Chicago Real Estate News & Neighborhood Notes

From its high-end amenities to its sophisticated finishes, the luxurious St Regis Tower is one of the most impressive new buildings to come to Downtown Chicago.

The Interior finishes

The 101-story tower is filled with upscale additions, beginning with some of its interior finishes. The nearly 400 private residences come with spa-inspired baths and gourmet kitchens with quartz and stone countertops. 

Other common features of the condos of St Regis Tower include a mix of hardwood flooring and natural stone, plus the addition of luxury appliances. The condos of St Regis additionally come with high ceilings and floor-to-ceiling windows for maximizing the views.  

Buyers can choose from four distinct color palettes inspired by gemstones such as the

The spring season leading into summer has traditionally been a busy time for the housing market nationwide. This year, however, the average number of sales actually dropped 0.2% from April to May.

But even despite the slight decline on a national scale, home sales in Chicago actually climbed 4.3% in early-to-late spring, according to the May National Housing Report from  RE/MAX LLC.

Across the country, lack of inventory has continued to be an issue facing most markets, and in many cases that can be directly linked to fewer people buying this spring season. The demand, as noted just about anywhere, has certainly been there. But supply has prevented some would-be buyers from successfully securing a new place to call home.

In Chicago, the number of months’

It goes without saying that everybody loves a good deal, and that especially rings true for local real estate investors. As you might have previously heard about or read, bargain shoppers are already in the process of gobbling up units inside any number of Trump buildings scattered throughout the country, including the one right here in downtown Chicago.  

Most are crediting the combination of the COVID-19 pandemic and the former president’s polarizing persona as the driving force behind the incredible price cuts we’re seeing, which are anywhere from hundreds of thousands of dollars to up to a million dollars in some cases. 

According to a recent piece in the Chicago Tribune, some condo values inside Trump Tower Chicago are down 34% since Trump took

If you’re looking for a great place to grab a bite to eat in Chicago this summer, you’re certainly in luck. Some of Chicago’s hottest new restaurants are now open and ready for customers. The hardest decision you make may be deciding which place to try out first.

Hermosa Restaurant

Hermosa Restaurant is a reservation-only dinner spot on Armitage Avenue. The menu tends to be more Cambodian in taste but is said to be a truly unique experience.

The Duplex

Located on Logan Boulevard, The Duplex sits right across the street from the Logan Square monument. The remodeled space offers a unique type of cuisine, where rotating chefs come in for extended residences. DJs entertain customers later in the evening.

Andros Taverna

Rising up 41-stories above the riverfront, The Reed enjoys a superb location, where the city meets nature. Part of the Southbank development of Printer’s Row, The Reed offers the enjoyment of a riverfront lifestyle, coupled with brand new construction.

Not only is it possible to head to the shops of Michigan Avenue or catch a water taxi to Chinatown, but the location makes it just as easy to take in a concert at the nearby outdoor amphitheater at Southbank Park or simply take a peaceful stroll along the Chicago Riverwalk.

Because the park is just adjacent to The Reed, it’s easy to enjoy some outdoor green space close to home. At the same time, The Reed is also with steps of several boutique stores, restaurants, shops and public transportation.

With everything opening back up again, more and more people are being enticed to come back to Downtown Chicago, which could lead to a surge in Chicago condo sales.

While home demand and prices rose significantly outside of the loop last year, prices dropped and inventory swelled in the downtown area. Now that businesses are able to reopen again, things are expected to change once again.

Some real estate agents say they’ve seen prices drop to levels they haven’t seen in more than 10 years. Now, some buyers are starting to take advantage of the savings.

Not only are they getting a great price, but they may not be competing as much with other buyers. In much of the rest of the Chicago market sellers have been getting multiple offers for their homes, often at

In case you missed it, Chicago Bears star linebacker Khalil Mack closed on a new Gold Coast condo last month, paying $6.85 million for the unit according to a report from Crain’s.

Representing the priciest downtown condo sale since last summer, Mack’s new condo residence inside the highly sought-after No. 9 Walton building is said to include three bedrooms, a huge 14-foot kitchen island, a wet bar and sitting room in the primary bedroom suite, and a sprawling 750 square foot terrace with a hot tub.

As mentioned by Crain’s, this particular unit was finished by the previous owners and purchased from JDL Development—the developers of the building—but never moved into after the sale.

Khalil Mack was traded to the bears from Oakland in 2018 and also has a

A project that could become Chicago’s very first modern mass timber tower is closer to development. Hines, the real estate firm behind the project, hopes to construct the new building on Goose Island.

As of now, the tower is dubbed T3 Goose Island. T3 stands for “Timber, Technology, Transit”, and uses material from renewable resources.

Construction crews use solid wood panels for the floors, walls and roof. In turn, the construction is said to have flexibility, stability and strength.

T3 Goose Island is expected to include fitness facilities, a communal roof deck and outdoor balconies. In addition, it’s expected to offer ground level commercial space, hundreds of parking spaces and some bicycle storage.

The building site is right in the middle of an area

An apartment tower in Chicago’s Lakeshore East neighborhood is up for sale. The Shoreham is one of just a handful of large downtown apartment buildings to go on the market in recent months.

The on-going pandemic has been tough for investors, as downtown rents and occupancies took a dive last year. Some are predicting the market will warm back up again this year, and perhaps the “for sale” sign on The Shoreham is an indicator the owner believes investors are ready.

The Shoreham is currently more than 93-percent occupied, which is relatively high compared to the rest of the market. Figures show at the end of 2020 the downtown occupancy rate had fallen to less than 87-percent.

According to marketing materials, average rent in The Shoreham tower is $1,930 per

One of Chicago’s most fashionable condo buildings is about to have a new tenant. A new Italian restaurant is slated to join No 9 Walton, replacing the former Walton Street Kitchen + Bar.

The previous tenant closed its doors last summer. A new restaurant, called Adalina, is scheduled to open in the space sometime early this summer.

Adalina is expected to serve hand-made pasta, steak and seafood and shared plates, among other things. The two-level space will include a lounge and greeting area on the first floor with room for drinks and small plates. 

The top level is where the main dining room will be located, centered around a floor-to-ceiling wine cellar. The second level will also include a bar and some private event space. The restaurant