Streeterville Real Estate News

In a city as large as Chicago, there’s going to be some unique properties to hit the market every now and then. In most instances, you might see a home or condo with a funky layout or some interesting interior finishes, but rarely do you come across what just hit the market over at Lake Point Tower. 

Listed at $1.5 million, a 2,700 square foot garage that can hold up to 12 vehicles is now up for sale, making it one of the most expensive “toy boxes" you’ll probably find anywhere. Along with a couple handfuls of spaces to park all your luxury and vintage cars, the D1 garage unit also includes a full lounge area, a bar, and even its own bathroom. For added comfort, the garage also allows the owner to control the heating and air conditioning inside, and

Downtown Chicago’s hotel inventory got a little deeper last week as the 287-key Conrad Chicago hotel made its official debut. Located at 101 E. Erie inside the former DraftFCB office, Conrad Chicago is just steps from the Magnificent Mile and right in the center of all the action. Countless restaurants, stores, and downtown attractions virtually surround the new Conrad Chicago, but its design and overall concept should also be appealing to frequent business travelers visiting the Windy City as well. 

Conrad Chicago’s interior design is from highly-acclaimed Pierre-Yves Rochon, a Paris-based design firm that has handled major hospitality projects all over the world. In addition to its nearly 300 rooms, Conrad Chicago also includes 10,000 square feet of

A high-profile penthouse in Streeterville has sold, according to reports from Crain’s Chicago Business. The seller, who is also the former president of E-Trade Securities, officially unloaded the 16th-floor unit at 270 E. Pearson last week for $4.3 million, or for $1.5 million more than it was purchased for back in 2008. 

As noted in the report, the unit features 3,600 square feet across its two levels, and has three full bedrooms, three full bathrooms, and an 800 square foot balcony. Thanks to its location across the street from Lake Shore Park, the space also enjoys incredible views of Lake Michigan, and of course the park below which backs up to the Museum of Contemporary Art Chicago. 

The Belvedere condo is only one of 9 condos publicly listed

Another day, another new plan has been proposed for Chicago’s infamous Chicago Spire site, located just off Lake Shore Drive near Navy Pier. This time, architectural firm Gensler has drawn up a pretty impressive plan that fully takes advantage of the premium lakefront location, which is what seems to be raising eyebrows the most.

The concept is called Gateway Tower and not only is it a mega-tall high-rise that would re-define Chicago’s already spectacular skyline, but it would also add yet another highly-visited tourist attraction to downtown Chicago’s well-documented list of things to do when in town.

Unlike the original Spire design, which included condominium residences only, the focus of Gateway Tower would actually be more the building’s versatility,

While the hustle and bustle of Michigan Avenue might only be a few short steps away, there’s a stretch of Streeterville along Pearson Street which runs from Michigan Avenue all the way over to Lake Shore Drive that is one of the most pleasant places to live in all of downtown Chicago.

Aside from just a great location that’s close to everything, much of the appeal of Pearson Street relates to both Seneca Park and the sprawling Lake Shore Park that sits just a short block over, which is one of our favorite outdoor spots in the entire city.

A smaller green space with mature trees, lots of shade, and a small little playground for kids, Seneca Park first opened back in 1990 when a host of donations were made by wealthy neighbors to add more park space to the

Final details have emerged regarding the latest luxury high-rise that’s slated for downtown Chicago. Being called One Bennett Park, this stunning new Related Midwest project could actually be one of the more impressive developments to break ground in quite some time, which says a lot given downtown’s recent new construction boom. 

Located at 451 E. Grand, the building, which was designed by New York-based Robert A.M. Stern Architects, features a flawless Art Deco exterior that was inspired from the nearby Palmolive building, which is another one of Streeterville ultra-exclusive high-rises. 

When finished, the new tower will house 280 luxury apartments and 69 upscale condominium residences, although pricing has not yet been released by

Big apartment news hit downtown Chicago yesterday as reports have now surfaced that Atlanta-based Investco has acquired the 398 apartment units atop the Loews Hotel at 340 E. North Water Street, which was only just finished last year.

As first reported by Crain’s, Investco paid $240.3 million for the units, which comes out to roughly $604,000 per unit, or about the third-highest price-per-unit ever paid for an apartment building in Chicago.

Not long ago, 111 W. Wacker, another of downtown Chicago’s premier newer construction apartment towers, also sold for a hefty price, which is an encouraging sign for developers of new construction apartment towers who may be on the fence about selling sometime in the near future.

Along with 340 E. North Water, Investco

The hotel market in downtown Chicago is growing, and earlier this month, ground was broken on the newest hotel project to hit the Streeterville neighborhood at 226-228 E. Ontario. Being developed by Scott Greenberg, this particular hotel project is unique, however, because it’s being financed using the controversial EB-5 program, which allows international investors to become U.S. residents if they invest in qualified business ventures, like large-scale real estate developments for example.

As first reported by Crain’s, the new Streeterville hotel project combines 40 international investors who all put up $500,000 each for the development, which will eventually become a branch of Marriott International’s Autograph Collection once finished.

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