Chicago Real Estate News & Neighborhood Notes - River North Real Estate News

Luxury Condos at Sedgwick at Locust Are Worth a Look

In the midst of all the large scale development news that’s sweeping the South Loop, lost in the shuffle is Sedgwick at Locust—a sleek condominium development from Belgravia Group that’s slated for the rapidly up-and-coming Cabrini Green area in River North.

Dubbed “SL” for short, perhaps the most intriguing part about Sedgwick at Locust truly is its convenient location, which puts residents right in between the heart of one of downtown’s trendiest neighborhoods and the up-and-coming Clybourn Corridor, which now has an incredible selection of shopping and retail outlets, not to mention a new movie theatre, transportation, and more.

Inside, Sedgwick at Locust is as equally impressive, featuring a full compliment of luxury finishes that include high-end…

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Luxury Condos Finally Coming to 403 N. Wabash

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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Modern New Condo Tower Reveiled For 300 W. Huron in River North

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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69th Floor Condo Listed at $4 Million Now Trump Tower's Most Expensive Unit on the Market

The most expensive condo currently for sale inside Trump Tower right now is listed for $4 million. A spectacularly remodeled three-bedroom, four-bathroom unit with over 3,100 square feet of living space, the attention paid to all the little details inside this 69th floor unit is, in many ways, unparalleled and won’t leave potential buyers disappointed.

High quality wood work, motorized curtains, and a custom designed lighting package are just a few of the noteworthy finishes that you’ll find here in 401 N. Wabash #69E, but like most units this high up in the building, the real treat is with the stunning city, lake and, river views that are among the best you’ll find in any building the city.

Detailed by a recent piece in Crain’s, the owners are a couple…

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More High-End Rentals Approved For River North

It’s OFFICIAL! The Chicago Plan Commission has now approved plans for a shiny new 22-story mixed-use tower over in River North that will include 251 high-end apartments and 12,000 square feet of retail space.  

Plans for the new JDL project, which will eventually replace the Ed Debevic’s restaurant in the neighborhood, was first unveiled back in April, but uncertainty about whether or not the project would move forward grew when local officials made mention of the incredible amount of new apartments flooding the market, specifically around the downtown area.

But as demand continues to maintain for high-end rentals in downtown Chicago, construction continues to move forward for a wide-range of large-scale projects, which now includes the Ed Debevic’s…

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Seller Sees $1 Million Return at Trump Tower Chicago

Back in November 2012, reports surfaced about McDonald’s Corp. chief executive Don Thompson buying a 3-bedroom, 3100 square foot unit inside Trump Tower for $3.3 million.

Now, nearly 3 years later, more news has been reported that’s linking McDonald’s and Trump Tower, only this time the company’s retired president and his wife have unloaded their 49th floor unit, which was originally purchased back in 2011 for $1.5 million.

According to Crain’s, Jeff and Karen Stratton listed the 2,700 square foot condo back in March for $2.8 million, and as of July 22nd, the unit has officially closed at $2.5 million.

As mentioned, this particular unit has three full baths, a den attached to the kitchen, and 11-12 foot high ceilings throughout. And although market…

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Strata Condos in River North Quietly Hit the Market

In the midst of the luxury apartment boom that’s taking the downtown Chicago real estate market by storm, it’s nice to finally see a condominium project come through the pipeline, especially one as nice as the recently announced Strata, located at 861 N. Larrabee.

Being developed by the Domus Group, the Strata residences will feature 27 ultra stylish units that range from a $799,000 three-bedroom unit to a lavish $2.1 million full-floor unit with right around 3,500 square feet of living space. Those behind the project describe its design as modern European, while the site itself actually consists of three separate, already-existing structures that are currently being re-worked to appear as one cohesive building.

Inside, potential buyers can of course…

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MILA at 200 N. Michigan Making Progress Towards Early-2016 Completion

The new 41-story apartment tower coming to 200 N. Michigan Avenue is well underway at this point, exciting those keeping an eye on its progress and just waiting for its delivery early next year. Now being called “MILA” (an abbreviation for Michigan and Lake), 200 N. Michigan Avenue is literally just steps from Chicago’s primary theatre district, the Chicago River, Millennium Park, the Magnificent Mile and also the city’s major business and financial district, making it a great walk-to-work location as well.

Designed by bKL Architecture, MILA of course has a pretty sleek look and feel from the outside, not to mention developers are also aiming for a LEED Silver certification for the building once construction wraps up for the project. When finished, 402…

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Construction Well Underway for 298-Unit HoJo Tower in River North

The River North apartment market is about to get a little more crowded as construction for a 38-story high-rise rental tower continues to move forward, replacing the old 71-room mid-century Howard Johnson Motel.

Designed by bKL Architecture, the HoJo Tower will house 298 apartment units when finished, not to mention an abundance of retail and commercial space which should liven up this stretch or River North. In addition, a small public pocket park will also be situated on the west end of the building site—a feature that’s being designed by Kettelkamp & Kettelkamp out of Evanston.

Earlier today, the Chicago Architecture Blog posted photos of the completely demolished, now-empty site of the former HoJo Motel, which will soon be occupied by this…

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Chicago Billionaire Sam Zell Reportedly Set to Sell Waldorf Astoria

Back in 2011, Chicago Billionaire Sam Zell purchased 11 E. Walton, what was then known as the Elysian, for $95 million—a record setting per-room price at the time of $505k. Now fast forward roughly 5 years and Zell is looking to sell the 188 room hotel, now known as Waldorf-Astoria Chicago, and is expected to see a very strong return.

In New York, Hilton Holdings is in the midst of selling the Waldorf-Astoria at 301 Park Ave. to Chinese insurance conglomerate Anbang for a reported $1.95 billion, or about $1.4 million per room, and although Chicago real estate prices are nowhere near New York City’s, it’s a clear sign of just how much hotel values have risen in major markets like Manhattan and downtown Chicago.

Because the sale of Chicago’s Waldorf…

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