Fulton Market Building Owner Hopes to Cash-In While Area Construction Boom Rolls On
Posted by Leo Clark. on
As developers and investors set their sights on Fulton Market, at least one building owner is hoping to cash-in. A single-story property at 941-945 W Lake Street just went on the market.
While there’s no official list price, some expect the building could get bids close to $15 million. The existing owner, also a real estate investor, paid just $2.3 million for the same property 10 years ago.
Of course, that was about six months before Google announced it was moving in. That announcement helped boost property values in the neighborhood to some of the highest in the city, as new trendy restaurants and hotels moved in.
The property is right at the heart of Fulton Market and is considered to be one of just a handful of remaining redevelopment sites. It is…
1272 Views, 0 Comments
The long-discussed, potential project at 151 N. Michigan is once again changing course, according to recent reports. What was previously going to be a 41-story commercial tower is now going to be a significantly smaller 3-story commercial building. 
A Chicago-based development group is eyeing a 21-story apartment tower just one block east of the Magnificent Mile, a project that could be the first new construction apartments Streeterville has seen in five years. 
Construction is now underway on a new condo building in Chicago’s West Loop neighborhood. Unlike many of the neighborhood’s other buildings, Embry features a modernized, Art Deco-style façade.
Chicago’s West Loop neighborhood is on track to add more than 9,000 new apartments. If all goes as planned, reports suggest it could mean more new apartments in the West Loop than the combined total of all of the city’s other downtown neighborhoods.
A new apartment tower could be coming to Streeterville. The planned high-rise sits just one block east of the Magnificent Mile on a corner lot that’s currently occupied by a parking garage.
Hundreds of new apartments could be coming to the West Loop. Two local developers have proposed a new 36-story apartment building, which could mean 362 more apartments for the area.Â
Fulton Market could soon make way for a massive new apartment tower. If the plan goes through, it could become one of the largest residential complexes in Fulton Market.
Bungalows and two-flats may be commonplace in some Chicago neighborhoods, but there’s a new home style that seems to be sweeping across the city. The homes are often called “Mod Boxes”, but no matter what you call them, they’re boxy, contemporary new residences.
As we start a new year, buyers will find plenty of great options when it comes to Chicago luxury condos. Here are some of the top buildings to select in 2022: