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ChicagoDowntown / Loop

4 East Elm condominiums, 4 E Elm St, Gold Coast

4 East Elm, SCB

4 East Elm is a 35-unit, 27-story luxury boutique condominium being developed in Chicago’s Gold Coast neighborhood. The building has held its ceremonial groundbreaking, but had not begun construction as of mid-October, 2014. Completion is currently slated for early 2016. It is vying to become the first new high-rise condominium built in a true Gold ...

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Posted by Joe Zekas on October 13, 2014
ChicagoDowntown / Loop

The Fairbanks, 240 E Illinois St, Streeterville

The Fairbanks

The Fairbanks at Cityfront Plaza is a 31-story condominium at 240 E Illinois St in Streeterville. The building has 42 loft units at its base and 239 units in the tower portion. The ground-level retail space, which had been a Dominick’s, will re-open in January of 2015 as a Whole Foods. The loft portion of ...

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Posted by Joe Zekas on September 29, 2014
ChicagoDowntown / Loop

Video – new Gold Coast condo tower breaks ground

4 East Elm, SCB

Convexity Properties held a ceremonial groundbreaking yesterday for 4 East Elm, the first new condominium high-rise to begin construction on Chicago’s North Side in five years and the first in the Gold Coast since 2007. The development offers 35 half- and full-floor condominiums ranging in price from $2.2 million to $7.2 million. Sales began this ...

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

Assembling the South Loop’s newest condos

1345 S Wabash

The site of 1345 Wabash, the first new condo development built in the South Loop in years, is currently a busy staging area for skilled trades shaping and assembling a bewildering variety of forms and materials. The end result of all the activity will be a sleek building that makes a distinctive statement in the ...

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Posted by sponsored post on August 20, 2014

Has condo pricing gone off the rails again?

Shoemaker Lofts

Lately I’ve been seeing nearly identical new condominiums – in some cases from the same developer – selling for similar prices in locations that I consider to differ widely in value. It’s possible, of course, that I’m misjudging the appeal and underlying value of the locations I’m comparing. I don’t think that’s the case. It’s ...

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Posted by Joe Zekas on August 20, 2014

YoChicago launches condominium review series

55 East Erie, fitness

Late last year we began a series of apartment reviews and they’ve proven popular, contributing to a more than 70% year-over-year increase in our traffic in July. We’re waiting on the stats from our server logs, but YouTube Analytics indicates that we reached more than 90,000 unique visitors last month. Condo buyers need access to ...

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Posted by Joe Zekas on August 4, 2014
ChicagoDowntown / Loop

55 East Erie Condominiums, 55 E Erie St

55 East Erie

55 East Erie is a 56-story, 214-unit condominium tower in Chicago’s River North neighborhood. When 55 East Erie was completed in 2004 it surpassed Lake Point Tower as the tallest all-residential high-rise in Chicago, and the building’s website still accords it that status. It has since been overtaken by 340 on the Park, Legacy and ...

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Posted by Joe Zekas on August 4, 2014
ChicagoDowntown / Loop

Start of construction spurs sales at 1345 Wabash

1345 S Wabash

The new 15-story condominium at 1345 Wabash in the South Loop has begun to rise out of the ground and is on pace to add a floor every five working days. 1345 Wabash is the first new condo tower in downtown Chicago in years, and it’s targeting occupancy in March of next year. “We have ...

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Posted by sponsored post on August 1, 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 400 apartment units and 100 ...

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

1345 Wabash condos begin to rise in South Loop

1345 Wabash

Probably the most important milestone in the completion of a high-rise building is the erection of the tower crane that does the heavy lifting of the building’s materials. The tower crane at 1345 Wabash was fully assembled during the past several days, despite some weather-related delays. The first new condominium high-rise built in the South ...

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Posted by sponsored post on June 27, 2014
ChicagoDowntown / Loop

New South Loop condos in a convenient, fun location

1345 Wabash

1345 Wabash, which is under construction in the South Loop, is the first new condo high-rise in the neighborhood in six years. The building has a terrific location, within a short walk of bars, destination restaurants, grocery shopping, parks and public transportation. 1345 Wabash is aiming to set a higher standard for design and style. ...

