Chicago Development News

By now, chances are you’ve probably already heard about Chicago’s famed and historic Tribune Tower being converted over to residential use. But as developers push forward with the building’s complete overhaul, more details are being unveiled about the Windy City’s newest high-profile condo tower.  

According to Crain’s, a sales center for the Tribune Tower Residences is set to open in August and the lowest priced units will start at $700,000. Furthermore, the highest-priced condos inside the new Tribune Tower are expected to exceed $7 million. 

Also noted is that one-, two-, three-, and four-bedroom floor plans will be offered to buyers, but a building breakdown in terms of how many of each layout will be available, and also each price point, is

At home in one of Chicago’s most desirable areas, the West Loop Collection offers up dozens of new condos in a coveted setting. With eight units per building, buyers have the choice of a more traditional single-story condo, a four-bedroom duplex or even a penthouse duplex. Altogether this presents a number of luxurious options.

Ranging from three- to four-bedrooms, the units of West Loop Collection offer expansive floor plans to meet the needs of upscale buyers. Prospective new residents can expect to find such high-end additions as custom Italian cabinetry, premium appliances and wide plank oak hardwoods.

As well, the new units are outfitted with private balconies or rooftop decks, large kitchen islands and plenty of added extras. Buyers of the new West

Two new apartment projects are in the works for Chicago’s South Loop. The first apartment tower is slated for Wabash Avenue, while the other building is planned for LaSalle Street.

The Wabash Avenue plan is proposed to go in where a parking lot now sits at Wabash and Van Buren. The 24-story apartment tower plans for nearly 350 rental units. More than 200 of them would likely be efficiency units, while the others are planned to consist of one-bedroom, two-bedroom and even three-bedroom floor plans.

The other property, meanwhile, sits only about three blocks away. The proposed apartment building would stand 17-stories high and would include several fully furnished private bedrooms with shared common space. Rental prices would include the furnished unit,

A number of major developments aim to change Chicago's landscape, but these 3 are the ones that standout to us most.

The 78

One of the massive developments currently in the works is The 78. Found between Chinatown and South Loop, the project aims to bring with it a number of high-rises, housing thousands of residential units. Before any construction begins, though, The 78 requires new infrastructure improvements in the area, including a Riverwalk, new streets, a realignment of the current Metra tracks and a new Red Line station.

Lincoln Yards

At 55-acres, the multi-billion-dollar Lincoln Yards brings with it thousands of new residential units and parkland to the area. The site sits between Bucktown and Lincoln Park, with plans for transforming

With the added enjoyment of stunning park, lake and city views, NEMA certainly delivers on luxury. This brand new building is home to hundreds of new apartment homes, including everything from a lower-level studio to a sweeping four-bedroom design.

The building also offers a massive amount of amenity space, ranging from the indoor/outdoor swimming pool to a golf simulator, boxing gym and even a basketball court. The rentals of NEMA are, of course, equally as impressive.

Right now on the MLS you’ll find rentals including a cozy studio with nearly 500 square feet of living space. The unit comes with garage parking, priced at under $1,800 per month. Other options include one of the larger one-bedroom units, or even a two-bedroom, two-bath unit with up to

South Loop development is booming right now, and in case you haven't noticed, here's a closer look at 3 of the neighborhood's newest jaw-dropping additions..

NEMA

Right on Grant Park, NEMA serves up 76-stories of luxury overlooking Chicago. As the tallest residential rental building in the city, the new NEMA tower provides everything from studios to four-bedroom rentals, complimented by such unique amenities as a golf simulator, indoor and outdoor swimming pool and a boxing gym.

1000M

Another luxury option sits right on Michigan Avenue. The sophisticated 1000M enjoys everything from a cozy one-bedroom floor plan to a sweeping penthouse unit. The new building also provides for a sun deck and outdoor swimming pool, a spa, a library and a Sky

From its convenient address to its added extras, 1400 W Monroe is hard to top. In fact, we’ve found three things you’re sure to love about living in this West Loop building.

To begin with, the location is top notch. Just adjacent to a dog park, the building also enjoys a convenient location that’s close to area restaurants, bars, and even Chicago’s new McDonald’s headquarters. This puts everything you need and want in the area easily within reach.

The available layouts are equally impressive. The property features a spacious collection of two- and three-bedroom units, with thoughtfully designed homes and large floor plans sure to appeal to the needs of today’s most discriminating buyers.

Not to be outdone, the finishes of 1400 W Monroe are equally

Chicago-based Habitat is planning a new 343-unit apartment tower for a prime Fulton River District location that they say is the perfect position between the Loop and Chicago’s ultra-trendy West Loop.

Right now, the site is occupied by an existing warehouse structure that was previously owned by Cassidy Tire & Service, but that would be torn down to make way for the new 33-story high-rise.

Developers say job growth in the area is the primary driving force behind the project, not to mention the addition of two newer office towers to the surrounding neighborhood, including the planned 60-story Salesforce building.

In addition, Habitat’s new apartment development will also provide a close proximity to a number of new office and hotel projects in

The One Chicago Square development recently gained its first construction permit, allowing crews to forge ahead with the new project. The $46 million building permit allows the developer to move forward with the project’s foundation and an underground parking garage.

Back in March crews began demolition work at the site. One Chicago Square takes the place of a parking lot that formerly belonged to the nearby Holy Name Cathedral, and some other older buildings in the area.

The new development, however, is expected to greatly transform this part of River North. When finished, the complex plans to offer two residential towers atop a shared podium of retail and office space. A Life Time Athletic club and Whole Foods Market are both expected to anchor the

A massive new development planned to go in near Soldier Field just got some major affirmation from the Chicagoland Chamber of Commerce. The group recently released a more than 30-page study highlighting economic benefits of the proposed new development.

According to the study, One Central will likely bring in $120 billion in taxes and transit revenues over the next four decades. It’s estimated the $19 billion project will also create more than 200,000 permanent jobs and support tens of thousands of construction jobs.

The One Central project includes ten towers, a pedestrian bridge connecting the lakefront to the South Loop and public open space. In addition, the plan calls for a transportation hub.

The proposal still needs to gain backing from the incoming