November 2016

There are 8 blog entries for November 2016.

One Bennett Park Chicago CondosAlthough condos for sale at One Bennett Park have already been listed on the MLS for weeks, the project is now cleared for takeoff so-to-speak as reports are surfacing about Related Midwest finally clearing a $240 million construction loan to finance the massive new project. 

Once finished, One Bennett Tower will feature 69 condo residences and a whopping 279 apartment residences, easily making it one of downtown Chicago’s largest projects to get underway since before the housing crash. 

According to a report from Crain’s, the $240 million loan will only cover about 60% of what it will take to building the roughly $400 million tower, which will be located at 451 E. Grand right in the heart of Chicago’s Streeterville neighborhood. 

As you might’ve

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Norweta Row ChicagoIf you’re looking for luxury in Lincoln Park, look no further than Norweta Row—a luxury new development that will replace the recently demolished Tag Furnishings outlet building at the corner of Wrightwood and Hermitage.  

What was originally planned to be a 105-unit, two-building project, the new Norweta Row development will now reportedly offer 76 units in all, not to mention a collection of luxury lifestyle amenities that will provide somewhat of a resort-like living experience. 

Several units have already popped up on the MLS, including a massive 5,200 square foot penthouse unit that features five bedrooms and five and a half bathrooms. That particular unit is asking $2,995,000, which almost feels like a bargain given the insane amount of living

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Although Chicago’s downtown market might appear to be oversaturated with new upscale apartment residences, the development boom seems to be pushing forward as reports surface about a new 199-unit tower possibly making its way over to the South Loop. 

Being developed by Chicago-based Russland Capital Group, preliminary plans have the new building stretching 15 stories high, which if approved, would be located at 1411 S. Michigan Avenue, just a short walk away from Soldier Field. 

Chicago’s occupancy rate for high-end apartments dropped to 92.2% in the third quarter, which has some industry experts wondering if a softening of the market is finally on the horizon. But regardless of Chicago’s most recent development boom bringing a record-breaking 4,500

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In a city as large as Chicago, there’s going to be some unique properties to hit the market every now and then. In most instances, you might see a home or condo with a funky layout or some interesting interior finishes, but rarely do you come across what just hit the market over at Lake Point Tower

Listed at $1.5 million, a 2,700 square foot garage that can hold up to 12 vehicles is now up for sale, making it one of the most expensive “toy boxes" you’ll probably find anywhere. Along with a couple handfuls of spaces to park all your luxury and vintage cars, the D1 garage unit also includes a full lounge area, a bar, and even its own bathroom. For added comfort, the garage also allows the owner to control the heating and air conditioning inside, and

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No. 9 Walton (9 W. Walton St. Chicago) is one of the highest profile condo developments to break into the downtown market since perhaps the Ritz Carlton Residences were finished along Chicago’s famed Michigan Avenue, and buyers have clearly responded over the past 12 months or so.

According to recently gathered figures, No. 9 Walton is now nearly 90% sold, making it one of the fastest selling luxury condo buildings in recent memory. Located at 9 W. Walton and hovering along the Gold Coast-River North boundary line, it’s easy to see why buyers have absolutely fallen in love with this lavish Gold Coast high-rise, and much of its attraction goes far beyond location.

Interior finishes at No. 9 Walton are about as upscale as it gets, and the lifestyle

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Downtown Chicago’s hotel inventory got a little deeper last week as the 287-key Conrad Chicago hotel made its official debut. Located at 101 E. Erie inside the former DraftFCB office, Conrad Chicago is just steps from the Magnificent Mile and right in the center of all the action. Countless restaurants, stores, and downtown attractions virtually surround the new Conrad Chicago, but its design and overall concept should also be appealing to frequent business travelers visiting the Windy City as well. 

Conrad Chicago’s interior design is from highly-acclaimed Pierre-Yves Rochon, a Paris-based design firm that has handled major hospitality projects all over the world. In addition to its nearly 300 rooms, Conrad Chicago also includes 10,000 square feet of

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Downtown Chicago DevelopmentDevelopment around downtown Chicago and beyond has been booming in 2016, and much of this upward trend certainly started before this year. But as pointed out by the Chicago Tribune this morning, we’re actually seeing an extraordinary amount of new construction happening around the Windy City, which makes now a very exciting time in the world of Chicago real estate.  

As noted by The Tribune, there are currently 33 high-rises being built right now, which is easily the most development we’ve seen since the recession essentially brought construction to a standstill back in 2008. The activity was even noted by Mayor Rahm Emanuel during a visit to the building site of One Bennett Park, one of Streeterville’s newest and most spectacular skyscrapers to start

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A pair of spectacular new office towers is being planned for the 300 block of South Wacker, just steps from the Willis Tower. As first reported by Crain’s, the ambitious new project is being spearheaded by local developer John Murphy, who’s planning to close on the parcels at 301 and 321 S. Wacker sometime before the end of the year. 

Although only in the planning stages at this point, the new towers would essentially replace a small park and plaza at 301 S. Wacker, and a surface parking lot at 321 S. Walker, which has seemingly occupied that space for as long as we can remember. 

The good news for developers is that zoning for the gleaming new towers is already in place, and as you can see from the rendering, much of the design work also appears to

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