Chicago Development News

Reports have surfaced about a new condo tower finally coming to 403 N. Wabash, a location that basically sits right next to Trump Tower. According to both The Tribune and Curbed, The Belgravia Group has long coveted the site that now occupies an underground parking garage and after several attempts to develop 403 N. Wabash, at long last things finally seem to be coming together.

With the expanded riverwalk, other changes to River North, and downtown Chicago’s strong need for more new construction condo inventory, the new 17 story luxury condo tower is prime to be a big hit among high end home buyers looking for an exclusive location.

The building’s design is from bKL Architecture and once finished will stand 17 stories high. Just 45 condos will be a part

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A detailed report from Curbed yesterday shed some light on an impressive new condo development that could be coming to River North. Being planned for the surface parking lot at 300 W. Huron and sitting adjacent to Franklin Street and the “L” tracks, the project’s initial plans call for 71 luxury condominiums with 71 parking spaces, which would bring some much needed new construction condo inventory to a downtown market that’s over saturated with new apartment developments right now.

The developers, JFJ Development, brought on Hartshorne Plunkard Architecture (HPA) to design the new 24-story tower, which features a sleek modern exterior that blends in seamlessly with the River North landscape. For now, the exterior will mostly have a glass facade with

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By now, most people have at least heard of 4 E. Elm and 9 W. Walton—two of the largest Gold Coast condo developments currently in the works. What some people may not be familiar with at this point, however, is 101 North, which seems to quietly be flying under the radar in a market that’s starving for new construction condos

Having been listed on the MLS now for just under a month, 101 North is a luxurious new boutique building that will stand 10 stories high once completed, while offering a location that puts residents just steps from where Chicago’s Gold Coast, Old Town, and Lincoln Park neighborhoods intersect.

With an elegant brick and limestone exterior, there’s no denying 101 North will blend seamlessly into the historic Gold Coast landscape. On

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New construction around downtown Chicago has been on the rise for awhile now, especially when it comes to large-scale rental and apartment developments. Hundreds of high-end residences have been delivered all throughout the downtown area in 2015 and as we inch closer to the beginning of a new year, things don’t look to be slowing down anytime soon.

In fact, according to some reports, new construction in the entire Chicago metro area has seen constant progress over the past 12 months, with residential new construction at its highest level since the third quarter 2008. Recent statistics from MetroStudy—a Houston-based market leader in real estate stats and analysis—show developers in the Chicagoland region have started construction on 6,143 new residences

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Not long ago, LG Construction + Development proposed plans for a 15-story, 90-unit apartment building that’s unlike many other high-end rental projects we’re used to seeing built out here in downtown Chicago. First of the all, the site for the new development, which is located in Printer's Row, is only a quarter-acre, meaning living spaces will also be a bit smaller than what you might expect.

Being called micro-apartments, units at this new Printer’s Row apartment building will only average around 350 square feet, but inside, only top-of-the-line finishes and features will be offered, providing those who live here an upscale, luxurious look and feel at a price that won’t break the bank.

The compact design of micro apartments is meant to attract young

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In many ways, 2015 has been the year of new development in downtown Chicago, but with so many large-scale projects underway, much of the city’s new construction will undoubtedly carry into 2016, and even beyond for some of the mega projects that have either been proposed or are already in the works.

As of today, 21 high-rises are currently under construction somewhere in Chicago, ranging from apartments to condos, and even a few hotel developments mixed in as well. And while that number is certainly impressive on many different levels, some of the city’s most impressive projects could still be on the way, like Wanda Vista, 113 Roosevelt, or the massive River South development that could potentially bring 900 more residences to the South Loop riverfront.

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An impressive new proposal is making headlines, as a joint venture between CMK and Australian-based Lend Lease has been unveiled that would potentially bring 900 more housing units to the South Loop, just south of River City.

Already planned by the same developers are 2,700 homes just north of River City on a riverfront site that’s now being called “River South.” If both developments move forward, the entire South Loop landscape could be dramatically different by the time construction wraps up, and that’s a good thing for a downtown neighborhood that was arguably impacted the most by the recent housing crash that started back in ’09.

Complete details about the latest addition to CMK and Lend Lease’s plans are still sketchy, but what we do know is that

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Another day, another development proposal for Chicago. According to a recent report from Curbed, a developer has recently unveiled plans to redevelop the large industrial building at Wrightwood and Hermitage in Lincoln Park that was most recently a large outlet store for Tag Furnishings.

If all goes according to plan, Broder Lincoln Park LLC would replace the industrial, loft-style building will two new four-story buildings that would be a mix of both rentals in one building, and condos in the other.

Already surrounded by luxury townhomes and up-scale single-family dwellings, the projects would also offer very spacious residences, with the average size for each condo unit having about 2,500 square feet, and the average rental offering about 1,250 square

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Although news about a new luxury tower coming to 9 W. Walton in the Gold Coast only first broke back in March, the upscale condo tower known simply as No. 9 Walton is now already 50% sold despite first units not even expected to deliver until the summer of 2017.

Being developed by JDL and located on the corner of State and Walton, No. 9 Walton is the epitome of luxury living in Chicago’s iconic Gold Coast neighborhood. Its elegant design blends in seamlessly with all the historic and mesmerizing architecture that surrounds this part of downtown Chicago, while inside, only 66 ultra-exclusive residences will be offered over its 36 total stories.

Described by JDL as the city’s first “six-star” condominium development, top-of-the-line finishes and lavish

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A report from Crain’s earlier this week detailed some exciting news relating to The Loop—Chicago’s primary business and financial district. Although nothing is official, two major projects are currently in the works, with one tower that’s being proposed for the corner of Clark and Lake Streets potentially standing 83 stories high and housing 600 hotel rooms and 300 apartment units.

Just three blocks west, also on Lake Street, an additional tower is also being planned, which would stand 33 stories high and house an additional 265 apartment rentals. This particular tower is being developed by Thomas Roszak, who has already acquired the two parcels the building would need, and is hoping to break ground in the spring.

The primary advantage of each building

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