Chicago Real Estate News & Neighborhood Notes

Although the housing market has slowed considerably in 2019, downtown apartment prices still seem to be on the rise, even despite a growing inventory. 

Lavish new high rises like One Bennett Park, NEMA Chicago, and the Sinclair in the Gold Coast are certainly among the city’s top new apartment developments. But they’re also among the most expensive as well.  

According to Crain’s, more apartment developments are exceeding the $4 per square foot threshold, which doesn’t seem to be stopping renters from paying the extra premium needed for spectacular views and five-star hotel-style amenities.

Part of this new trend is linked directly to empty-nesters who are selling their homes in the suburbs and opting for a luxury lifestyle in the city. But

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Looking for a luxury rental in downtown Chicago with plenty of living space? Here are 4 highly sought-after buildings that all have a lavish, 4-bedroom rental currently on the market.

Waldorf Astoria

Also known as Waldorf Astoria, 11 E Walton serves up luxury condos topping Chicago’s iconic hotel. While many of its condos are extravagant in themselves, an exquisite four-bedroom home is currently available for rent, complete with heated floors, wine storage and 4,000 square feet of living space.

NEMA Chicago

The South Loop provides its own luxuries, including the desirable NEMA Chicago. The building is filled with amenities and upscale accommodations. A four-bedroom floor plan in the building provides more than 2,700 square feet of living

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An affordable new apartment development could be going in soon close to the Logan Square Blue Line. The proposed seven-story project recently gained approval from the Chicago Plan Commission. It now goes before the full city council for approval. 

Described as a 100-percent affordable apartment project, plans call for half of the 100 rental units to go to CHA residents, while the rest are slated towards those earning at or below 60-percent of the area’s median income. Supporters of the project maintain the new apartments will fill a void for many residents at a time when low income, affordable housing in Chicago is said to be shrinking.  

Along with the new apartments, the project additionally calls for some parking, a public plaza, a community room

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Looking for the ultimate downtown living experience? Check out what's currently for rent in these lavish Loop condo buildings situated right in the heart of the city...

223 W. Lake

One of the area’s newest boutique developments, 223 W Lake, serves up loft-style residences in a prime setting. The large rentals are complimented by private elevator entry, high ceilings, reclaimed beams and exposed ductwork. The penthouse units additionally include access to a large, private rooftop terrace.

The Legacy at Millennium Park

Located at 60 E Monroe, Legacy at Millennium Park boats two-, three- and four-bedroom rentals with sweeping views of the lake, the skyline and area parks. The property additionally offers sundecks, a fitness room, a garden

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It’s been about 4 years since plans for the Helmut Jahn designed condo tower at 1000 S. Michigan were introduced publicly, but after a long wait and a few bumps in the road, reports are out that construction is finally set to begin on Chicago's newest luxury high-rise next week.

Both Curbed and the Chicago Tribune are reporting that an official groundbreaking ceremony will happen on October 24th, and the event has been confirmed by the project’s developers.

When finished, the tower, called 1000M, will stand 74 stories high (896 feet) and have a major impact on the city’s lakefront skyline. The building will also have 40,000 square feet of amenities, including a pool deck, fitness center, music conservatory, and a Himalayan salt therapy room.

If all goes

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Hundreds of new hotel rooms could be coming to Fulton Market. Two new hotel developments have been proposed for the area, totaling more than 700 new hotel rooms. 

Developers for both projects recently presented their proposals at a pair of community meetings. Together they call for adding another 735 guest rooms and introducing new restaurants to the area.

One project aims for a Standard Hotel to go in at 1234 W Randolph. Developers scaled down the proposed building from 23-stories to 16-stories in an L-shaped design. 

The building also calls for a rooftop pool and bar, a restaurants and a public plaza. The developer hopes to begin construction later this spring.

A separate project is planned for 800 W Lake. This development calls for a

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Even though summer is officially over, October is one the most festive months of the year in Chicago with plenty to do all over the city. Here’s our updated list of events, festivals, and fun things to do this year..

Fall Fest at Lincoln Park Zoo - Now to October 27th

This year marks the 5th year for the Fall Fest at Lincoln Park Zoo. As a family-friendly celebration of autumn, the festival features a corn maze, Ferris wheel, an inflatable obstacle course, live professional pumpkin carving, and so much more!

Event Info

Jack’s Pumpkin Pop-Up - Now to November 3rd

Presented by Samuel Adams, this BOO-zy outdoor experience includes the city’s largest outdoor corn maze, axe throwing, 4 full-service bars, and plenty of carnival games, food

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Gold Coast DevelopmentAn existing parking ramp could soon transform into the site of a new condo tower in Chicago’s Gold Coast neighborhood. Developers recently released plans for the 40 W Oak high-rise.

The slender tower plans for just 90 upscale condos and 160 parking spaces. Some of those spaces would be reserved for the neighboring rehab center.

The 500-foot building is taller than some nearby buildings, but shorter than others. It’s said to still retain some signature style points of its architect, however, including ornamental balconies, a sculpted crown, stepped corners and vertical buttresses. Still, it has been toned down when compared to an earlier rendering of the project that was released last year.

The height of the building means it has to proceed through

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The fall season is one of the busier times of the year for the housing market, and that's especially the case for Chicago's luxury market. As of now, here are just a few condo buildings where you'll find some of the Windy City's most expensive real estate as we approach the end of summer.

One Bennett Park

Luxury is key at One Bennett Park with its spa and salon, swimming pools, outdoor kitchens and a fitness center. Although it has several multi-million-dollar condos currently on the market, a penthouse unit tops $15 million, complete with more than 7,500 square feet of customizable living space.

840 N. Lake Shore

Located at 840 N Lake Shore, Residences of Lakeshore Park is a luxury high-rise in Streeterville. This full-amenity building

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Looking for a luxury co-op apartment in Chicago for under $1 million? Where know just where you need to start your search...

1120 N. Lake Shore

The price point affords several options at 1120 N Lake Shore. The Gold Coast co-op currently has a number of residences to choose from priced under $1 million, including a three-bedroom with an impressive 2,400 square feet of living space.

12 E. Scott

Staying in the Gold Coast, 12 E Scott provides the option of an entire floor of living space for under $1 million. The budget allows for high ceilings, an eat-in kitchen, hardwood floors and access to a common rooftop deck.

70 E. Cedar

A similar priced point can also get you in the door of 70 E Cedar. The building currently offers your choice of a

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