Chicago Development News

As developers and investors set their sights on Fulton Market, at least one building owner is hoping to cash-in. A single-story property at 941-945 W Lake Street just went on the market.

While there’s no official list price, some expect the building could get bids close to $15 million. The existing owner, also a real estate investor, paid just $2.3 million for the same property 10 years ago.

Of course, that was about six months before Google announced it was moving in. That announcement helped boost property values in the neighborhood to some of the highest in the city, as new trendy restaurants and hotels moved in.

The property is right at the heart of Fulton Market and is considered to be one of just a handful of remaining redevelopment sites. It is

The long-discussed, potential project at 151 N. Michigan is once again changing course, according to recent reports. What was previously going to be a 41-story commercial tower is now going to be a significantly smaller 3-story commercial building.

The existing building, which lies at the corner of Michigan Avenue and Randolph Street, has been vacant sine 2008 when La Strada Ristorante closed. But given its small footprint, development challenges seem to make any future project a bit more complicated.

The owners, Park Ridge-based BJB Partners, also had designs on building a 184-unit apartment tower, with updated plans to add a hotel in 2105. But that plan inevitably dissolved.

The new plan, according to multiple reports, will allow the developer to

A Chicago-based development group is eyeing a 21-story apartment tower just one block east of the Magnificent Mile, a project that could be the first new construction apartments Streeterville has seen in five years.

According to Crain’s, Chicago-based Marek Development is partnering with Chicago-based architecture firm NORR to bring 248 apartments to the northeast corner of East Grand Avenue and North St. Clair Street, and the building would also include 41,000 square feet of office space, 8,000 square feet of ground-floor retail space, and parking for 100 cars.

Believe it or not, downtown apartment construction has been on the upswing over the past year as rents and occupancies have recovered fro pandemic-induced declines.

Despite Streeterville being a

Construction is now underway on a new condo building in Chicago’s West Loop neighborhood. Unlike many of the neighborhood’s other buildings, Embry features a modernized, Art Deco-style façade.

The 15-story building will eventually make room for 58 new condos. Buyers have the option of two-, three- and four-bedroom configurations at Embry. There are also some duplexes in the tower. Many of the units are priced upwards of $2 million. 

The new condos come with such extras as a home office, a den, a full-size laundry room and a large private terrace. Shared amenities include an indoor/outdoor fitness center, a putting green, and a yoga studio. Other planned amenities include an outdoor deck with a firepit and a residential lounge.

The new condo

Chicago’s West Loop neighborhood is on track to add more than 9,000 new apartments. If all goes as planned, reports suggest it could mean more new apartments in the West Loop than the combined total of all of the city’s other downtown neighborhoods.

Apartment development has really taken off in the Fulton Market District in recent years. There are currently about 19 multi-family developments either in the planning stage or already under construction in the district.

New residential development is perhaps the latest phase for Fulton Market, which has recently welcomed in a number of major companies and corporate headquarters. One of the latest apartment projects, meanwhile, is a 30-story building located at 160 N Morgan Street.

The developer behind it is

A new apartment tower could be coming to Streeterville. The planned high-rise sits just one block east of the Magnificent Mile on a corner lot that’s currently occupied by a parking garage.

Mavrek Development is joining with GW Properties and Luxury Living Chicago Realty to build the 21-story apartment building at the corner of North St Clair Street and East Grand Avenue. Chicago architecture firm NORR will be designing the tower, which will eventually include 248 apartments, thousands of square feet of ground floor retail space and tens of thousands of square feet of office space.

Around half of the rental apartments will be studios, while the rest will come in one- and two-bedroom layouts. A majority of the apartments will have the advantage of private

Hundreds of new apartments could be coming to the West Loop. Two local developers have proposed a new 36-story apartment building, which could mean 362 more apartments for the area. 

The site sits on South Green Street, close to the Jane Byrne Interchange. It’s currently home to low-rise buildings and a parking lot. 

If all goes through, the new apartment tower will be one of the tallest buildings in the neighborhood. The architect for the 404-foot building is locally based Goettsch Partners.

Plans call for the building to rise up from a three-story podium, which includes some parking spaces. One of the developers, Golub & Co, already has projects in the Loop, South Loop and Streeterville.

The other developer, GSP Development, has ties to Glen

Fulton Market could soon make way for a massive new apartment tower. If the plan goes through, it could become one of the largest residential complexes in Fulton Market.

The plan calls for a 32-story tower with 433 residential units on West Fulton Street. The developer behind the project is Fulton St Companies, which is working in conjunction with Chris Merrill, co-founder of Harrison Street Real Estate Capital.

The duo purchased the property at 1201-1215 West Fulton Street last fall for $20 million. Morris Adjmi Architects is the firm responsible for designing the new tower.

Fulton St Companies appears to be expanding from the West Loop, where the firm has seven properties with plans for six projects in all. Five of them are commercial developments, while

Bungalows and two-flats may be commonplace in some Chicago neighborhoods, but there’s a new home style that seems to be sweeping across the city. The homes are often called “Mod Boxes”, but no matter what you call them, they’re boxy, contemporary new residences.

It’s said these types of homes are the result of using computer-aided design programs. The homes are box-shaped, and sometimes covered by fiber cement panels or an aluminum-like façade.

They’ve been called “McModerns” or even “Gentrification Cubes” because these boxy homes are often constructed as replacement homes or infill homes in existing neighborhoods. In some cases, they’ve spread across entire blocks.

One editor and former columnist coined the named “Minecraft Modern”, because the homes seem

As we start a new year, buyers will find plenty of great options when it comes to Chicago luxury condos. Here are some of the top buildings to select in 2022:

St. Regis

For sweeping views of Lake Michigan and the city itself, consider the St Regis. This visionary property rises up a full 101-stories above Downtown Chicago. The building offers such exclusive amenities as a 47th floor amenity space with a Zen garden terrace, a swimming pool, a wine tasting room and a demonstration kitchen. You’ll also find a fitness center, a screening room and an incredible Sky Lounge with floor-to-ceiling windows to admire the surroundings.

Reed at Southbank

The Reed at Southbank is a luxury property that sits right along the river. The building is home to