Streeterville Real Estate News

Information about Streeterville real estate news. Read about everything happening around Streeterville, including new construction updates, market tidbits, and anything that relates to commercial and residential real estate in Streeterville. Also start browsing active Streeterville real estate for sale, or contact Gold Coast Realty for help with your home or condo search around Downtown Chicago.

There are currently 36 blog entries related to this category.

It is Chicago’s ultimate luxury condo building, and for good reason. One Bennett Park not only enjoys a prime location, but plenty of high-end inclusions help set it apart from the rest.

Location

To begin with, the building sits in the city’s popular Streeterville neighborhood. It rises up just steps away from Michigan Avenue. The location puts it close to Lake Michigan and the Riverwalk, plus much of what you want to see, experience and explore in the city. 

Views

As one of the city’s tallest skyscrapers, the views from One Bennett Park are exceptional. The residences overlook the Chicago River, Lake Michigan and the city skyline. The penthouse units additionally enjoy 360-degree views of the surrounding city.  

Floorplans 

New and

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Lake Shore Drive is where luxury condo buyers will find many of Chicago’s premier condominium towers and residences. Offering sweeping views of Lake Michigan and unparalleled access to the hottest parts of Downtown Chicago, there’s really nothing quite like living along the lakefront.

Among Lake Shore Drive’s most sought-after condo buildings is 840 N. Lake Shore Drive—an elegant, Lucien Lagrange-designed high-rise that stretches 27 stories high with 70 ultra-luxurious condominiums nestled perfectly inside. 

As a medium-sized building, available inventory at 840 N. Lake Shore Drive is usually pretty limited. But every now and then a unit here hits the market that not only raises eyebrows but also tops Streeterville’s list of most expensive condos

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Tribune Tower EastA new skyscraper is on track to become the City of Chicago’s second tallest building. Aldermen recently approved plans for Tribune Tower East, which will eventually rise up 102 stories.

When finished, the skyscraper will surpass Trump Tower, which is currently Chicago’s second tallest tower. It will also become the nation’s third tallest building.

The $700 million project calls for more than 500 new condos and apartments, a 200-room hotel and space for hundreds of cars in its parking garage. Around a dozen of the apartments will be set aside as affordable housing.

In exchange, developers will be paying millions into the city’s Affordable Housing Opportunity Fund and millions more into Chicago’s Neighborhood Opportunity Fund. They’ll also be renovating

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A Chicago waterfront high-rise has a new owner. A New Jersey investor recently partnered with a Korean investor to purchase Cityfront Place for $154 million.

The 39-story building sits along the Chicago River. It is a Class-A building with 480-units and lake views.

The new owners are said to be planning on making several upgrades to the property. Lincoln Properties will manage the building.

Various reports suggest the new investors were drawn to the building in large part due to its location. The building sits near educational and healthcare institutions with a strong workforce, which helps ensure the purchase will be a good investment in the future. Cityfront Place is also convenient to neighborhood amenities and local landmarks.

The building previously

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The fall season is one of the busier times of the year for the housing market, and that's especially the case for Chicago's luxury market. As of now, here are just a few condo buildings where you'll find some of the Windy City's most expensive real estate as we approach the end of summer.

One Bennett Park

Luxury is key at One Bennett Park with its spa and salon, swimming pools, outdoor kitchens and a fitness center. Although it has several multi-million-dollar condos currently on the market, a penthouse unit tops $15 million, complete with more than 7,500 square feet of customizable living space.

840 N. Lake Shore

Located at 840 N Lake Shore, Residences of Lakeshore Park is a luxury high-rise in Streeterville. This full-amenity building

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Because Chicago’s Streeterville neighborhood is so saturated with high-rise residential buildings, it’s not uncommon for some highly-desirable locations to sometimes get lost in the shuffle. Whether it’s a lack of inventory for an extended period of time or perhaps new construction developments hogging all the headlines, overlooking a particular address is much easier to do than you might think.


Despite being one of our favorite Streeterville condo buildings for a multitude of reasons, one such building that’s easy to miss happens to be situated over at 160 E. Illinois—a location that puts residents just off the Chicago River and famed Magnificent Mile.

Built back in 2007 and home to 130 individual condo residences, 160 E. Illinois, also called Avenue

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The iconic Lake Point Tower condo building could be returning to rentals. About 30 years ago the tower changed from rentals to condos, and it appears the property may change back, and make history once again.

First constructed as rental apartments in the late 1960s, the property converted to condos in the late 1980s. At that time, it was the city’s largest conversion project. If the condos revert to apartments, it would again break records, this time marking the largest condo-to-apartment conversion project in Chicago history.

According to reports, some condo owners recently received letters inquiring about buying up units in the building and changing them to rentals. Current state law requires at least 75-percent of ownership to be in agreement in order

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The luxury home and condo market in Chicago has struggled in 2019 but that’s not stopping the developers of One Bennett Park from putting three luxury penthouses on the market that start at a jaw-dropping $14.3 million.

Oh—and each of these units, at that price point, all have unfinished living spaces.

The reason for the raw, unfinished units is simple—because buyers at this price point prefer to incorporate their own custom features, at least according to execs at Related Midwest.

Each penthouse condo at One Bennett Park is a full floor unit with exposures on all four sides. Each unit also comes with three garage spaces.

The 64th floor unit has 8,414 square feet and is listed at $16.8 million; the 65th floor unit has 7,582 square feet and is

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Chicago Co-Op ApartmentsIf you're looking to combine luxury with a co-op living experience, here are 3 co-op apartment buildings in Chicago that must be considered during your search.

1500 N Lake Shore

If your budget allows, consider some of the spectacular co-op apartments of 1500 N Lake Shore. Currently several three- and four-bedroom apartments are on the market in the building, including one particular two-level unit with 5,000 square feet of living space, priced at $3.5 million.

999 N Lake Shore

Another pricey co-op apartment building sits at 999 N Lake Shore. The vintage high-rise offers up sweeping lake views from its roof deck, plus a number of other stylish high-end additions. A pricey co-op apartment in the building right includes three-bedrooms, and is

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The Chicago city housing market cooled in the first quarter of the year, with the city performing much like the suburbs. Of the city’s 77 neighborhoods, sales were down in more than half of them during the first few months of 2019. Local agents have seen homes in some neighborhoods take longer to sell than they did during the same time period a year ago.

Analysts look at three key measures in determining a local market’s vitality. This includes the number of homes sold, the average time homes sit on the market and the median sale price.

In condos and townhomes specifically, no city neighborhoods saw improvements of all three measures during the first quarter of the year. In fact, only two neighborhoods in the Chicago area saw improvement in all three key

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