Penthouse at The Belvedere Sells For $4.3 Million
Posted by Leo Clark. on
A high-profile penthouse in Streeterville has sold, according to reports from Crain’s Chicago Business. The seller, who is also the former president of E-Trade Securities, officially unloaded the 16th-floor unit at 270 E. Pearson last week for $4.3 million, or for $1.5 million more than it was purchased for back in 2008.Â
As noted in the report, the unit features 3,600 square feet across its two levels, and has three full bedrooms, three full bathrooms, and an 800 square foot balcony. Thanks to its location across the street from Lake Shore Park, the space also enjoys incredible views of Lake Michigan, and of course the park below which backs up to the Museum of Contemporary Art Chicago.Â
The Belvedere condo is only one of 9 condos publicly listed…
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According to numerous reports, Chicago’s highest-profile condo development in the works is now over 25% sold before building permits have even been approved. Earlier this week, the Chicago Tribune spoke with Magellan National Marketing Director Jim Losik, who updated the project’s sales by reporting 110 of the 406 planned condos at Vista Tower are now under contract, which include the building’s full-floor units priced around $9 million.Â
Although Bulls’ superstars Derrick Rose and Joakim Noah are already on their way to New York, they’re apparently not the only local athletes on the move. According to reports, Chicago Blackhawks’ right winger Patrick Kane has just put his lavish two-bedroom condo at Trump Tower Chicago on the market, which was purchased for $2.06 million back in 2008. 
As first reported by the Chicago Tribune, a lavish, 52nd-floor unit over at the renowned Waldorf Astoria tower in Chicago’s Gold Coast sold for $11.7 million earlier this month, which marks the highest price paid for a Chicago-area home so far in 2016.
While the much-talked-about 1K Fulton development over in the rapidly developing Fulton Market neighborhood was only recently finished, the developer of the building, Chicago-based Sterling Bay, is already close to selling the mammoth project that’s helping re-define this particular part of the city. 
Construction for the 26-story tower coming to State and Huron initially began with foundation work that has already been in progress since April. Aside from that, however, not much has been said about the new CA Venture project, at least compared to so many other upscale rental projects. 
Although Chicago’s River North neighborhood is already known for its plethora of steakhouses, it appears another one will be added to the already crowded line-up sometime next year. According to reports from Curbed and Crain’s Chicago Business, a new restaurant that’s being called Steak 48 will soon be coming to 615 N. Wabash, which will be the small Phoenix-based chain’s third location in the U.S. 
It seems like only yesterday that plans for the new residential expansion at Block 37 were announced, but here we are right at the peak of the summer season and Marquee at Block 37 has now made its official debut on the downtown apartment scene. 
After quite a few rounds of changes and design modifications, it appears a final version of 111 S. Peoria is finally on its way to becoming a reality. Now being called Illume, 111 S. Peoria will stand 9 stories high and apparently house 95 individual condo residences, which is quite the contract to the original plan of standing 13 stories high and housing 215 apartment residences. 
Although street festivals, sporting events, concerts and any number of other major events will take place in Chicago all summer long, this weekend looks to be one of the more eventful on the calendar. So if you plan on being out and about over the next couple days, here’s just a glimpse of what’s going on: