July 2016

There are 8 blog entries for July 2016.

Although it feels like we’ve been settled into our chic new downtown Chicago office for awhile now, it’s still sometimes hard to believe how fast we continue to grow and expand. From a small office space in Chicago’s famed John Hancock building to a stylish new loft office with free-flowing work spaces, built-in iMac stations, and even a fully stocked kitchen and bar for all those long hours we put in for each and every one of our clients, the new Gold Coast Realty office now feels like home more than ever before.

Inside, you’ll find high 12-foot wood-beamed ceilings, gorgeous 100-year-old exposed brick walls, gleaming hardwood flooring throughout the entire office, and all the necessary modern updates that continue to put us on the cutting edge of

1,661 Views, 0 Comments.

Plans for another glass condo tower have been revealed for a possible location in Chicago’s Gold Coast. Late last week, Curbed reported that Lexington Homes will be building a sleek new 28 story condo tower on the current site of a surface parking lot right next door to the Ruth Page Center for the Arts at 1016 N. Dearborn. 

With construction already well under way on 4 E. Elm and 9 W. Walton, the luxury condo market in Chicago’s Gold Coast neighborhood is once again booming, and downtown Chicago overall is finally starting to see an influx in new construction condos after luxury rentals have merely dominated the marketplace over the last few years. 

The project’s slick design in from Chicago-based Pappageorge Haymes Partners, a firm that is behind

1,156 Views, 0 Comments.

Although it’s seemed like a story that will never end, there appears to be a final plan in place for the Old Chicago Post Office that has sat vacant for years—finally. News broke yesterday about the city reaching an agreement with the massive building’s new owner, and the best part might be that work can actually begin immediately.

The first order of business is to begin work that will satisfy more than 20 code violations, which will include replacing the building’s roof, restoring the historic lobby, repairing the building’s beautiful facade, add new high-speed elevators, and completely re-work the electrical, plumbing, heating, and ventilation systems.

The entire renovation will be done in three phases and early estimates are showing the entire project

5,010 Views, 0 Comments.

A high-profile penthouse in Streeterville has sold, according to reports from Crain’s Chicago Business. The seller, who is also the former president of E-Trade Securities, officially unloaded the 16th-floor unit at 270 E. Pearson last week for $4.3 million, or for $1.5 million more than it was purchased for back in 2008. 

As noted in the report, the unit features 3,600 square feet across its two levels, and has three full bedrooms, three full bathrooms, and an 800 square foot balcony. Thanks to its location across the street from Lake Shore Park, the space also enjoys incredible views of Lake Michigan, and of course the park below which backs up to the Museum of Contemporary Art Chicago. 

The Belvedere condo is only one of 9 condos publicly listed

1,235 Views, 0 Comments.

According to numerous reports, Chicago’s highest-profile condo development in the works is now over 25% sold before building permits have even been approved. Earlier this week, the Chicago Tribune spoke with Magellan National Marketing Director Jim Losik, who updated the project’s sales by reporting 110 of the 406 planned condos at Vista Tower are now under contract, which include the building’s full-floor units priced around $9 million. 

Developers are hoping to finally begin construction later this month or sometime in August, with construction expected to be finished by late 2019. 

Vista Tower was designed by Jeanne Gang of Studio Gang Architects and will ultimately stand 93 stories high with condo residences not even beginning until the 73rd

836 Views, 0 Comments.

Although Bulls’ superstars Derrick Rose and Joakim Noah are already on their way to New York, they’re apparently not the only local athletes on the move. According to reports, Chicago Blackhawks’ right winger Patrick Kane has just put his lavish two-bedroom condo at Trump Tower Chicago on the market, which was purchased for $2.06 million back in 2008.

Situated up on the 33rd floor, Kane’s Trump Tower unit boasts 2,000 square feet of living space and of course features huge wall-to-wall widows that allow for spectacular city, lake, and river views. Other finishes include Snaidero cabinetry, top-of-the-line kitchen appliances, high ceilings, and of course access to all of Trump Tower’s five-star hotel services.

With Kane just signing a mega contact two

1,105 Views, 0 Comments.

Waldorf Astoria CondosAs first reported by the Chicago Tribune, a lavish, 52nd-floor unit over at the renowned Waldorf Astoria tower in Chicago’s Gold Coast sold for $11.7 million earlier this month, which marks the highest price paid for a Chicago-area home so far in 2016.

The unit that sold first hit the market back in June of 2015, with owners initially asking $13.9 million. An eventual price drop to $12.85 million happened back in March, and now it seems the final purchase price was settled for just under $12 million.

According to property records, the seller first punched the condo back in 2010 for 8.18 million, guaranteeing a profit of just over $3.5 million.

The mega sale at Waldorf Astoria Chicago now beats out a $10.5 million sale of a 300 acre farm out in Lake

852 Views, 0 Comments.

Another dining option is coming to The Loop, giving those who already live or work in Chicago’s primary business district even more choices when it comes where to dine. As first reported by Crain’s Chicago Business, a brand new food hall will be making its way to 205 W. Wacker Drive, just steps from one of the city’s hottest apartment towers, OneEleven.

Although a name has yet to be given to the new dining hall, the space encompasses a sprawling 10,500 square feet and is situated on the building’s ground level. The project, which is a joint-venture from 3Sixty Dining Intelligence, New York-based Alvarez & Marsal Property Investments, and Chicago-based Ameritus Real Estate Investment Management, is expected to open sometime next spring and will

935 Views, 0 Comments.