Real estate news & trends

Search posts

Renovation

ChicagoDowntown / Loop

Bowling alley apartments score $32.5M in West Loop

13Thirteen Randolph

The bowling-alley configuration of apartments at the recently renovated 13Thirteen didn’t deter an institutional investor from ponying up $32.5 million for the 74-unit West Loop building. Crain’s Chicago Real Estate Daily reported the sale yesterday. Will renters continue to spare the dollars for this location, or will they go on strike and split for the ...

6 comments Read the full article →
Posted by Joe Zekas on February 13, 2014
ChicagoDowntown / Loop

13Thirteen apartments, 1313 W Randolph St, West Loop

1313 W Randolph

13Thirteen is a 3-story, 70-unit loft building at 1313 W Randolph St in the West Loop. The 130,000 square foot Art Deco building was built in 1927 and housed the Wholesale Florist Exchange. It was converted to residential lofts in 2012. The first floor of the building is retail space, part of which was recently ...

Comment Read the full article →
Posted by Joe Zekas on December 31, 2013
ChicagoDowntown / Loop

A video tour of 850 Lake Shore Drive

850 Lake Shore Drive

In the video Crain’s Alby Gallun and developer Matt Phillips tour 850 Lake Shore Drive and chat about the current rental market. The 17-story building, formerly the Lake Shore Athletic Club and a Northwestern dorm, is being renovated into 198 luxury apartments. First occupancies are slated for next month. Phillips expects 850 to do well, ...

Comment Read the full article →
Posted by Joe Zekas on December 27, 2013
ChicagoDowntown / Loop

Lake Street Lofts, 910 W Lake St, West Loop

Lake Street Lofts

Lake Street Lofts is a 6-story, 89-unit loft apartment building in the West Loop. Built in 1886, the heavy-timber building was home to the Zimmerman Brush Company store and factory before its 2000 renovation and conversion. FitzGerald Associates, the architecture firm responsible for the conversion, has its offices on the ground floor of the building, ...

Comment Read the full article →
Posted by Joe Zekas on December 26, 2013

Flats Chicago – proceed with caution, renters

5718 N Winthrop

We’ve been following the progress – or lack thereof – on Flats Chicago buildings for some time. Our interest was initially piqued by what struck us as a near-zero correlation between the company’s hype and the facts behind it. Back in June we reported, with a skepticism not exhibited in other media reports, Flats Chicago’s ...

7 comments Read the full article →
Posted by Joe Zekas on November 14, 2013
ChicagoDowntown / Loop

A peek inside the new Presidential Towers

Presidential Towers

I visited Presidential Towers (PT) last week in the company of David Scharfenberg, who became the General Manager of the West Loop property just shy of two years ago. During his brief tenure Scharfenberg has presided over a truly amazing number of changes, and PT now bears little resemblance to its prior state. More than ...

Comment Read the full article →
Posted by Joe Zekas on October 9, 2013
ChicagoNorth Side

An extra-wide 4-bedroom in the Bell School District

2433 W Byron

The latest home in the rapidly-selling PNC Development portfolio is a 4-bedroom, 3 ½ bath on a wide 33 x 125 foot lot at 2433 W Byron in North Center. The 4,000 square foot home is half a block from Revere Park, on a quiet, tree-lined street, and in the sought-after Bell School District. It ...

Comment Read the full article →
Posted by sponsored post on October 1, 2013
ChicagoDowntown / Loop

Presidential Towers apartment renovations underway

Presidential Towers

When Presidential Towers (PT) was experiencing financial difficulties in the late 80s we ran a contest asking readers to suggest alternate uses for the property. Most of the submissions have long since passed out of memory, but there are two that I recall. The first started with the notion that the buildings resembled a sequence ...

1 comment Read the full article →
Posted by Joe Zekas on September 25, 2013
ChicagoDowntown / Loop

The Seneca apartments, 200 E Chestnut St, Streeterville

Seneca

The Seneca, a 16-story building at 200 E Chestnut St in Streeterville was built in the 1920s as a hotel. It was designed by the Burnham Brothers firm, named for Daniel Jr and Hubert Burnham, who were sons of the legendary Daniel Burnham. Waterton Residential acquired The Seneca in June of 2012 and began renovating ...

Comment Read the full article →
Posted by Joe Zekas on September 20, 2013
ChicagoDowntown / Loop

850 Lake Shore Drive apartments, Streeterville

Aerial view of 850 LSD

The classic 17-story building at 850 North Lake Shore Drive in Streeterville was built in the 1920s as a private athletic club and apartments. Northwestern University acquired it for use as a dorm in the 1970s, but shuttered it in 2005 and put the building up for sale. Integrated Development Group originally proposed to convert ...

