August 2020

There are 4 blog entries for August 2020.

Vista Tower Chicago Condos After a six-year partnership, one of the developers behind the Vista Tower is buying out its majority partner for $270 million. Wanda Hotel Development recently agreed to sell its own 90-percent stake in the building to an affiliate of its Chicago partner to cut debt.

Previously, Magellan Development Group owned just 10-percent of the project. The Chinese partner had been looking for a buyer for its stake in the property for at least two years. The on-going pandemic has made its current financial woes even more challenging. 

The $270 million buyout accounts for Wanda’s equity stake in the estimated $1 billion condo and hotel project. Wanda and Magellan collectively financed construction of the tower with a $700 million loan. 

The 101-story tower

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Lincoln Park Luxury CondosFrom top amenities to stylish private extras, Lincoln Park’s newest upscale condo building soars to new heights of luxury. The classically designed building brings new two-, three- and four-bedroom condos to the area.

Buyers can choose from two different stylish hues, encompassing wide plank hardwoods, high ceilings, oversized windows and gracious outdoor living space. New residents can also expect to find walk-in closets and spa-inspired baths.

As for amenities, residents enjoy on-site fitness classes and on-demand housekeeping. As well, you’ll find valet laundry and dry-cleaning services, plus pet services and a 24-hour doorman.

The rooftop adds in space for grilling and lounging while overlooking Lincoln Park. In addition, residents of The Orchard are

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No. 9 Walton CondosIf you need anymore proof that 9 W. Walton is one of Chicago’s hottest luxury condo buildings right now, consider the fact that Chicago Cubs right fielder Jason Heyward just unloaded his posh, 19th floor condo inside the building for a cool $7.6 million in just 12 days—a time when the luxury market all over the country, and especially in Chicago, is a little less than robust.

As you’ve probably already read, Heyward first purchased the condo back in 2018 for $6.8 million, which at the time was one of the most expensive homes a Chicago athlete bought outright.

But in a building where other CEOs and high-profile athletes also call home, it’s easy to see what the building itself is also on another level in terms of luxury appeal and desirability.

For those

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One Chicago CondosOne Chicago is one of the city’s highest-profile condo developments currently in the works. Having broken ground back in March 2019, construction has been steadily moving along for over a year already and progress on the mega two-tower project is already starting to have a big impact on the surrounding River North neighborhood.

According to reports, One Chicago’s towers will be positioned atop a podium building that will house a brand new Whole Foods Market, a Life Time athletic club, a sprawling 120-foot long dog park, and both above and below ground parking for up to 1,100 vehicles.

Included within the towers will be a whopping 735 rental units and just 77 luxury condos. But what specifically makes the condo residences unique is that they will start on

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