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Michigan Avenue Real Estate Group

ChicagoDowntown / Loop

Smaller buildings renting rapidly in West Loop

20-22 N Aberdeen

A number of smaller new West Loop apartment buildings built by Michigan Avenue Real Estate Group have leased up rapidly, at rents comparable to those charged at full-amenity towers in the neighborhood. All of the 54 new apartments at 20 – 22 N Aberdeen, which became available for occupancy beginning July 1, have been rented. ...

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Posted by Joe Zekas on July 22, 2014
ChicagoDowntown / Loop

West Loop infill apartments, a construction update

20-22 N Aberdeen

The major apartment developments underway in the West Loop have been garnering much of the attention, but the neighborhood is also seeing a number of smaller infill projects. Michigan Avenue Real Estate Group has rented 41 of the 48 apartments at 20-22 N Aberdeen (pictured above) for July 1st occupancy. All of the 1-bedrooms have ...

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Posted by Joe Zekas on May 14, 2014
ChicagoDowntown / Loop

New apartments proposed to replace Carmichael’s Steak House

Carmichael's

Last week Michigan Avenue Real Estate Group sent notices to property owners neighboring Carmichael’s Steak House in the West Loop that it planned to seek zoning variances enabling it to build two 4-story apartment buildings with a total of 131 units. The restaurant will be demolished as part of the plan, which contemplates building on ...

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Posted by Joe Zekas on March 12, 2014
ChicagoDowntown / Loop

New West Loop apartments and a Walk Score warning

3 North Aberdeen

While virtually all the media attention is focused on the major new apartment buildings, quite a few smaller projects are being built in the neighborhoods and most are renting up quickly. Madison Aberdeen Place in the West Loop consists of four buildings with a total of 81 apartments. The 9-unit building at 4 North Aberdeen ...

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

Phase II construction underway at Madison and Aberdeen

Madison & Aberdeen, Chicago

The shells of new 9- and 18-unit apartment buildings at the northeast and northwest corners of Madison and Aberdeen are nearly complete. The buildings are the first phase of a project being developed in the West Loop by Michigan Avenue Real Estate Group. The site at 26 N Aberdeen formerly occupied by Chicago Truck Leasing ...

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Posted by Joe Zekas on June 21, 2013
ChicagoDowntown / Loop

New apartment developments headed for the West Loop

Madison & Aberdeen, Chicago

In keeping track of the new apartment projects that are proposed and underway in downtown Chicago we’ve tended to focus on the larger developments. Late last week Crain’s Chicago Real Estate Daily reported on a “Reinsdorf-backed developer” that has five developments totaling 220 units proposed or underway in the West Loop. Michigan Avenue Real Estate ...

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Posted by Joe Zekas on April 8, 2013