River North Real Estate News

A new hotel development is reportedly being planned for another surface parking lot in Chicago’s booming River North neighborhood. According to Crain’s, developers are looking to add the first Andaz Hotel in Chicago, which will be located at 430 N. LaSalle Drive if all goes according to plan.

As noted in the report, a timeline for the project is still unknown, but renderings show a towering glass structure that could potentially rise 18 stories high and hold 199 hotel rooms.

The hotel market in Chicago has gotten considerably more crowded in recent years and hotel room supply has apparently spiked by roughly 10 percent just since the project was approve by the City Council.

Should the development move forward, Illinois would be just the sixth U.S. state

If you’re in the market for a new luxury condo, you currently have several options to choose from within The Ritz-Carlton Residences. Right now the desirable property has several two- and three-bedroom condos up for sale or for rent. 

A two-bedroom, 2.5-bath unit with around 1,900 square feet of living space is renting right now for $9,100. In comparison, it’s possible to find several other two-bedroom floor plans priced starting at $1,000,000. The priciest two-bedroom currently on the market includes 2,800 square feet of living space, offered for $2.3 million.  

If you need more private space, a three-bedroom with 2,400 square feet of living space is currently on the market for around $1.88 million. The largest and most expensive condo is priced at

A high-profile billionaire has listed his condo at the Ritz Carlton Residences, according to reports from multiple outlets.

Germán Larrea Mota-Velasco, the majority owner of mining company Grupo Mexico, originally purchased the 3,500 square foot condominium back in 2015 for $3.6 million and is now looking to unload the 38th floor unit at a cool $8 million.

The asking price isn’t unrealistic as the Chicago-area luxury market had a strong start to 2018 before taking a serious nose dive in the fourth quarter.

Back in June of last year, a bare, 6,000 square foot penthouse condo at the Ritz Carlton Residences traded for $8 million, and 2018 as a whole saw a record number of home sales priced at $4 million and over.

Planning to be in the market for a luxury condo this spring? If so, these luxury condo towers around Chicago all have a penthouse unit that JUST hit the market…

The Montgomery

The completely renovated, top-floor penthouse at The Montgomery that just hit the market is about as good as it gets. The views are spectacular, the location is superb, and the Kristy Yarbrough-designed living space features all the bells and whistles. Oh, and there’s also a 1,000 square foot outdoor terrace with a built-in bar and grill as well.

Asking Price: $4,995,000

Lincoln 2550

As one of 4 penthouse condos at Lincoln 2550, this spectacular 4 bedroom, 4.5 bathroom residence features traditional finishes and views that are simply unmatched. In fact, you’ll even enjoy

River North is one of downtown Chicago's trendiest neighborhoods. But that doesn't necessarily mean buyers need a million dollar budget to call it home. In fact, listed below are several locations where buyers should find a variety of desirable living spaces with prices that don't break the bank.

600 N. Kingsbury

Found at 600 N Kingsbury, the Park Place condos enjoy close proximity to the park, plus amazing river and city views. Along with some two-level duplexes, the property offers up more affordable, one- and two-bedroom floor plans.

400 N. LaSalle

More budget-friendly options exist within 400 N LaSalle. This property has some studios and one-bedroom floor plans to fit your budget in River North, plus the luxury of an outdoor swimming pool

If you're looking for a lavish and luxurious living space but also tired of browsing the same old listings, here are 3 ultra high-end condo towers that feature a penthouse unit that JUST hit the market. 

The Fordham 

Enjoy sweeping 360-degree views of the city, with a penthouse that just hit the market at The Fordham. This spectacular property offers nearly 6,500 square feet of living space, including a chef’s kitchen, a massive master suite, a private garage and two oversized terraces. 

The Legacy

Just as incredible, spectacular views overlooking Lake Michigan, Michigan Avenue and Millennium Park can be found at The Legacy. A newly listed penthouse unit in the building offers a new buyer the exclusivity of an entire full floor of living

With the Thanksgiving holiday nearly upon us, food, family, and football is obviously on the brain to kick off the short work week. For some, there’s nothing quite like hosting a Thanksgiving feast, especially if you have the kind of kitchen needed to really do things right. And while images of a sprawling kitchen found inside a charming suburban home might first come to mind while dreaming of the perfect Thanksgiving setup, a number of luxury condo buildings right here in the city also feature kitchens perfectly equipped to entertain. We explore several below….

Trump Tower

If you’re wanting to host a Thanksgiving dinner party right in the heart of downtown, providing guests with some of the best views of any condo building in the city will

A small, one-story currency exchange and surface parking lot at 777 N. LaSalle Drive in Chicago’s booming River North neighborhood could soon be replaced, according to a recent report from Curbed. 

The site was reportedly sold to a private developer for $4.2 million, and plans for a mixed-use project that includes retail space and private residences above are already in the works. 

As mentioned by Curbed, the property covers about 6,200 square feet and its location is tailor made for new development. The site already has a high density zoning designation of DX-7, and its location is right in the heart of River North and just blocks from the Mag Mile. 

Chicago’s next skyline-altering project is set to break ground as early as January, accordion to a recent report.

Called One Chicago Square, the supertall skyscraper is planned for a surface parking lot across from the Holy Name Cathedral in River North and is being developed by Chicago-based JDL Development and Sterling Bay.

If you’re still unfamiliar with One Chicago Square, the sleek, two-tower design is projected to include 869 rental units, luxury condominium residences, office space, and retail space that will feature a new Whole Foods Market and a massive, 100,000 square foot Life Time Athletic club.

The building’s stunning design is by Goettsch Partners and Hartshorne Plunkard Architecture, and when finished, the towers will stretch 654 and 1,011

River North is unquestionably where you'll find some of Chicago's hottest nightlife, trendiest restaurants and eateries, and of course plenty of luxury homes and condos. And if you're looking for a style and sophistication in a new place but still don't want to break that million dollar threshold, several buildings come to mind that may just be the perfect fit.

55 E. Erie

Just a short block from the Magnificent Mile, 55 E Erie provides a prestigious address and luxurious residences. While its possible to find a large unit at a higher price point, you can still buy luxury in this building with some two-bedroom plans for under $1 million.

Trump Tower Chicago

With a prominent name, Trump Tower Chicago celebrates a sophisticated setting and