February 2015

There are 12 blog entries for February 2015.

Back towards the beginning of January, plans for a new bar & restaurant were first announced for the recently developed Maggie Daley Park in the Loop.  At that point, many of the specific details were still unknown other than Chicago-based Four Corners Tavern would be building and operating the new space, but now fast forward about six weeks, and we’re able to now view some early renderings of this amazing new downtown restaurant.

First released at the Grant Park Conservancy meeting last night, the proposed concept is from SPACE Architects and Site Design Group, and from the early looks of it, we couldn’t be more excited.

The building’s exterior consists almost entirely of glass, completely preserving sightlines to Buckingham Fountain, as well as

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A new addition to Michigan Avenue is coming soon, and from the early looks of it, it’s rather impressive. Making its official debut on March 6, Under Armour will be opening up their largest brand house in the nation on the corner of Michigan Avenue on Ohio Street, and if you aren’t immediately impressed with the store’s exterior, wait until you get a load of what’s inside.

Although the Under Armour Brand House concept isn’t necessarily new, there's no doubt it will provide shoppers with one of the most unique experiences along Chicago's Magnificent Mile to date.

A full compliment of  high-tech athletic resources and interactive exercise installations will be available to customers at the new store, of which include a “dedicated youth zone” where kids

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Studio Condos in Chicago

Whether you’ve been paying attention or not, smaller, more efficient living spaces are becoming increasingly significant around the United States, especially in larger, more expensive markets like New York, San Francisco, and even in parts of downtown Chicago.

You might have first become aware of this new U.S. housing trend from cable network FYI’s popular reality series Tiny House Nation, but since the show’s first episode aired back in the summer of last year, it seems more and more homebuyers are considering the option of having more financial freedom by limiting how much they spend of what’s usually the most costly expense to living—housing.

In areas that are more urban, like Chicago for example, building a “tiny house” really isn’t feasible due to a

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$10+ Million Real Estate Listings in Chicago

In a market as large as downtown Chicago, luxury home and condos fill out a large portion of the real estate landscape, regardless of which part of town you happen to be searching. But when it comes to buying a new place to call home, the term “luxury”  can have a pretty broad definition, especially when it comes to price.

Luxury condos with only 500 or 600 ft.² might be in the range of $400,000-$500,000, while significantly larger units with three-, four-, or even five-bedrooms are of course priced accordingly. Furthermore, certain condo buildings with a certain status, or certain amenities might also be at a premium, ultimately driving up the cost of what you might pay to own at such locations.

When it comes to the ultra-elite properties in Chicago

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One of Chicago's most visited attractions is about to undergo a pretty substantial makeover in an effort to make the experience more positive to its visitors. As reported in a recent Curbed Chicago piece, the Museum of Contemporary Art Chicago announced a series of updates and renovations that will soon get underway, which includes adding a new restaurant, gallery, and adding totally revamped logo.

The makeover is part of the MCA’s highly publicized Vision Campaign, which has raised nearly all of its $64 million goal. The fourth floor galleries inside the Museum of Contemporary Art will also be renamed the Griffin Galleries of Contemporary Art after longtime trustee and local Chicago billionaire Ken Griffin, who donated $10 million to the institution’s

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Hyatt Centric - Chicago Loop

More news on Chicago’s booming hotel scene, and this time it relates to the new Hyatt Hotel that’s planned for the northwest corner of Clark and Monroe. News first broke about a possible hotel taking over the vintage, 22-story office tower located at 100 W. Monroe back in March 2013, and now, nearly two years later, it appears a Grand Opening is finally in sight and set for sometime in April.

Also just announced is that the new location will be the first to be branded with Hyatt’s new Hyatt Centric™ flag, which brands itself as a designer hotel that puts both business and leisure travelers in central locations of destination cities just like Chicago.

In this case, it can’t get much more central than Clark in Monroe, which puts guests of the new hotel

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An article in Chicago Magazine about teardowns caught our eye yesterday, and although much of it had to do with the suburban Chicago real estate market, we're seeing a similar trend in many neighborhoods across the city as well.

Less than a decade ago, teardowns in both Chicago and its suburbs were fairly common, however, due to the widespread real estate bust that started back in 2008, construction slowed and new development almost went away completely.

Today, it seems the Chicago real estate market has fully recovered and so too has the new construction industry. Developers are demolishing old houses all over the Chicagoland area, and here in the city, neighborhoods like Lakeview, Lincoln Park, Roscoe Village, Bucktown-Wicker Park, and even Logan

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Winter in Chicago is a hassle. The snow, the parking struggles, and the bitter cold weather all help combine to make our lives relatively miserable during a 4-month span each year, and this year is certainly no different.

But if there’s one thing winter can’t do, it’s hide the unparalleled beauty that our great city displays, no matter what month or season it is, winter included. Last month, a video from photographer Colin Hinkle was uploaded to YouTube that offers a unique, bird’s eye view of some familiar landscapes around town, and it’s some footage that truly will make you think twice about how torturous winter can be.

According to Hinkle, the temperature never exceeded 10 degrees throughout the entire filming process, and although many of us can

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Back in 2011, Chicago Billionaire Sam Zell purchased 11 E. Walton, what was then known as the Elysian, for $95 million—a record setting per-room price at the time of $505k. Now fast forward roughly 5 years and Zell is looking to sell the 188 room hotel, now known as Waldorf-Astoria Chicago, and is expected to see a very strong return.

In New York, Hilton Holdings is in the midst of selling the Waldorf-Astoria at 301 Park Ave. to Chinese insurance conglomerate Anbang for a reported $1.95 billion, or about $1.4 million per room, and although Chicago real estate prices are nowhere near New York City’s, it’s a clear sign of just how much hotel values have risen in major markets like Manhattan and downtown Chicago.

Because the sale of Chicago’s Waldorf

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Chicago Short Sales in 2015

With so many good things happening in the real estate industry right now, we’re seeing fewer and fewer short sales around downtown Chicago. According to RealtyTac, a real estate research firm based in Irvine, California, roughly 122,000 short sales nationwide went to closing last year from January to October, with even fewer expected to close in 2015.

In Chicago’s primary downtown neighborhoods like the Loop, South Loop, West Loop, Lake Shore East, Streeterville, River North and the Gold Coast, the total number of short sales has also greatly diminished, especially when you compare figures from a year or two prior to 2014.

Despite the recovery however, if you’re in the market for a new home or condo in downtown Chicago, short sales can still save home

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