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ChicagoDowntown / Loop

An aerial view of new Near North Side developments

Near North Side aerial

An aerial view of the area bounded by Clark St and the Chicago River, from Chicago Ave (800 N) north to Division St (1200 N) reveals a location with a large amount of vacant land and tremendous potential for development. Developer Steven Fifield has called the area, which is bordered by thriving River West, River ...

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Posted by Joe Zekas on October 17, 2014
ChicagoDowntown / Loop

River West apartment towers take a step forward

Gonnella site

The rezoning of the former Gonnella Baking site at 1001 W Chicago in River West is one of the items on the Chicago Plan Commission’s agenda at its October 16 meeting. A Seattle-based developer is proposing to rezone the 1.88-acre site for two-mixed use 14- and 15-story buildings with a total of 363 apartments, 35,000 ...

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Posted by Joe Zekas on October 14, 2014
ChicagoNorth Side

Is demolition near at Lincoln, Belmont and Ashland?

Lincoln Belmont Ashland

Six weeks ago Chicago Real Estate Daily reported that the “Target site” in Lakeview had been sold to Novak Construction in “a possible first step toward redevelopment…” A second step appears imminent. There’s construction fencing at the north end of the site and signage from a demolition company. We first reported on plans for development ...

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Posted by Joe Zekas on September 24, 2014
ChicagoDowntown / Loop

New City Apartments, 1501 N Halsted St, Near North Side

New City, 9/2/14

New City is a 19-story, 199-unit apartment tower that is under construction on the Near North Side. The building is part of New City, a major development on an 8 ½-acre site bounded roughly by Halsted St and Clybourn Ave. New City will include 400,000 square feet of retail, restaurant and office space, and an ...

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Posted by Joe Zekas on September 9, 2014
ChicagoDowntown / Loop

From the vault – a Roosevelt Collection high-rise

Roosevelt Collection

It was nearly eight years ago when Centrum Properties began leasing retail space for the as yet unbuilt Roosevelt Collection site in the South Loop. An early rendering, above, showed the retail, the proposed loft condos and a high-rise to their north. The high-rise was included in a scale model of the development when we ...

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Posted by Joe Zekas on July 14, 2014
ChicagoSouth Side

Construction views – City Hyde Park and Vue53

City Hyde Park

It’s been nearly 25 years since a new high-rise apartment building has been built in Hyde Park. That decades-long drought is slated to end next year with the opening of two projects that are in the early stages of construction: City Hyde Park and Vue53. City Hyde Park will occupy the block-long site, pictured above, ...

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Posted by Joe Zekas on April 28, 2014
ChicagoFar North

Alderman’s Facebook page announces new Ravenswood development

Aerial view Clark & Lawrence

News about new developments surfaces in many venues. On April 12th, the Facebook page for 47th Ward Alderman Ameya Pawar announced a proposed development at the northwest corner of Clark and Lawrence, a site that’s been vacant for more than half a dozen years. The site is zoned B2-3, which would allow a mixed-use retail ...

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Posted by Joe Zekas on April 15, 2014
ChicagoDowntown / Loop

An updated look at the New City mega-development

New City ironworkers

Construction was proceeding across much of the sprawling New City site when I visited yesterday. This major development will extend the Clybourn Corridor south of Lincoln Park and include 360,000 square feet of retail space, medical offices, 199 apartments and 1,100 parking spaces. If you’ve ever tried to walk an I-beam you’re likely to marvel ...

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Posted by Joe Zekas on March 18, 2014
ChicagoDowntown / Loop

Streeterville’s best apartments – Proximity to retail shops

900 N Michigan shops

The first posts in our series on the best Streeterville apartments spotlighted the buildings with the best views and most convenient access to grocery shopping, bars and restaurants, public transportation, parks and beaches and the expressway grid, and the shortest walk to the Loop. Being close to retail shops isn’t likely to be the sole ...

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Posted by Joe Zekas on January 13, 2014
ChicagoDowntown / Loop

Urban Outfitters leases at the Mariano Park triangle

Mariano Park

When I looked down on Mariano Park from a balcony at 1133 North Dearborn several months ago I was surprised to see that the site formerly occupied by the Hunt Club was still completely vacant. It’s the property behind the fence at the lower center of the above photo. The park is ringed by popular ...

