October 2015

There are 7 blog entries for October 2015.

Not long ago, LG Construction + Development proposed plans for a 15-story, 90-unit apartment building that’s unlike many other high-end rental projects we’re used to seeing built out here in downtown Chicago. First of the all, the site for the new development, which is located in Printer's Row, is only a quarter-acre, meaning living spaces will also be a bit smaller than what you might expect.

Being called micro-apartments, units at this new Printer’s Row apartment building will only average around 350 square feet, but inside, only top-of-the-line finishes and features will be offered, providing those who live here an upscale, luxurious look and feel at a price that won’t break the bank.

The compact design of micro apartments is meant to attract young

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Gateway South Loop

If you haven’t heard of the new mega development possibly coming to the South Loop called Gateway, it’s only a matter of time before it hits your radar. Planned for a location that would overlook Soldier Field and Museum Campus, the $3 billion Gateway project could include as much as 3,000 homes and 500 hotel rooms that would occupy a site just west of Lake Shore Drive.

Although current developers are still planning a strategy and weighing options that may include bringing in additional partners, the impact such a project would have on the South Loop real estate market is undeniable, especially given what’s already happening in the neighborhood with the new DePaul arena and various other large scale projects currently in the works.

One major challenge

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167 W. Erie Rentals, Chicago IL

As first reported by Curbed, construction can now officially begin on the new 41-story, 444-unit tower that’s planned for the old Gino’s East site in River North. Just last week, the city finally issued permits that will allow the foundation of the new structure to be built out, meaning it’s only a matter of time before we start to see the area’s next residential high-rise to come to fruition.

Demolition for the old eye-sore of a restaurant started back in July and now as we approach the end of 2015, this long-awaited project finally seems ready to get rolling, which should be wildly popular despite the luxury rental market in the city being flooded with new development.

Located at 167 W. Erie, the impressive new tower was designed by Loewenberg

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Uniqlo Chicago

Exciting news for Chicago’s Magnificent Mile, as Uniqlo, a popular Japanese retailer known for its affordable prices, is set to open its new three-story store over at 830 N. Michigan Avenue.

The new store, which will have 60,000 square feet and be the second largest in the country next to its flagship location in New York, will be in direct competition with H&M, which is just a couple doors down, and other popular U.S. brands like the Gap and Express.

For anyone still unfamiliar with the international clothing chain, Uniqlo originally started back in 1984, only recently making its way to the U.S. back in 2005. The new Michigan Avenue location will be the first in the Midwest and according to a release, the company will be throwing a huge party on Friday

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Trump Tower Chicago Condos

The most expensive condo currently for sale inside Trump Tower right now is listed for $4 million. A spectacularly remodeled three-bedroom, four-bathroom unit with over 3,100 square feet of living space, the attention paid to all the little details inside this 69th floor unit is, in many ways, unparalleled and won’t leave potential buyers disappointed.

High quality wood work, motorized curtains, and a custom designed lighting package are just a few of the noteworthy finishes that you’ll find here in 401 N. Wabash #69E, but like most units this high up in the building, the real treat is with the stunning city, lake and, river views that are among the best you’ll find in any building the city.

Detailed by a recent piece in Crain’s, the owners are a couple

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Chicago Bike Lanes

Over the past 3 to 4 years, the city of Chicago has really made a strong effort to improve its biking infrastructure, and now, reports are surfacing that Mayor Emanuel’s ambitious goal of installing more than 100 miles of protected bike lanes by the end of 2015 has officially been reached.

The goal, which was set back in 2011, is a testament to the mayor’s passionate devotion to making Chicago America’s most bike-friendly city, and today, there are now nearly 300 miles of designated bike lanes in Chicago, with construction continuing on even more lanes well underway.  

In fact, the plan is to install 50 more miles of better biking lanes over the next 4 years, which couldn’t come at a better time. According to a recent article from The Chicagoist, biking

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Chicago New Construction
In many ways, 2015 has been the year of new development in downtown Chicago, but with so many large-scale projects underway, much of the city’s new construction will undoubtedly carry into 2016, and even beyond for some of the mega projects that have either been proposed or are already in the works.

As of today, 21 high-rises are currently under construction somewhere in Chicago, ranging from apartments to condos, and even a few hotel developments mixed in as well. And while that number is certainly impressive on many different levels, some of the city’s most impressive projects could still be on the way, like Wanda Vista, 113 Roosevelt, or the massive River South development that could potentially bring 900 more residences to the South Loop riverfront.

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