January 2023

There are 6 blog entries for January 2023.

Tribune Tower Homes located on Chicago’s infamous Mag Mile (435 N. Michigan Ave) is creme de la creme when it comes to unique luxury condos and over the top 5 Star amenities.  Originally the home to The Chicago Tribune Newspaper its history dates back to the 1920s.  Rich in Neo-Gothic architecture it's quite a site to see. The developer Lee Golub founder of Golub and Company set his sites out to transform this historic building into a 5 Star Jewel while keeping the integrity and amazing character that you would only find in a 100-year-old building. 

From the facade to the breathtaking lobby with 40+ ft ceilings Lee preserved everything he could. It’s like walking into the Tribune 100 years ago, but even better!  

Once you are blown away by all the

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The first of the 2 restaurants Miru will be Japanese-inspired, Miru translates to “view in Japanese”.  It will be headed up by Chef Hisanobu Osaka (formerly the chef at Morimoto).  Located on the 11th floor it plans on opening this spring it will feature an all-day Japanese restaurant as well as a sushi and hot food program. 

Tre Dita translates to “three fingers in Italian”, will be led by Chef Evan Funke. Themed as a Tuscan-style steakhouse it will seat 225 and include a bar and lounge with two outdoor areas for guests to dine and enjoy the amazing views the St. Regis has to offer. 

Lettuce Entertain You Enterprises a mainstay in the Chicago Restaurant Scene will be the Operators. 

The St. Regis Chicago Stats:
Address:  363 E Wacker Dr,

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Chicago LaSalle Street Development

LaSalle Street could be in line for a housing boom, thanks to some of the pitches developers have already made to help turn the area into a residential corridor. It’s all tied to the Revitalize LaSalle initiative, which the city first announced back in September of last year.

The idea is to give incentives to developers to convert vacant office buildings into condos and apartments. The financial district took a hit during the pandemic, so city leaders are now trying to help turn things around.

The goal is to add more than 1,000 residential units to the area by repurposing some of LaSalle Street’s historic buildings. About 300 of the units would likely be deemed affordable units.

In turn, developers who help carry out the plan will get some incentives

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West Loop Commercial Market The West Loop real estate market is still red hot, but that’s not keeping a cold storage company from greatly expanding its footprint in the neighborhood. NewCold already has 6,000 square feet of space on the 31st floor of an office tower on West Madison Street, but now its planning on taking over more than 35,000 square feet of space in the same building.

As part of the expansion, NewCold won’t just be leasing substantially more space in the building, but also plans to hire around 125 new employees to fill the space. The company first moved in just two years ago and hired 75 employees.

The new expansion means the company could top 200 employees in the near future. NewCold serves large food product companies such as McCain and Conagra by owning, operating,

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Related Midwest DevelopmentPreviously Related Midwest had planned to build a hotel and apartment complex in Fulton Market, but now it seems the developer is pushing ahead with plans for a new office tower on West Randolph Street. Three years ago, the city council approved plans for apartments and a hotel, but new plans include a 41-story office tower with more than 900,0000 square feet of office space. 

This is significant, because it comes at a time where availability of office space in the city sits at a record high. The pandemic has had an impact on the office market, and some companies are still operating with remote workers. 

That’s not exactly the case in Fulton Market, though, as the area appears to still be attracting tenants to some of its new buildings. While the

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5 Secrets You Should Know Before Listing Your House For Sale!

  1. Commissions - Commissions are Negotiable! Don’t let them fool you, everything is negotiable, in fact, If they try and tell you that they charge the going rate they could be in violation of one or more Antitrust laws. 

  1. Marketing Fees - Marketing fees are once again negotiable. Personally, I think they are a rip-off. Marketing expenses should be covered by the brokerage or the agent, if they do their job and sell your home then it is just part of the cost of doing business.

  1. Lock you into a 1-year contract - In a fast-moving market, 3 months should be more than sufficient. In a moderate or slow market, 6 months should do it, provided it is priced right. 

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