Real estate news & trends
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New homes
From yesterday’s Crain’s Chicago Real Estate Daily: Local new-home sales are surging in the suburbs but dropping off in the city, a tale of two markets as the homebuilding business rebounds from a six-year slump. The nascent homebuilding recovery has been more sprawling than skyscraping in Chicago, with suburban new-home sales jumping nearly 22 percent ...
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Posted by Joe Zekas on October 31, 2012
Five years ago we posted the following report: Sales of new homes downtown fell 46 percent during the first quarter, according to a story in Crain’s Chicago Business, which quoted a new report by Appraisal Research Counselors. Buyers signed contracts for 1,207 new homes downtown during the first quarter, a 46 percent drop from the ...
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Posted by Joe Zekas on May 17, 2012
Five years ago YoChicago looked in on Bronzeville for an extended peek at what was hoped to be a massive transformation of the South Side neighborhood. The demolition of some of the CHA’s most troubled housing developments and the development of five large-scale new projects – Jazz on the Boulevard, Lake Park Crescent, Oakwood Shores, ...
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Posted by Joe Zekas on May 2, 2012
You’ll often get a more informed perspective on how a home lives when you see it through the eyes of the builder. The 4,300 square foot home at 26104 Stewart Ridge in Plainfield was built by Christyn as a showplace model for the Northern Illinois Homebuilders’ Cavalcade of Homes. A great deal of thought and ...
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Posted by sponsored post on April 10, 2012
When Belgravia Group took over CA23 in the West Loop, it lowered prices and quickly sold out the condominium units in the 24-unit Phase I. Somewhat to Belgravia’s surprise, there was quite a bit of buyer interest in Phase II, an additional 24-unit building. “One of the things that Belgravia is really good at is ...
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Posted by sponsored post on March 23, 2012
Noah Properties may well be the hottest-selling developer on Chicago’s North Side. Its detailed-to-the-max single-family homes and condos have been selling almost as quickly as they’re completed. At 2431 W Belmont Ave, a block from the popular Roscoe Village neighborhood, Noah is building 3 6-flat condos with 3- and 4-bedroom, 2-bath units that include garage ...
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Posted by sponsored post on February 18, 2012
If you’re familiar with the conventions for naming real estate developments you’ll immediately know that Edgebrook Glen is not in Chicago’s Edgebrook neighborhood and has no glen on site. That knowledge is insufficient to prepare you for the radical disconnect between the way the development of 64 single-family homes was marketed and the reality of ...
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Posted by Joe Zekas on February 7, 2012
The US Census Bureau reports that November new home sales (pdf) were at a seasonally adjusted annual rate of 315,000, a 1.6% increase from the October rate, and a 9.8% increase from the November of 2010 pace. As is often the case, the national numbers mask sharp variations among regions. Sales actually declined sharply in ...
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Posted by Joe Zekas on December 23, 2011
The 2500 block of Patterson is a quiet cul-de-sac that’s been built out with newer million-dollar homes in Chicago’s North Center neighborhood. It presents a beautifully landscaped streetscape that’s teeming with young children in the early evening. The location is in the highly sought-after Bell School District, which accounts for the unusually large number of ...
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Posted by sponsored post on November 20, 2011
Noah Properties has recently completed three new contemporary homes in the 1800 block of West Erie in Chicago’s East Village. The first two sold rapidly and this one, at 1838 W Erie St, has just come on the market. The three homes have similar exteriors but very different interiors. This one has a very homey, ...
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Posted by sponsored post on November 17, 2011
As you enter the newly-built, recently-listed, 4-bedroom, 3 ½ bath home at 514 N Ada St you’re facing a dramatic soaring staircase framed in glass, set at an angle and capped with an unusual chandelier. The staircase serves as a fitting introduction to this unusual home and its high-style finishes. The spacious home is flooded ...
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Posted by sponsored post on November 16, 2011
The 1200 block of Lill in Lincoln Park / DePaul is a quiet, secluded location that’s just a few blocks from the Fullerton El stop. At the end of the block is Supera Park, a hub for neighborhood gatherings that’s generally packed with children. There’s a Starbucks across the street from the park and popular ...
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Posted by sponsored post on November 14, 2011
Each of the homes I’ve seen from Noah Properties has had a few signature touches: lavish kitchens and baths, high-style lighting fixtures, hardwood floors throughout the main living areas, high-ceilinged highly functional lower levels, and a front-bedroom on the second level with huge street-facing windows. Despite the similarities, each of the homes has been a ...
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Posted by sponsored post on November 9, 2011
Despite the high-end finishes and quality appliances that reside in their granite and stainless steel kitchens, residents at Oakwood 200 Squared, 210 N Wells St, may never use their amazing kitchens. They are, after all, within a few blocks of hundreds of dining options that range from fast food to fresh fish, or succulent sushi ...
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Posted by sponsored post on November 8, 2011
Condo prices slowly fall as you head further west along Chicago Avenue in Chicago’s West Town community area. By the time you reach the corner of California and Chicago you can command a high-style, 1,500 square foot, 3-bedroom, 2-bath home with all the bells and whistles for $259,900. Less than a mile to the east ...
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Posted by sponsored post on November 7, 2011
Golub and Company has submitted a Planned Development proposal for a mixed-use project on a site fronting McClurg Ct between Grand Ave and Ohio St. There is currently no timetable for groundbreaking. Golub and Company is the developer and Solomon Cordwell Buenz the architect. The current plan calls for 490 apartment units in a 44-story ...
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Posted by Joe Zekas on November 6, 2011
AMLI River North, 71 W Hubbard St in Chicago’s River North neighborhood, is slated to be a 50-story, 409-unit apartment tower with 262 parking spaces and 4,500 square feet of ground level retail. Groundbreaking for AMLI River North occurred in October 2011, and the building is expected to be open in July of 2013. The ...
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Posted by Joe Zekas on November 1, 2011
Site work on the Coast at Lakeshore East, 345 E Wacker Dr, began in June of 2011. When it is completed in February 2013, the 49-story Coast will include 499 residential apartments, 18,000 square feet of retail space, 18,000 square feet of amenities and parking located below Wacker Drive. Pedestrian access will be from Wacker ...
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Posted by Joe Zekas on October 30, 2011
Today’s new listing alert included two units in a building nearing completion at 622 N Ashland Ave on the eastern edge of Chicago’s East Village neighborhood. Unit 4 is a 2,200 square foot 3-bedroom, 3-bath priced at $629,000, which includes rights to the entire roof. Unit 2, also a 2,200 square foot 3/3 has rights ...
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Posted by Joe Zekas on October 28, 2011
The east view (above) from the fourth floor of the existing building at CA23, 23 N Aberdeen in the West Loop, is a good proxy for the view that buyers will enjoy from the upper floors of Phase II when it is complete. Earlier this year a Belgravia Group affiliate took control of 11 unsold ...
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Posted by Joe Zekas on October 26, 2011
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