All Blog Entries by Leo Clark.

With real estate prices continuing to spike around Chicago’s downtown and west side neighborhoods, both investors and home buyers are now looking for the city’s next “up-and-coming” communities for either an investment property or perhaps to even buy a new place to call home. And if you believe a recent report from The Tribune, Chicago’s Edgewater and Rogers Park neighborhoods may just be two locations in the city that fit that description perfectly. 

According to the piece, investors are scooping up apartment buildings on Chicago’s far north side, hoping to attract young professionals who might not be interested in paying a premium for already established neighborhoods in the area like Lakeview or Lincoln Park. A California-based investor just

With Chicago’s rental market being so red hot over the last few years, it’s hard to imagine any building already starting to make the switch over to condos from apartments—but that’s exactly what’s happening over the 2 W. Delaware, formerly known as Walton on the Park. 

A towering Gold Coast high-rise that sits at the corner of State and Delaware, 2 W. Delaware is currently undergoing a complete transformation, offering future condo owners a delightful mix of lavish living spaces and upscale lifestyle amenities to match. With thousands of new apartment rentals being delivered to the downtown Chicago landscape in 2015 and 2016, and more reportedly on the way in 2017, the decision to convert 2 W. Delaware to condos may turn out to be a rather savvy move,

If you noticed a new $50 million listing on the MLS today, we thought we’d clarify that you didn’t actually misread anything—that really is a 25,000 square foot mansion in Lincoln Park that’s asking a record-setting price.  

According to reports, the sellers built the home less than a decade ago after combining seven city lots, which were purchased for $12.5 million back in 2005. Now spending more time in Florida and hoping to downsize, the time to sell this now-iconic mansion has apparently arrived, even despite likely taking a loss on the property. 

As specially mentioned in the Tribune, the current owners spent a whopping $65 million to build the home, which also includes the land costs. But citing “the reality of the market” as to why a loss

If you’ve ever gone for a run or taken a bike ride along Chicago’s breathtaking lakefront, chances are you’ve passed a dark and somewhat unassuming pavilion that sits just off the Fullerton-Lake Shore Drive interchange, which is known to some locals as the Theater on the Lake. It seems like forever that this particular structure has sat dormant, just waiting for someone to expose its potential and maximize its unique location that’s literally just steps from Lake Michigan. 

Well, at long last, the Chicago Park District has finally taken another step forward towards accomplishing this goal, breaking ground on a complete renovation that will update both the Theater on the Lake’s appearance and interior features and design.  

Estimated to cost $6

The last undeveloped lakefront parcel in the Gold Coast could soon see some action, at least according to a new report from Curbed Chicago. Being proposed is a new eight-story building that could include as many as 58 units, which is significantly different from the original proposal from Draper & Kramer that called for a sprawling 40-story high-rise. That proposal, which as made all the way back in 1997, drew significant resistance among Gold Coast residents and of course failed to materialize into anything concrete over the years.  

But now, the new 58-unit building seems to be gaining strong momentum as it heads to the Chicago Zoning Board for approval this month, especially as new construction condo inventory is still low heading into 2017. 

The

Although condos for sale at One Bennett Park have already been listed on the MLS for weeks, the project is now cleared for takeoff so-to-speak as reports are surfacing about Related Midwest finally clearing a $240 million construction loan to finance the massive new project. 

Once finished, One Bennett Tower will feature 69 condo residences and a whopping 279 apartment residences, easily making it one of downtown Chicago’s largest projects to get underway since before the housing crash. 

According to a report from Crain’s, the $240 million loan will only cover about 60% of what it will take to building the roughly $400 million tower, which will be located at 451 E. Grand right in the heart of Chicago’s Streeterville neighborhood. 

As you might’ve

If you’re looking for luxury in Lincoln Park, look no further than Norweta Row—a luxury new development that will replace the recently demolished Tag Furnishings outlet building at the corner of Wrightwood and Hermitage.  

What was originally planned to be a 105-unit, two-building project, the new Norweta Row development will now reportedly offer 76 units in all, not to mention a collection of luxury lifestyle amenities that will provide somewhat of a resort-like living experience. 

Several units have already popped up on the MLS, including a massive 5,200 square foot penthouse unit that features five bedrooms and five and a half bathrooms. That particular unit is asking $2,995,000, which almost feels like a bargain given the insane amount of living

Although Chicago’s downtown market might appear to be oversaturated with new upscale apartment residences, the development boom seems to be pushing forward as reports surface about a new 199-unit tower possibly making its way over to the South Loop. 

Being developed by Chicago-based Russland Capital Group, preliminary plans have the new building stretching 15 stories high, which if approved, would be located at 1411 S. Michigan Avenue, just a short walk away from Soldier Field. 

Chicago’s occupancy rate for high-end apartments dropped to 92.2% in the third quarter, which has some industry experts wondering if a softening of the market is finally on the horizon. But regardless of Chicago’s most recent development boom bringing a record-breaking 4,500

In a city as large as Chicago, there’s going to be some unique properties to hit the market every now and then. In most instances, you might see a home or condo with a funky layout or some interesting interior finishes, but rarely do you come across what just hit the market over at Lake Point Tower. 

Listed at $1.5 million, a 2,700 square foot garage that can hold up to 12 vehicles is now up for sale, making it one of the most expensive “toy boxes" you’ll probably find anywhere. Along with a couple handfuls of spaces to park all your luxury and vintage cars, the D1 garage unit also includes a full lounge area, a bar, and even its own bathroom. For added comfort, the garage also allows the owner to control the heating and air conditioning inside, and

No. 9 Walton (9 W. Walton St. Chicago) is one of the highest profile condo developments to break into the downtown market since perhaps the Ritz Carlton Residences were finished along Chicago’s famed Michigan Avenue, and buyers have clearly responded over the past 12 months or so.

According to recently gathered figures, No. 9 Walton is now nearly 90% sold, making it one of the fastest selling luxury condo buildings in recent memory. Located at 9 W. Walton and hovering along the Gold Coast-River North boundary line, it’s easy to see why buyers have absolutely fallen in love with this lavish Gold Coast high-rise, and much of its attraction goes far beyond location.

Interior finishes at No. 9 Walton are about as upscale as it gets, and the lifestyle