All Blog Entries by Leo Clark.

With the baseball season now in full-swing, the Cubs have officially begun their quest to defend their most recent World Series Championship—an accomplished feat that’s infamously been 108 years in the making. But with all the redevelopment currently happening all throughout Chicago’s Wrigleyville neighborhood, it’s now a north side location that continues to offer a whole lot more for locals to enjoy than just a fun-filled day at the ballpark. 

The new Addison & Clark development that’s currently under construction will eventually feature a new Lucky Strike Bowling alley and Cinemex movie theatre once finished, and the new Zachary Hotel will bring a number of Chicago culinary favorites to the neighborhood as well, including Big Star and Smoke Daddy

Filed under “something you don’t see everyday,” a new high-rise project  in River North has recently been revealed that will combine office space and a new firehouse, which on the surface seems like an odd mixture. But upon further review, the bold idea actually make a lot of sense, both for the city and for the developer behind the project. 

According to reports, developer Albert Friedman has already reached a deal with city officials regarding the new development, which would include about 614,000 square feet overall, including the new firehouse that would replace the existing Engine Co. 42 station located at 55 W. Illinois. 

As alluded to above and as first detailed by Crain’s, the project seems to be a win-win for both the city and Friedman, who

If you’re looking for a quick update on how the Chicago real estate market fared over the first few months of 2017, Crain’s recently outlined which parts of the city have been the hottest so far in the new year. With mortgage rates still low and available inventory also scarce throughout many parts of the city, the Chicago real estate market has been especially kind to sellers, especially in a few familiar neighborhoods. 

According to Crain’s data, which only included neighborhoods with at least 25 sales during the first quarter of 2017, the Near North Side, West Town, and Lincoln Square rounded out what’s viewed as being the three hottest neighborhoods for condos and townhouses in the city right now, which is somewhat surprising in some ways. While

As commercial development continues to transform Chicago’s West Loop and Fulton Market neighborhoods, developers are also planning more apartments to serve what will inevitably be a substantial influx of people wanting to live nearby. 

According to a recent report from Crain’s Chicago Business, Naperville-based Marquette Cos. is planning a 263-unit apartment building for a site over on the southwest corner of Lake and Ada streets, which happens to also lie just a block north of Chicago’s famed Restaurant Row. 

Should the project move forward, the building will reportedly be designed by Brininstool & Lynch and stand 10 stories high once finished. As noted in the Crain’s piece, developers love the location of Lake and Ada, which feels slightly less

The glassy new tower proposed for 1326 S. Michigan has officially received the “okay” from the city to begin construction, according to a new report out from Curbed Chicago that also outlines only the foundation permits have been issued to this point. 

One of several major developments that will no doubt change the landscape of Chicago’s South Loop in the coming years, 1326 S. Michigan will rise 47 stories once finished and add 500 more apartments to Chicago’s rapidly expanding inventory of downtown rentals. 

Dubbed “SoMi”—at least for now—1326 S. Michigan was designed by Chicago-based Solomon Cordwell Buenz and will also include brand new retail space along Michigan Avenue, as well as parking for 190 vehicles. 

 Local developer Murphy

Construction has officially wrapped up and apartments for rent at AURÉLIEN are now leasing! As one of the hottest new apartment towers to hit the Gold Coast rental market, Aurélien provides a living experience unlike most buildings found throughout the Downtown landscape. 

Above all, the building's location is second-to-none, providing residents with easy access to many of Chicago’s best shopping, dining, and entertainment destinations, not to mention plenty of public transit stops/stations and countless other nearby amenities as well. 

As a newly built tower, living spaces are modern, sleek, and stylish, and the building’s full compliment of luxury lifestyle amenities also elevate apartments at Aurélien to a level that few buildings in the city

In case you haven’t noticed, Chicago’s Uptown is transforming into one of the city’s most distinguished up-and-coming neighborhoods. Along with a number of large scale residential projects either already underway or currently being discussed, plans for another apartment project were just recently revealed that will only add to the neighborhood’s future appeal. 

According to reports, a vacant lot and old auto repair shop at 4906-4918 N. Clark Street near Andersonville could be developed into a chic new apartment building that could hold as many as 60 rentals and from the looks of it even plenty of ground level retail space as well.  

As of now, nothing has been made official and developers still need to present the project to Uptown’s Zoning Advisory

One of Downtown Chicago’s most expensive condos has been re-listed and is now asking $12.5 million—a reduction of $200,000 off the original asking price of $12.7 million when the unit first hit the market last September. 

Perched up on the 87th floor of Chicago’s famed Trump Tower, this ultra-luxe penthouse boasts insane upgrades, tons of living space, and as you might imagine some of the best views money can buy.

Officially, penthouse #87A features 4 bedrooms, 4.5 bathrooms, and a jaw-dropping 6.850 square feet of total living area. Other interior finishes include massive 16-foot floor-to-ceiling windows that provide panoramic views, custom millwork throughout the entire unit, and countless designer finishing touches that should satisfy the needs

Chicago’s west side has been on the upswing for quite some time now and neighborhoods like Bucktown, Wicker Park, and Ukrainian Village are now considered a few of the most sought after locations in town. Naturally, home and condo prices in these and other surrounding neighborhoods have skyrocketed over the pas 12 to 18 months, but if you go just a little further west over to the eastern edge of Logan Square and Humboldt Park—two of Chicago’s fastest developing neighborhoods—there’s still a whole lot of value just waiting for buyers to exploit.  

1505 N. Fairview Avenue, for example, is a new construction condo development that offers spacious floor plans, out-of-this-world interior finishes, and in the case of the top two units, 2 bedrooms, 2

While some of Downtown Chicago’s new apartment towers may seem pricey on the surface, a new report from RENTCafé shows the Windy City is actually pretty affordable compared to other top financial markets across the globe. 

According to their analysis, Chicago only has the 17th highest rent prices out of the top 30 global finance centers, which includes markets like New York City, Boston, San Francisco and Los Angeles in the U.S.; and London, Paris, Tokyo, Sydney, and Dubai around the world. 

The RENTCafé report analyzed the average rent price for a one-bedroom apartment between 600 and 999 square feet, and Chicago, which as mentioned placed 17th on the list, had an average rent price of just $1,720. New York City, which ranked as the most expensive