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Posted by Joe Zekas on January 9, 2014
ChicagoDowntown / Loop

The South Loop’s best apartments – proximity to retail shops

Bevello, Roosevelt Collection

Our earlier posts spotlighted the South Loop apartment buildings with the best views, the most convenient grocery shopping, the best access to public transit, parks and beaches, the expressway grid, dining and nightlife, and the shortest walk to the Loop. The South Loop has a well-deserved rap for being under-retailed: it’s a retail desert. If ...

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Posted by Joe Zekas on December 18, 2013
ChicagoDowntown / Loop

New City groundbreaking draws a crowd

Bob Mariano interview

Construction activity was in full swing yesterday while the groundbreaking ceremony was underway for the New City development at Halsted and Clybourn. The tent set up for the ceremony held a packed crowd, with an additional 50 people standing behind the camera platform. Structured Development’s J. Michael Drew announced that Kings Bowl America will be ...

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Posted by Joe Zekas on December 4, 2013
ChicagoDowntown / Loop

Work underway on Clybourn Corridor’s New City

New City development

New City, a major development that will extend the Clybourn Corridor south of Lincoln Park, has languished for years. Yesterday Chicago Real Estate Daily reported that the project signed another anchor tenant and secured $182 million in financing to move forward. A 59,000 square foot Dick’s Sporting Goods will join an 82,000 square foot Mariano’s ...

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Posted by Joe Zekas on November 21, 2013
ChicagoSouth Side

Whole Foods goes where urban renewal went to die

Englewood, Chicago

Ten years ago reporter John McCarron wrote this about Englewood: This is the place urban renewal came to die. It died during the early ’70s, right here in Chicago, at the intersection of 63rd and Halsted Streets. By then, so much had been dying in the neighborhood called Englewood—shopping, housing, young men, hope for the ...

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Posted by Joe Zekas on September 5, 2013
North ShoreWinnetka

Renovated office space in Winnetka

874 Green Bay Winnetka

My itinerary last Friday and Saturday started in Winnetka and moved on to Evanston, Park Ridge, the city and Highland Park. BJB Evanston, one of our sponsors, has a renovated retail / office building at 874 Green Bay Rd in Winnetka, at the intersection of Tower Rd and Green Bay. The building is in the ...

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Posted by Joe Zekas on August 12, 2013
ChicagoDowntown / Loop

Updates: The Maxwell and Roosevelt Collection

Roosevelt Collection

The Roosevelt Collection’s retail space has finally begun to fill, years after the first apartment renters were led to believe they wouldn’t be living above vacant storefronts. H&M is now open, several additional shops appear nearly ready to open, and the project’s website is touting that “something big is happening … the evening of August ...

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Posted by Joe Zekas on July 29, 2013
ChicagoDowntown / Loop

Construction update: Catalyst, 111 W Wacker, River Point and more

Catalyst, 630 W Washington

Recent visits to the roof of Hubbard Place in River North and a penthouse at K2 in the Fulton River District gave me good vantage points to look at the progress of a number of developments. Workers are completing the second floor of Catalyst, a 22-story, 223-apartment building pictured above at 630 W Washington in ...

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Posted by Joe Zekas on July 15, 2013
ChicagoDowntown / Loop

Is East Village the next Bucktown?

1900 block Chicago Ave

The fact that we’re even asking the headline question is an indication that the real estate market has taken a turn for the better this year. During the past half-dozen years, speculation about the “next hot neighborhood” was a way to elicit well-justified scorn. During those years, however, without much fanfare, 100s of new homes ...

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Posted by Joe Zekas on July 9, 2013
ChicagoDowntown / Loop

An updated look at The Maxwell in not-the-South Loop

The Maxwell site

Its website will inform you that “The Maxwell is located at an intersection in the epicenter of the South Loop.” The statement would be accurate if the epicenter of the South Loop was across the river from the South Loop, but of course it isn’t. Construction was underway on the 231,000 square feet of retail ...

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Posted by Joe Zekas on June 5, 2013
ChicagoDowntown / Loop

An updated look at the long-awaited Roosevelt Collection retail

Roosevelt Collection

It was nearly four years ago when Chicago’s ever-deceptive rental services tried to sucker renters into the Lofts at Roosevelt Collection with the promise of “40+ great shops” and “Fabulous restaurants and outdoor cafes.” Many a lease has expired in the interim without any part of that promise having been fulfilled. In February of 2012 ...

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Posted by Joe Zekas on June 4, 2013