All Blog Entries by Leo Clark.

River North is home to some pretty extravagant condo buildings, and as you may have noticed, its inventory of available units just got a little broader. Although strongly opposed by nearby neighbors because of safety-related concerns, condos at the controversial 403 N. Wabash development have now hit the MLS, all but making the project official. 

Now being called Renelle on the River, 403 N. Wabash is certainly an eye-catching development, and one that will stand 17 stories high and house just 45 new ultra-luxurious condominium residences. Each condo will include between 2,200 and 3,300 square feet of living space, and true to River North form, will also only feature top-of-the-line finishes and a collection of upscale lifestyle amenities as well. 

The Ritz Carlton Residences at 118 E. Erie are easily considered to be some of Chicago’s most luxurious condo units, which is why recent price cuts are worth taking note of if you’re in the market for a new unit. 

Earlier this month, the building revealed an exclusive opportunity to buy into the building at a significantly discounted rate, which of course is just in time for the busy fall market. With much of downtown Chicago’s new development catering to the red hot rental market, the inventory of new construction condos in downtown neighborhoods like Streeterville, River North, and the Gold Coast is still lacking, even despite a few new projects like 4 E. Elm and 9 W. Walton already in the pipeline. 

If the Ritz Carlton is a building you haven’t

After so long, sometimes the goal of a home or condo seller is to just make something happen—and that appears to be the case with the Vince Vaughn penthouse over at The Palmolive Building, which feels like a property that has been on the market forever.

According to recent reports, Vaughn has officially unloaded the his lavish penthouse condo inside one of Chicago’s most iconic buildings for $8 million. At first glance, the price cut might seem extraordinary significant given the original price tag was $24.7 million back in 2011. But since then, Vaughn has split up the massive three-level unit into two separate listings, with the larger of the two ultimately closing for $8 million.

The smaller of the two units was originally listed for $4.2 million, and

Plans for a very impressive new project that could potentially bring a new high-rise to the highly coveted air rights space of Union Station have once again popped up on the radar, as first reported by both Crain’s and Curbed early last week.  

The project is being planned by Chicago-based developer Sterling Bay, and should construction finally move forward, the finished product could be a 958-foot high skyscraper to the Loop that looks to be one of the more dynamic commercial towers to hit downtown Chicago in quite some time. 

The design of the proposed Union Station tower is from the legendary and local architectural firm Skidmore, Owings & Merrill, which is behind countless high-profile projects all over the world. Once finished, the building

Many of us have known for awhile now that Wrigleyville is changing. The mega Addison Park on Clark development is finally getting underway after first being proposed all the way back before the worst of the recession, and a band new hotel is already under construction where the old McDonald’s used to sit near the famous intersection of Clark and Addison. 

But while the new-and-improved Wrigleyville projects have grabbed countless headlines in recent months, not much has been detailed about the new Cubs’ new hotel project—until now. 

Earlier this week, reports finally surfaced about what we can expect from the new Hickory Street Capital project, which is also owned and controlled by the Ricketts family. Dubbed Hotel Zachery in honor of Zachary Taylor

A hot new listing in one of Chicago’s most luxurious building is making headlines—the 87th floor penthouse at beautiful Trump Tower. An expansive unit that includes a whopping 6,850 square feet of living space, there are few condos in all of downtown Chicago that reach this level of luxury. 

Inside you’ll find extraordinarily high-end finishes and features throughout, and as you might expect from a condo on the 87th floor of a building that’s positioned right off the main branch of the Chicago River, the views in every direction are absolutely incredible. If that’s not enough, this particular unit also includes a five-car garage within the building, which is not only rare, but basically unheard of. 

So just what does a nearly 7,000 square foot

The future of Chicago’s newest luxury tower officially starts today. In case you haven’t heard, groundbreaking for the city’s stunning new Vista Tower begins today, which when finished, will bring a collection of fabulous new hotel rooms and luxury condo residences to a prime location right alongside the Chicago River. 

When finished, Vista Tower will be Chicago’s third tallest building, standing 95 stories high and offering some of the most insane views of any building currently standing in the Windy City. 

According to reports, the project is brining 2,500 jobs to the city and has an estimated construction cost of $950,000,000. Despite all the hype and excitement surrounding Vista Tower condos for sale, don’t expect the building to top out anytime

A fancy new condo development is seeking city approval that will no doubt feature some of River North’s coolest new condo residences once finished. What was originally planned to be a 10 story development from MCZ Development is now a pretty slick 12 story development from Chicago-based LG Development. 

Designed by NORR Architects, the rendering shows a sleek glass and concrete exterior that not only fits the trendy River North mold perfectly, but also provides residents with what look to be pretty spacious private terraces, large floor-to-ceiling windows, and reportedly on-site parking as well.  

Located at 61 W. Erie, the new project will only include 10 units and 10 ground level parking spaces, so options and opportunities within this fabulous

CIM Group has certainly made plenty of headlines in recent months with its new Marquee at Block 37 development, but reports have now surfaced that link the Los Angeles-based developer to a deal that could lead to a redevelopment of one of downtown Chicago’s most iconic and historic high-rises. 

According to reports out of the Chicago Tribune and several other major media outlets, CIM Group has apparently reached an agreement to purchase the famed Tribune Tower for $240 million—a deal that seems to have been in the works for quite some time. 

Over the next year or so, Tribune Media plans to move out several hundred employees, which could provide an opportunity for CIM Group to revamp the 33 story tower, which was originally completed back in 1925.  

Recent news reported by Crain’s continues to confirm The Loop’s on-going transformation into a red hot location for anybody looking for a downtown apartment—and this time, it’s looking like a vintage Loop commercial building could be slated for a residential conversion sooner rather than later.  

According to the report, an affiliate of Chicago-based Marc Realty Capital purchased 330 S. Wells Street for $10.1 million earlier this month, although specific plans as to what the developer plans to do with the property have not yet been revealed. 

Even still, the firm that acquired the property specifically specializes in developing apartments, and given demand for rentals in The Loop right now, speculation for a possible residential conversion