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Deadpool

ChicagoNorth Side

Will 2800 Lincoln return from the deadpool?

2800 N Lincoln Ave

Five years ago today we were reporting on updated pricing for a new condo development planned for 2800 N Lincoln Ave in Lake View, across from Gino’s East. Two-bedroom, 2-bath units were priced from the $530s and “penthouse” units started in the $810s. Ten months later, prices had dropped a bit and the project was ...

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Posted by Joe Zekas on March 19, 2013
ChicagoDowntown / Loop

Revisiting an award-winner in the South Loop deadpool

X/O Condos

Five years ago today we noted that X/O Condominiums had won a National Association of Home Builders Gold Award for design excellence, and had been the recipient of several other awards. A little over a year later we relayed the news that X/O had defaulted on its loans and was headed for the deadpool. The ...

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Posted by Joe Zekas on February 20, 2013
ChicagoDowntown / Loop

West Loop tower goes from plan to deadpool in record time

601 W Jackson Chicago

Less than two weeks ago we relayed a Crain’s report that developer Enrico Plati was proposing a new apartment tower at 601 W Jackson in the West Loop. Crain’s reported today that Plati, “without offering a reason,” is no longer plotting to develop the site. Is this a record time for the fastest transit from ...

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Posted by Joe Zekas on October 29, 2012
ChicagoSouth Side

Dubious Dubin developments descend definitively into deadpool

Lofts at Bridgeport Place

Crain’s Chicago Real Estate Daily reported late last week on late-September federal court judgments against developer David Dubin. Dubin has been ordered to pay more than $15 million to PNC Bank in connection with failed developments in Bridgeport and Brighton Park. We’ve reported on the Lofts at Bridgeport Place (pictured above) for more than six ...

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Posted by Joe Zekas on October 29, 2012
ChicagoFar North

The development deadpool – Broadway Village Lofts

5427 N Broadway, Chicago

Five years ago we reported that 24 one-bedroom “lofty” condos were for sale at 5427 N Broadway in a development called Broadway Village Lofts. The building had been the site of an industrial laundry / dry cleaning plant. We followed up in May of 2008, reporting that 10 of the 24 units were still available, ...

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Posted by Joe Zekas on September 11, 2012
ChicagoDowntown / Loop

A visit to the West Loop development deadpool

West Loop streetscape

Five years ago yesterday we picked up on a Crain’s report that Winthrop Properties had decided to build a 23-story rental apartment building rather than the 325 condos it had planned for a site at 1035 W Van Buren in the West Loop. Winthrop acquired the property for $8.2 million in March of 2006. Bank ...

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Posted by Joe Zekas on June 8, 2012
ChicagoWest / Southwest

A scene from the deadpool – Ogden Courts in Lawndale

Ogden Courts Chicago

It isn’t often that you’ll find a quote from the King James Version of the Bible on a real estate development sign. Almost every real estate agent in Chicago is smart enough to avoid risking a fair housing violation. Most of the few that aren’t would avoid giving a development the same name as a ...

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Posted by Joe Zekas on April 3, 2012

From the archives – a defunct Lakeview East high-rise

Proposed Lakeview East high-rise

Five years ago today Jim Letchinger of JDL Development Corp was touting plans for a 24-story high-rise at 541 W Cornelia in Lakeview East. Construction was slated to begin in the fall, with first occupancy late in 2008 or early in 2009. Twenty-one full-floor units were priced from $1.1 million, and a duplex penthouse was ...

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Posted by Joe Zekas on March 23, 2012
ChicagoDowntown / Loop

The best of 2007 – X/O Condominiums

X/O Condominiums

YoChicago has its roots in print – the glossy-covered, tabloid-sized New Homes Magazine that we published from the early 90s through 2008. One of New Homes’ most popular features was a “best new homes” of the year issue, published in April. Our then long-time editor, Barry Pearce, oversaw the selection process. He knew every corner ...

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Posted by Joe Zekas on May 15, 2011
ChicagoNorthwest Side

Development deadpool – and a healthy real estate segment

3300 W Lawrence Chicago IL

There’s one part of the real estate business that’s experiencing boom times: renting construction fencing. It’s a business that may have become wildly profitable, since the fences are likely to remain in place for extended periods on many sites throughout the city. Credit risk is low, since the rental companies have lien rights if their ...

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Posted by Joe Zekas on March 4, 2011