Chicago Development News

A brand new option in luxury living comes to Chicago at Wolf Point East. The new residential tower is the newest tower to join the Chicago riverfront, and it includes some exciting opportunities.

Prime Location

The building sits at a prime location right along Chicago’s Riverwalk. The address makes it easy to enjoy time in the nearby park or enjoying nearby cultural attractions. The building also sits within a short walk of some of the best dining options and nightlife in the West Loop and River North. It doesn’t hurt, either, that residents can easily access 17 miles of lakefront trail from Wolf Point East.

Amenities

As for some of its most popular on-site amenities, the building comes with a full-floor fitness club and plenty of options for

A new condo building planned for the West Loop is expected to offer some units priced at nearly $6 million. The 25-unit condo building is going in on the northwest corner of Morgan and Madison streets where a surface parking lot now exists.

Called Momad, the building is expected to list condos priced starting at just under $2 million, with some of its most expensive condos priced at nearly $6 million.

At least one of the two penthouse units in the building is already under contract. The 10-story building will also include some outdoor space and more than 40 garage spaces.

Despite its smaller size, buyers at Momad will have eight different floor plans to choose from. Options start with a one-bedroom plus a den layout, including around 2,300 square feet of

The site of a proposed mega-house in Lincoln Park now appears to be slated for condos. At one time the owner of the triple lot was on track to construct a new, 25,000 square foot home.

Without any zoning changes, the lot could have resulted in a more than 15,000 square foot home on Howe Street. The previous owner paid nearly $6 million for the lot, then demolished its two buildings in 2020.

A year later, the lot was back on the market and ready for a new buyer once again. The new plan is to turn the lot into a six-unit condo building.

According to reports, four of the six units in the future building are already under contract. At one time the project was to turn the property into eight units but two buyers wanted full-floor units, bringing the total number

A new apartment tower is slated for Fulton Market, where a developer plans to construct a 27-story building. Plans call for 375 apartments to go in near the corner of Elizabeth and Randolph streets.

Designed by architect and developer Thomas Roszak, crews plan to first demolish some existing low-rise buildings at the site. The new tower is just one of a handful of new apartment developments coming to the neighborhood, which is once again a hot market for real estate in Chicago.

Two other large apartment developments are already under construction along Randolph Street. One plans for 300 new units, while another a few blocks away plans for more than 200. There are also several other developments in the works.

As the industry recovers from the COVID

A former industrial site in Lakeview will soon be transformed into luxury homes. For around 40 years, the site served as home to Craftsman Plating & Tinning.

A couple of years ago, a developer came in with plans to construct 28 new townhomes on the site. After that plan fell apart, a city committee voted to downsize the property for a dozen single-family homes.

A new developer recently purchased the property with plans to construct two different models of homes. Each home will be around 4,200 to 5,000 square feet in size.

Preliminary plans show three-story floorplans with the homes featuring a stone and brick façade. It’s expected the homes will also come with a detached garage and a rooftop deck.

Construction should start on each of the two model homes

If your budget allows, you can experience the utmost in luxury at Tribune Tower Residences. A truly unique and upscale rental is currently available for $23,000/month.

This particular property sits on the building’s fifth floor, and offers three-bedrooms plus a den, along with 3.5-baths. The price point affords top appliances from SubZero, Miele and Wolf, plus wide plank white oak floors, a marble master bath, and custom cabinetry and millwork.

The luxury unit also comes with a large private terrace, two garage parking spaces, and an address in one of Chicago’s most coveted buildings. Situated on Chicago’s Near North Side, Tribune Tower offers up such amenities as an indoor swimming pool and outdoor terrace, a fitness center and access to a peaceful

For luxury, single-family home living on Chicago’s North Side, Wolfram18 brings an exciting mix of new construction possibilities to potential buyers. With just 18 new homes to choose from, buyers can opt for two distinct, multi-level floor plans. 

The north plan at Wolfram 18 is a four-story plan with four-bedrooms and 4.5-baths. This home ranges from around 4,200 to 4,600 square feet of living space. The lower level offers space for a rec room and an office or bonus space, topped off by the main floor and upper level bedrooms. 

The rooftop level makes room for an outdoor terrace and a media room. The slightly smaller south plan at Wolfram 18 also offers four-bedrooms and 4.5-baths, but this particular plan is around 3,800 square feet in size.  

Chicago’s new Lincoln Yards neighborhood aims to be the city’s newest high-profile mega development, promising an impressive collection of parks, green spaces, office towers, and residential high-rises once finished. And although the project is still just in its earliest stages, surrounding development is already well underway. 

According to a recent report from Crain’s, a team of developers has already converted an old industrial building next to the Lincoln Yard site into apartments, and this same group also just ponied up another $15 million for the former headquarters of Anixter Center just down the street at 2032 N. Clybourn.  

The investments are a big bet on Lincoln Yards coming to fruition, which if completed, will ultimately transform the

Despite questions over the pandemic and office space demand moving forward, it appears the Fulton Market building boom is set to continue, according to a recent report from Block Chicago.

Earlier this year, Chicago’s Committee on Zoning lifted a ban on residential development north of Lake Street, providing new opportunities for both developers and new home owners and renters to become part of Chicago’s hottest neighborhood.

For years, residential construction was prohibited around the Kinzie Corridor Overlay District near Fulton Market thanks to all the industrial companies and meat packing facilities that once dominated the landscape.

That landscape, however, has since evolved and not Fulton Market is where you’ll find many of the city’s trendiest

A decision from the Chicago Committee on Zoning a few months ago could have a far reaching impact on development in Fulton Market. The committee approved an ordinance last spring which lifted a ban on residential development north of Lake Street.

That decision was quickly reinforced by a similar vote from the full City Council. In lifting the previous construction ban, it gives approval for new residential development in the Kinzie Corridor Overlay District.

That’s an area bound by Carroll Avenue, Ogden Avenue, Hubbard, Wayman and Halsted. Residential construction had previously been banned in the area, as it was mostly restricted to hotel and office buildings.

Over about the past ten years or so the area has changed over from an industrial, meatpacking