August 2016

There are 8 blog entries for August 2016.

A fancy new condo development is seeking city approval that will no doubt feature some of River North’s coolest new condo residences once finished. What was originally planned to be a 10 story development from MCZ Development is now a pretty slick 12 story development from Chicago-based LG Development. 

Designed by NORR Architects, the rendering shows a sleek glass and concrete exterior that not only fits the trendy River North mold perfectly, but also provides residents with what look to be pretty spacious private terraces, large floor-to-ceiling windows, and reportedly on-site parking as well.  

Located at 61 W. Erie, the new project will only include 10 units and 10 ground level parking spaces, so options and opportunities within this fabulous

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CIM Group has certainly made plenty of headlines in recent months with its new Marquee at Block 37 development, but reports have now surfaced that link the Los Angeles-based developer to a deal that could lead to a redevelopment of one of downtown Chicago’s most iconic and historic high-rises. 

According to reports out of the Chicago Tribune and several other major media outlets, CIM Group has apparently reached an agreement to purchase the famed Tribune Tower for $240 million—a deal that seems to have been in the works for quite some time. 

Over the next year or so, Tribune Media plans to move out several hundred employees, which could provide an opportunity for CIM Group to revamp the 33 story tower, which was originally completed back in 1925.  

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Recent news reported by Crain’s continues to confirm The Loop’s on-going transformation into a red hot location for anybody looking for a downtown apartment—and this time, it’s looking like a vintage Loop commercial building could be slated for a residential conversion sooner rather than later.  

According to the report, an affiliate of Chicago-based Marc Realty Capital purchased 330 S. Wells Street for $10.1 million earlier this month, although specific plans as to what the developer plans to do with the property have not yet been revealed. 

Even still, the firm that acquired the property specifically specializes in developing apartments, and given demand for rentals in The Loop right now, speculation for a possible residential conversion

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With Chicago’s apartment market still trending upward and rents all over the city also increasing quite dramatically, a new concept is being tested up on Chicago’s north side.

Although most of the spectacular new rental high-rises that are being developed are worth every bit of what tenants are paying, not everybody has the means or is capable of paying the rent prices seen at many of these new luxury towers. And with many people specifically wanting to live in the city at a price point of around $1,000 or less, Cedar Street Companies saw an opportunity.

Being marketed under the Flats brand, which operates under the Cedar Street Companies umbrella, Uptown’s Lawrence House has been completed renovated and revamped to feature affordable micro

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It’s been a little while since we’ve heard about Riverline—the mega South Loop mixed-use development in the works that will totally redefine the neighborhood as we know it. But late last week, new details emerged about the project that directly relate to when we might finally see work for this massive undertaking begin.

According to a release from CMK Companies and Lendlease, the partnering developers for the project, groundbreaking for Riverline is finally expected to happen around the middle of next month, with the first phase expected to include two residential towers, 60 new townhouses, and a 3.5 acre riverfront park. 

Designed by Perkins+Will, Riverline will encompass a 14-acre parcel that currently acts as the last major development

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With so many new apartment developments coming through the pipeline, and now even quite a few condo buildings (see No. 9 Walton, 808 Wells, and 403 N. Wabash just to name a few), the Aurélien is a fabulous new rental tower that has to some degree slipped through the cracks a bit. 

Being built at 833 N. Clark, Aurélien will be a 31-story, 373 unit apartment tower when finished, adding to the already incredible collection of new construction rentals to be added to the growing Gold Coast/River North inventory.  

The project is a joint venture between Lincoln Property Company and Ryan Companies, while the building itself was designed by Antunovich Associates. Inside, Aurélien will be comprised of 78 studio and convertible units, 212 one-bedrooms, 76

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111 W. Chestnut has been vacant for far too long, and for many Gold Coast residents, its a part of the neighborhood that’s simply been an eyesore. But after years of waiting, it appears construction is about to begin on what should be a very nice addition to what’s already one of Chicago’s most sought neighborhoods. 

Being called the Chestnut Row Homes, Pritzker owned Tawani Enterprises is planning to bring one of a kind 8 stunning new rental row houses (Yes, I said Rental) to the vacant lot over at the southwest corner of Clark and Chestnut Street, which look about as appealing and desirable as it gets for new construction in the Gold Coast.  

Inspired by 1880s era homes, these elegant new residences should blend in seamlessly with the already

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Park Hyatt Condo $12 MillionIf you want incredible views and the kind of luxury living only a handful of condo buildings in Chicago provide, the new $12 million listing at Chicago’s Park Hyatt might be worth a peek. Situated high up on the building’s 60th floor, the newly-listed condo residence can easily be described as a unit that “has it all” so-to-speak, as you’ll quickly find out below. 

Inside, the insane 12-foot ceilings give the unit an overwhelming sense of space, while its chic contemporary style overall can be credited to Himmel/Bonner Architects—an established firm based here in Chicago with a solid reputation for high-quality.  

Finishes all throughout the condo are absolutely top-of-the-line and the custom wood and stone work is over-the-top incredible. The views

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