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Posted by sponsored post on June 23, 2014
ChicagoDowntown / Loop

Sample the best of the South Loop lifestyle on Wabash

Zapatista

The forecast is for comfortably warm and sunny weather this weekend, perfect conditions for an early alfresco dinner before Saturday night’s Blackhawks playoff game. Head for the 1300 block of Wabash in the South Loop, where you’ll find four great restaurants with outdoor seating: Gioco, Zapatista, Asian Outpost and Flo & Santos. Whichever restaurant you ...

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Posted by sponsored post on May 23, 2014
ChicagoNorth Side

Luxury condos to replace Old Town Triangle strip mall

328 W Wisconsin

An office strip mall at 1920 N Lincoln Ave (pictured above) in the Old Town Triangle is slated to be demolished and replaced by a 7-unit luxury condominium development. Belgravia Group is developing the project which will have 328 W Wisconsin as its address. Two units were recently listed in the MLS. Unit 2W is ...

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Posted by Joe Zekas on May 20, 2014
ChicagoDowntown / Loop

South Loop construction update, 1345 Wabash

1345 Wabash

The pilings that will support the new 15-story condo building at 1345 Wabash are in the ground and the pile-driving crane is being disassembled and readied for removal from the site. The Komatsu excavator toward the right of the photo is working on the base of the tower crane, which is slated to begin rising ...

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Posted by sponsored post on May 20, 2014
ChicagoDowntown / Loop

Realtors plan mega-development on Michigan Ave

430 N Michigan Ave

From yesterday’s Chicago Tribune: A key parcel on the south end of Chicago’s Magnificent Mile appears headed for redevelopment in an ambitious project that would include a high-end hotel, condominiums, offices and stores between North Michigan Avenue and Wabash Avenue. The National Association of Realtors’ board of directors unanimously voted Monday to move forward with ...

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Posted by Joe Zekas on November 12, 2013
ChicagoDowntown / Loop

The Montgomery, 500 W Superior St, River North

The Montgomery

The Montgomery, 500 W Superior St in River North, was built in 1972 as an office building for Montgomery Ward & Co. The 28-story building was converted to residential condominiums in 2005, and is one of the more upscale buildings in the western part of River North. The units The 245-unit Montgomery has a mix ...

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Posted by Joe Zekas on August 6, 2013
ChicagoDowntown / Loop

400 East Randolph hits the 50-year mark

400 East Randolph

The 400 Condominium Association, 400 East Randolph, will mark its 50th anniversary on August 11th, 2013, from 4 p.m. to 8 pm with a special event at the Atlantic Ballroom in the Radisson Blu Hotel on North Columbus Dr. The T-shaped 956-unit building opened in 1963 as the Outer Drive East Apartments, and converted to ...

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Posted by Joe Zekas on August 6, 2013
ChicagoDowntown / Loop

A 235 Van Buren commute, via water taxi to Michigan Ave

Chicago Water Taxi

The award-winning Ralph Johnson-designed condominium tower at 235 Van Buren in Chicago’s Loop is transit-oriented development at its best. A CTA Brown and Purple Line station is just around the corner, Union and Ogilvie stations and the CTA’s Red Line are a few blocks away, and 235 has some of the best expressway access in ...

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Posted by sponsored post on May 23, 2013
ChicagoDowntown / Loop

Dialing for dollars at Mondial in River West

Mondial roof deck

Exactly five years ago today we checked up on the construction status of Mondial, a new condominium project then underway at 900 W Huron in River West, and found it approximately half complete. Mondial ran head-on into a tough condo market. Sales stalled and the original developer pulled the units from the market, offered them ...

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Posted by Joe Zekas on May 13, 2013
ChicagoNorth Side

Three Lincoln Park luxury home sites – a cheery Orchard check-off

1859 N Orchard Chicago

Last August we looked in on a 44-foot wide lot at 1859 N Orchard, pictured above, where a developer had paid $2,550,000 to acquire four condominium townhomes and proposed to build a home on the site for $6,950,000. The to-be-built home is still listed at that price. Earlier this year the property was also listed ...

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Posted by Joe Zekas on April 23, 2013