Lincoln Park Real Estate News

An update on a luxury single-family home project caught our eye today in Chicago Magazine, which when completed will bring six incredible new single-family homes to a plot of land that was once the home of DePaul University’s vacant Theater School on Kenmore Avenue, just south of Webster Avenue.

As noted, the new homes will range from 5,700 to 9,500 square feet in size, and offer attached two- to four-car garages, top-of-the-line finishes, and even some pretty amazing add-on features like a basketball court or indoor lap pool should the eventual buyer choose. But with all that extra living space and all those lavish interior and exterior finishes, these home in particular come at a premium, with prices anywhere between $3.6 and $6.2 million, or about $2

Despite being in the middle of a development boom unlike anything we’ve seen since prior to the recession, not every project that’s being proposed comes to fruition, believe it or not. According to a recent report from Curbed, plans for a new 17-story condo tower over on Diversey Parkway have been shot down by the Park West Community Association and local neighbors in the Lincoln Park area due to their concerns over the building’s height and unit count.

The plan for the sleek new Pappageorge Haymes Partners-designed tower called for 78 condos, parking for 81 vehicles, a green roof deck, and as mentioned above a height of 17 stories, however after requests were made to lower the height and reduce the number of living spaces, developers have apparently

Although Lincoln Park’s North Burling Street is where you’ll find some of the most expensive single-family homes in all of Chicago, it looks like some equally luxurious attached living spaces will soon be coming to the area.

Reports are now surfacing about a new Sedgwick Investments and Contemporary Concepts Inc. project that’s brining a sleek new condo project to 1615 N. Burling Street right in the heart of Lincoln Park.

Designed by Pappageorge Haymes Partners, 1615 N. Burling will feature 15 luxury condominium residences that offer between two and three bedrooms and 1,400 and 2,400 square feet of living space. Additionally, potential buyers can expect luxury Lincoln Park-like prices, with units currently on the market between $729,000 and just under

Less that 2 years ago, Walton Street Capital purchased the 184-room Hotel Lincoln, located at 1816 N. Lincoln Avenue up in Lincoln Park. Now, looking to capitalize on strong investor demand for hotels in Chicago, that same firm is putting Hotel Lincoln back on the market in hopes of making a pretty substantial profit.

After acquiring Hotel Lincoln back in 2013, Walton Street made some pretty significant improvements to the property, which included installing a retractable roof to its rooftop bar, the J. Parker, allowing it to be open all year long.

In addition, occupancy levels and room rates are significantly higher than pre-recession levels, further boosting hotel values throughout the city. According to reports and those familiar with the property,