe Zekas on February 22, 2013
Five years ago today we linked to a Crain’s Chicago Real Estate Daily Report that Draper & Kramer planned to demolish the 1,870-unit Lake Meadows apartment complex and replace it with more than 7,800 residential units and half a million square feet of retail space. “The existing buildings have reached a point of physical and ...
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Posted by Joe Zekas on February 21, 2013
If you want to rent in the South Loop, you can see all of your managed apartment building options on YoChicago’s South Loop availability list, below. Where only a single price is listed, it’s an indication that only one unit of that type was available at the time we checked. There are only a dozen ...
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Posted by Joe Zekas on February 21, 2013
The New York Times recently focused on the changes that changing demographics have wrought in some Upper West Side buildings: When the co-op conversion wave began in New York City in the 1960s, singles and young married couples flocked to the Upper West Side hoping to get a piece of the action. Some of those ...
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Posted by Joe Zekas on February 20, 2013
Chicago’s rental services would like you to believe that it’s a difficult task to find your best apartment deal in the Streeterville. In fact, it couldn’t be easier to find Streeterville apartments, and working with a rental service may be the best way to ensure that you don’t get your best deal. The rental services ...
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Posted by Joe Zekas on February 18, 2013
We haven’t added Steve Fifield‘s site at 601-625 W Monroe in the West Loop to our list of new downtown apartment projects, because current plans call only for a 40-story office tower. The current plans are subject to change, according to Crain’s Chicago Real Estate Daily: “This is a city of skyscrapers,” Mr. Fifield said. ...
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Posted by Joe Zekas on February 18, 2013
In September of 2007 we reported that 75% of the loft condos at 123 N Sangamon in the West Loop were under contract and closings would begin the following month. In April of 2008 the plan was to convert half the building to rental units and unit deliveries were anticipated later that summer. In January ...
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Posted by Joe Zekas on February 15, 2013
It seems like there’s no end to the stream of new apartment announcements in downtown Chicago. The Sun-Times’ David Roeder is reporting that developer Chris Carley’s Fordham Company has a contract to purchase the building that houses the landmark Oriental Theatre and plans to convert the 22-story tower portion to 230 loft apartments. Work on ...
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Posted by Joe Zekas on February 14, 2013
Rents and availabilities are little changed since last week. If you want to rent in the South Loop, you can see all of your managed apartment building options on YoChicago’s South Loop availability list, below. Where only a single price is listed, it’s an indication that only one unit of that type was available at ...
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Posted by Joe Zekas on February 14, 2013
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