Chicago Real Estate News & Neighborhood Notes

In February 2025, One Chicago, the impressive 77-story skyscraper located at the intersection of Chicago Avenue and State Street, reached a notable achievement with the sale of a full-floor condominium for $8.9 million. This transaction not only represented the highest sale price within the building since its completion in 2023 but also highlighted the strength and allure of Chicago's luxury condominium market.

The Landmark Sale
The condominium, situated on the entire 72nd floor, boasts approximately 6,100 square feet of living space. It includes three bedrooms, a spacious open-plan living area, floor-to-ceiling windows offering sweeping city views, and wide-plank oak flooring. Residents enjoy exclusive amenities such as a covered motor

Nestled at the intersection of Lake Michigan and the Chicago River, Cirrus Condominiums stands as a beacon of luxury in Chicago's Lakeshore East neighborhood. This 47-story architectural marvel at 211 N. Harbor Drive offers 363 meticulously designed luxury residences, ranging from one to four bedrooms, and spanning 600 to over 3,000 square feet. With floor-to-ceiling windows, quartz countertops, premium kitchen appliances, and designer cabinetry, each unit promises an unparalleled living experience.

Prime Location 
Cirrus's strategic location provides residents with breathtaking, unobstructed views of Lake Michigan, the Chicago River, and the city's iconic skyline. Situated in the tranquil Lakeshore East enclave, the neighborhood offers proximity

In 2024, Chicago's luxury real estate market witnessed significant transactions, reflecting both the city's architectural grandeur and the evolving dynamics of its high-end property sector. Below is an overview of the five highest-priced home sales in Chicago for the year.

1. 9 West Walton Street, Penthouses 37 and 38 – $19 Million
In November 2024, Illinois Governor J.B. Pritzker purchased two full-floor penthouses at 9 West Walton Street, commonly known as No. 9 Walton, for a combined $19 million. The seller, billionaire Ken Griffin, incurred a substantial loss, having originally acquired the unfinished units in 2017 for $33.65 million. This transaction underscores the challenges faced by Chicago's luxury condo market.

2. 1932 North Burling

The St. Regis Residences in Chicago have recently seen a remarkable increase in high-end condominium sales, emphasizing the property's strong appeal in the luxury real estate sector. A standout sale involved a full-floor condo that fetched $8.3 million, setting a record as the most expensive unit sold in the riverfront tower since its inception. In a noteworthy development, GD Holdings purchased several residential units within this renowned tower for $110 million, further showcasing the St. Regis's timeless allure. Moreover, three luxury condos changed hands over the course of just two days, accumulating a total of $17.1 million in sales. This included a $6.48 million purchase of a unit on the 52nd floor, a $6.3 million sale for a 60th-floor condominium,

This week, Foxtrot reopens its River North location at 401 N. Wells Street, marking a major milestone in the beloved café and market’s revival. The store, reopening on December 5th, will feature its signature mix of curated goods, café offerings, and grab-and-go meals, catering to both neighborhood residents and visitors. As part of the celebration, Foxtrot will provide free drip coffee from 6 a.m. to 10 a.m. on opening day.

The reopening is part of a broader comeback following the chain’s bankruptcy earlier this year, with a focus on neighborhood integration. 

401 N Wells St, Chicago, IL 60654
Hours:  6AM ⋅ Closes 9 PM
Phone: (312) 285-2198

Ken Griffin recently sold two full-floor condos at Chicago's prestigious No. 9 Walton Tower to Illinois Governor J.B. Pritzker for $19 million. This transaction marked a significant financial loss for Griffin, who had purchased the properties for over $34 million in 2017, representing a 44% drop in value. The units, spanning the 37th and 38th floors, are unfinished and include luxury features such as four terraces, a rooftop deck, and access to exclusive building amenities like a gym, sauna, and wine cellar

Griffin's sale follows his departure from Chicago to South Florida, amid criticism of Illinois' governance and rising crime rates. The sale is notable not only for its financial implications but also due to the political rivalry between Griffin

The St. Regis Chicago recently witnessed a significant transaction as GD Holdings acquired multiple residential units within the iconic tower. This deal highlights the enduring appeal of the St. Regis, known for its ultra-luxury accommodations and world-class amenities, even amidst a softening high-end real estate market.

Located at 363 East Wacker Drive, the 101-story St. Regis Chicago, designed by renowned architect Jeanne Gang, is a symbol of opulence and modern architecture. Its residences offer panoramic views of Lake Michigan and the Chicago skyline, complemented by upscale features such as floor-to-ceiling windows, premium finishes, and state-of-the-art amenities, including a sky lounge, private theater, and wellness facilities.

GD Holdings,

Located below Whole Foods in the One Chicago Condominium and Apartment highrise in Chicago's River North, Amazon has officially launched a new chapter in its retail empire with the introduction of Amazon Grocery, combining convenience and innovation to redefine grocery shopping for consumers. Amazon Grocery brings together years of Amazon's expertise in logistics, e-commerce, and AI technology to offer a seamless and accessible grocery shopping experience. The service offers a blend of both online and physical shopping options, allowing customers to choose between convenient delivery services or in-store shopping for a more hands-on experience.

At the heart of Amazon Grocery is its commitment to speed and variety. With a wide range of fresh produce,

                                      
                                                                                                                                                             Photo Courtesy of Costar

The Gold Coasts Viagra Triangle is about to get a fresh addition to its restaurant scene with the highly anticipated opening of Moxies. Located on the ground floor retail space of Newberry Plaza Condominiums (Located at 1030 N. State St.) across from Maple And Ash, Moxies is known for its trendy, upscale vibe and a diverse menu that caters to every palate, Moxies is sure to become a favorite destination for both locals and tourists alike.

Moxies, which has already made a name for itself in other major cities across Australia and North

When exploring housing options in urban areas, two common choices are condominiums (condos) and cooperatives (co-ops). While they may seem similar on the surface, they differ significantly in terms of ownership structure, management, and financial responsibilities.

Ownership Structure
In a condo, you purchase an individual unit, giving you ownership of your space and shared interest in common areas like hallways and amenities. This means you own the unit outright, like owning a house but within a building. You receive a deed and have full control over your property.

A co-op operates differently. When you buy into a co-op, you're purchasing shares in a corporation that owns the entire building. These shares entitle you to a lease for your