Comment Read the full article →
Posted by Joe Zekas on September 17, 2013
ChicagoDowntown / Loop

Randolph Tower, 188 W Randolph St, Loop

Randolph Tower Chicago

The 45-story, 313-unit Randolph Tower, 188 W Randolph St, opened for occupancy in the first quarter of 2012 after undergoing a complete renovation. Retail and office space is available on the building’s lower floors. An on-site restaurant / bar is slated to open in the fall of 2013. The Gothic Revival building, completed in 1929, ...

Comment Read the full article →
Posted by Joe Zekas on September 3, 2013
ChicagoNorth Side

What’s up with Flats Chicago?

2500 N Clybourn

In mid-June we were told that Flats Chicago’s projects at 2500 N Clybourn and 7722 N Ashland would be ready for occupancy in early July. That hadn’t happened when we visited on July 4 for the above shot. We stopped by all of the Flats Chicago projects about 10 days ago and they all remained ...

11 comments Read the full article →
Posted by Joe Zekas on July 31, 2013
News & trendsArchitecture & design

Blair Kamin is back in Chicago

Wrigley Building

Blair Kamin, the Tribune’s award-winning architecture critic, has spent the past year at Harvard as a Nieman Fellow. He’s apparently back in Chicago and has just weighed in on the recently-unwrapped renovation of the Wrigley Building, which he finds to be both “a visual feast” and lacking in some respects. Kamin’s conclusion: The exacting restoration ...

Comment Read the full article →
Posted by Joe Zekas on July 12, 2013
ChicagoDowntown / Loop

850 Lake Shore Drive slates occupancy for late this year

850 LSD

Late last week Crain’s Chicago Real Estate Daily reported that the developer of the former Lakeshore Athletic Club at 850 N Lake Shore Dr had secured an $80 million construction loan to complete the conversion of the building to 200 rental apartments. The Crain’s report contained a major surprise: “The construction is probably about two-thirds ...

Comment Read the full article →
Posted by Joe Zekas on May 14, 2013
ChicagoDowntown / Loop

A Fulton Market Cold Storage update

Fulton Market Cold Storage

We don’t normally cover office developments – unless they’re likely to have an impact on demand for nearby residential properties. That appears to be the case with the redevelopment of the Fulton Market Cold Storage building, 1000 W Fulton, into 1K Fulton. The building is in the largely-industrial Fulton Market neighborhood. The building has made ...

Comment Read the full article →
Posted by Joe Zekas on April 30, 2013
ChicagoSouth Side

Pre-grand opening Saturday for renovated Sutherland apartments

Sutherland, 4659 S Drexel

The Sutherland, 4659 S Drexel Blvd, has a rich history. The building was built in 1917 as a military hospital, was converted to a hotel, became a destination for jazz lovers, was eventually converted to affordable housing, and is now entering a new phase. The Sutherland is currently being transformed into 122 luxury apartments. Its ...

1 comment Read the full article →
Posted by Joe Zekas on April 12, 2013
ChicagoFar North

Apartments slated for former Uptown hellhole

Somerset Place

Add yet another project to Chicago’s rental apartment boom. Somerset Place, an Uptown hellhole that was shut down by the state three years ago, will be transformed into rental apartments. The building, at 5009 N Sheridan, began its life as the 441-room Somerset Hotel. According to a recent announcement from FitzGerald Associates Architects: FitzGerald has ...

Comment Read the full article →
Posted by Joe Zekas on February 27, 2013
ChicagoDowntown / Loop

Lakefront Chicago landlords upgrading nearly everything

Echelon at K Station

The spate of stories you’ve been reading recently about record-high rents and low vacancy rates might have you wondering whether Chicago landlords have put their properties on auto-pilot and laid back to enjoy the feast. They haven’t. The addition of thousands of units to the market during the past several years, along with the competition ...

Comment Read the full article →
Posted by Joe Zekas on September 7, 2012
ChicagoDowntown / Loop

Park Michigan Apartments makeover adds Snap Fitness

Park Michigan video

Snap Fitness bills itself as a club “packed with the industry’s best cardio and exercise equipment.” Construction is scheduled to begin shortly on a new Snap Fitness facility at Park Michigan, 1212 S Michigan Ave in the South Loop. Residents of the building will have free memberships and the club will also be open to ...

Comment Read the full article →
Posted by sponsored post on September 4, 2012
ChicagoDowntown / Loop

New Streeterville apartments at The Seneca on Chestnut

The Seneca, video

The Seneca, a historic hotel at 200 E Chestnut St in Streeterville, is being transformed into 260 apartments by Waterton Residential. We stopped by a press event yesterday for a look at the renovation efforts, and to view a model apartment furnished by Room & Board. Updated studio, 1- and 2-bedroom, 2-bath units feature wood ...

Comment Read the full article →
Posted by Joe Zekas on August 29, 2012