Real estate news & trends
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Near north
The 35-story, 367-unit apartment tower proposed for the southeast corner of State and Chestnut was approved by the City Council Zoning Committee yesterday, according to a Chicago Tribune report. The next step is approval by the full City Council. The development already has a stub of a website active, and the site slates delivery for ...
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Posted by Joe Zekas on March 27, 2013
Yesterday’s Chicago Real Estate Daily reported the sale of the 324-unit SoNo East, 840 W Blackhawk, at an undisclosed price estimated to be between $110 and $115 million. The project was said to be more than 85% leased. That’s close to the $356K per unit price at which the more fully-leased Alta at K Station ...
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Posted by Joe Zekas on January 4, 2013
1225 Old Town, the sponsor of our Old Town Rental Guide, had leased more than 85% of its 250 studio to 3-bedroom apartments as of late last week. First occupancies in the building were less than 6 months ago. According to David Bach of Hines Interests, “the biggest piece of news for the property is ...
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Posted by Joe Zekas on December 19, 2012
I recently sat down with Tessi Neuhauser in a boutique condo building across from Washington Square Park to hear Tessi’s take on the Gold Coast. Tessi has a strong emotional bond with the Gold Coast neighborhood. She visited occasionally with her mom when she was a young girl, dreamed of living there some day, and ...
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Posted by sponsored post on December 14, 2012
Its neighbors affectionately call Superior 110 “the blue building.” One glance and you know the reason why the new boutique high-rise at 110 W Superior in River North earned that nickname. The final home is now for sale at Superior 110. The 2,550 square foot, 3-bedroom, 3-bath unit is priced at $1,159,000, and includes two ...
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Posted by sponsored post on December 14, 2012
The drumbeat of new apartment announcements in downtown Chicago continues, and we’ve updated our list and tally of them accordingly. Crain’s Chicago Real Estate Daily reported yesterday that Newcastle Ltd is purchasing the southeast corner of State and Chestnut from Loyola University Chicago and plans to build a 35-story building with 367 apartments and ground-level ...
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Posted by Joe Zekas on December 12, 2012
There’s more than one way to interpret the headline, but Skyline has the scoop on the literal reading: The Chicago Housing Authority is closing in on a deal to buy an urban farm near Cabrini-Green. But details on the agreement — and the future of the farm — are sparse, as the agency and the ...
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Posted by Joe Zekas on November 29, 2012
The Habitat Company is best known to many Chicagoans as a developer of high-rise apartments, including the 43-story, 450-unit tower currently underway at 360 W Hubbard in River North. The company’s diverse service portfolio also encompasses the management of 20,000 units of public, affordable, market-rate and student housing – and condominiums – in six states. ...
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Posted by Joe Zekas on November 29, 2012
The recently-completed 1225 Old Town, 1225 N Wells St in Old Town, features studio, convertible, one-, two- and three-bedroom luxury apartments. The light, airy units have spacious, well thought-out layouts with hardwood floors, large closets and kitchens with great cabinet and counter space. Many of the units also have balconies. David Bach of Hines Interests ...
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Posted by sponsored post on October 17, 2012
Its neighbors affectionately call Superior 110 “the blue building.” One glance and you know the reason why the new high-rise at 110 W Superior in River North merits that moniker. Only two units remain for sale at this boutique luxury condo, and the developer is offering an incentive that has special meaning in a neighborhood ...
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Posted by sponsored post on October 17, 2012
1225 Old Town, a newly-opened apartment tower at 1225 N Wells St, has an extensive amenities package. It’s stylish, functional, social — and unusual in scale for a building that hosts only 250 apartments. The amenities package is one of the reasons that the building is 80% leased despite having only opened several months ago. ...
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Posted by sponsored post on October 16, 2012
Flying around Chicago this morning and trying to comprehend its visual richness I couldn’t help thinking of a Simon & Garfunkel 59th Street Bridge Song (Feelin’ Groovy): “Slow down, you move too fast. You got to make the morning last.” As Nick Carraway crossed Manhattan’s 59th Street Bridge (a/k/a the Queensboro Bridge) with Jay Gatsby ...
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Posted by Joe Zekas on September 12, 2012
The apartment high-rise at 1120 North LaSalle boasts a rooftop pool with a second-tier deck and spectacular views of Chicago’s skyline. The pool’s a fun place to be — and even more fun when Planned Property is hosting one of its pool parties for residents. There was good food, good music, great weather, free drinks, ...
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Posted by Joe Zekas on August 27, 2012
Planned Property Management‘s latest video tells a classic story – boy meets girl, finds apartment, falls in love at 2756 N Pine Grove. Planned’s Dan McDonough and I visited the building last December for a more conventional look at the apartments in the following video. After shooting video at several of Planned’s buildings near Diversey ...
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Posted by Joe Zekas on August 21, 2012
Chicago’s new rental towers continue to lease up at a rapid rate. The first residents moved into SoNo East, a new 22-story, 324-unit rental tower at 840 N Blackhawk St, just last month, but the building is already 60% leased and 40% occupied, according to a leasing representative. Studio, convertible, 1- and 2-bedroom units are ...
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Posted by Joe Zekas on July 26, 2012
Planned Property Management, one of our sponsors, bills 1000 North LaSalle as the “dog friendliest apartment building in Chicago’s Gold Coast.” I’ve visited the building and its adjacent dog park several times with Dan McDonough, Planned’s marketing director, and can vouch for its dog-friendliness. There’s a supply of free dog treats in the management office, ...
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Posted by Joe Zekas on June 29, 2012
The Clare at Water Tower, 55 E Pearson St, has dramatically slashed prices on a number of units. Last October we reported that 14 1-bedroom, 1 ½ bath units in the building had been listed for sale in the MLS. The units were priced from $525,000 to $937,985 and ranged in size from 774 to ...
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Posted by Joe Zekas on June 27, 2012
The honking RENT NOW! sign for SoNo East apartments, 840 W Blackhawk St, is atop SoNo West. It’s hard to miss even from points that are miles away. Below are some recent shots from 1157 W Diversey, 629 W Deming and 2850 N Sheridan. The on-site signage is even more difficult to miss. The south ...
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Posted by Joe Zekas on May 23, 2012
Chicago Real Estate Daily is reporting that the Fifield Cos. has won the bidding to develop a new retail / apartment tower on the Jewel site at Clark & Division Streets. The development joins a growing field of new apartment projects underway or on the drawing boards in the Near North area. You can see ...
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Posted by Joe Zekas on May 2, 2012
Planned Property Management just made the dog park at 1000 N LaSalle more pet- and pet-owner friendly with the addition of a grassy area, new benches, dog-activated water fountains and night lighting. The contemporary rental high-rise at 1000 North LaSalle has renovated apartments, a fitness center, door staff and more. Studio, one- and two-bedroom apartments ...
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Posted by sponsored post on April 25, 2012
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