February 2020

There are 8 blog entries for February 2020.

From its location to its added amenities, there are plenty of reasons why you'll love living at The Residences at Addison Clark this summer...

Lakeview Location

Also referred to as The Residences of Addison and Clark, the building is part of Chicago’s prestigious Lakeview neighborhood. The address puts renters just steps away from some of the city’s best shopping, dining and entertainment, including nearby Wrigley Field.

Open Floor plans

The building also allows for a range of floor plans for renters to choose from. This includes a studio convertible with around 500 square feet of living space, or a much larger two-bedroom with around 1,400 square feet of space.

Luxury Community Amenities

There are also plenty of community amenities sure

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Despite the documented struggles expressed by co-working giant WeWork, demand for shared workspace seems to still be on the rise in and around downtown Chicago.

According to new data, the amount of co-working space in downtown Chicago is expected to increase to more than 9 million square feet by the end of 2023, or nearly 3 times as much space as what currently exists.

While certainly a bold prediction, low-risk, short-term leases are the primary driving forces behind increased demand, and even large corporations that want more flexibility in overhead costs are turning more to leased co-working spaces in city centers.

The data also noted that around 43,000 local workers currently operate out of co-working space in downtown Chicago right now, which is

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The West Loop has been one of Chicago’s fastest-growing neighborhoods for awhile now, which is why we keep seeing so much movement on both the residential and commercial sides of the market.

The latest big-headline story to come across the news cycle is that Sterling Bay is now looking to unload the fancy new building that McDonald’s calls home, which was only just recently finished.

According to Crain’s, Sterling Bay estimated the development would cost $250 million to complete when the project was first announced back in 2016. But already, some believe the sale could reach close to $450 million, which would be the highest price paid for a downtown office building in over two years.

Nearby, Sterling Bay has already sold its own Futon Market

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Luxury Apartment MarketThe recent building boom added 26,000 apartment units to Chicago and even though the city’s apartment market is still robust, some stats show it could finally be slowing down a bit.

According to data from Integra Realty Resources, the market is relatively flat right now after years of consistent gains, both in price and demand.

Specifically, Class A occupancy is hovering around 93.2 percent, down slightly from 93.5 percent at the end of 2018.

Despite levels maintaining across the board, though, the South Loop is one neighborhood that is getting more competitive. The high-profile project dubbed NEMA Chicago just opened recently and more development is also on the way closer to the South Branch of the Chicago River.

In addition, demand in Class

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New Development in PlisenFor more than a decade, new development has been spreading through the Pilsen neighborhood like wildfire. Recent reports indicate the trend has accelerated  exponentially in the past couple years, helping to transform the predominantly  working-class Mexican neighborhood into a hotbed of new construction.

The area has seen housing prices rise to levels found in Logan Square and Humboldt Park and current listings show that the demand to live in this area continues to grow.

According to Redfin data, back in 2018, the Lower West Side community area, which includes the Pilsen neighborhood, has an average home price of around  $336K, which was an astonishing increase of nearly 200% since 2013.

The same report from early 2020 indicates that the Lower West Side

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The luxury home market in Chicago was anything but robust for much of 2019. But after a slow start in January, several high dollar home sales in early February have many of us optimistic about how the 2020 spring market will play out.

As highlighted by The Real Deal, Chicago’s top 5 residential sales from January 31st to February 7th sold for a combined $16.4 million with a sprawling five-bedroom home in the Gold Coast leading the way at $5.45 million.

The other four sales, all single-family homes, include a jaw-dropping, 7,000 square foot home in Old Town priced at $2.8 million, an 1896-built historic home in Lincoln Park also with a $2.8 million price tag, a six-bedroom Logan Square home at $2.5 million, and another ultra-modern Logan Square residence

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Buying a home or condo with 20 percent down is easier said than done, especially in a major market like Chicago. But the good news for active home buyers is that more and more Americans are finding other ways to purchase a home that doesn’t involve spending a decade or more saving for a down payment.

According to a recent survey mentioned in Business Insider, the majority of Millennials are planning to put down less than 20 percent when buying a home in 2020, and the National Association of Realtors also found that a whopping 76 percent of Americans who bought a home in December also put down less than the previous norm of 20 percent.

There’s no doubt we’re seeing a shift in how real estate purchases are financed and if savvy home buyers can secure

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Grant Park Views Chicago Condo and Apartment BuildingsWhether you're looking to rent or buy within a luxury high-rise building near Grant Park, there are a number of amazing properties to see. Many of the properties have luxurious amenities, spacious units, and unique design elements. Below are 3 properties near Grant Park that will blow you away!

Essex on the Park

Essex on the Park is a uniquely designed apartment community located on Chicago’s prestigious Michigan Avenue. Residents of this property will enjoy all that Lake Michigan and Grant Park have to offer. There is a wide array of floor-plans available with unit sizes ranging from, studios up to the massive 4-bedroom penthouse. The penthouse units are the gems of the Essex offering large outdoor terraces for entertaining. If you're not in a

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