The Loop Real Estate News

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

There are currently 21 blog entries related to this category.

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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The Heritage at Millennium Park leads off the list of Hot Commodities in The Loop. Heritage at Millennium Park units have a wide price range from under $300K to over $3.5M. Most every unit has at least 1 bedroom, but there are a few studios as well. Penthouse units are located on the 56th and 57th floors. Heritage offers many distinctive amenities including: an exercise room, indoor pool, whirlpool, party room, sundeck, Additionally, It’s one of only a few Chicago condos that have access to the Chicago Pedway, a network of underground and above ground walkways. That unique feature along with its close proximity to the train line and multiple bus stops make it a commuter’s paradise. It holds a Walk Score of 94, Transit Score of 100, and Bike Score of 84.

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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

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Loop Rentals ChicagoAlthough the spring and summer is when Chicago's' robust apartment market really comes alive, fall can also be a great time to find a good deal, especially in the heat of downtown. Here's a closer look at where to rent in the Loop this month and beyond...

223 W. Lake

The boutique development of 223 W Lake offers up plenty of luxurious features and finishes. The renovated lofts of this building include soaring ceilings and fantastic city views, along with some exposed brick accents and private elevator entry.

130 N. Garland

Also called The Heritage at Millennium Park, 130 N Garland is the Loop’s tallest residential building, with easy and secure access to area shops and public transportation. The full-amenity building also features its own

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New renderings were just revealed for a planned mixed-use development that will soon be built at 171 N. Wabash in the Loop. According to Curbed, the building will feature 81 new apartments and 5,500 square feet of ground level retail space, and also provide a location that’s just steps from two CTA stations, which is important given the project won’t include any on-site parking.

The new 171 N. Wabash building was designed by Chicago-based Hartshorne Plunkard Architecture (HPA), and its warehouse-like exterior blends in perfectly with other neighboring mid-rise buildings that date back to the 1920s and ’30s.

Also featured in the new renderings is a pretty sweet rooftop swimming pool and sun deck, and also the noticeable addition of “vertical planted

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The Chicago Loop is known more for being a bustling commercial and financial district as opposed to being one of downtown’s premier residential neighborhoods. Home to the Chicago Stock Exchange, the famed Willis Tower, the Chicago Board of Trade, City Hall and hundreds of other local businesses and corporations, The Loop truly is the core of commercial commerce here in the Windy City.

But among all the towering commercial high-rises and the thousands of workers commuting in and out of the neighborhood each and every day, some of the most luxurious downtown condo buildings are also lay claim to the Loop, also making it an attractive place to consider if you're looking to live right in the middle of all the action.

Condos lining South Michigan Avenue

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It’s a mixed bag for luxury condo prices in Chicago right now. While some buildings are selling for a higher price per square foot, others are down in price.

Perhaps one of the biggest names right now is Trump, and reports suggest the condos at Trump International Hotel & Tower are among those down in price. According to some published reports, the sale price per square foot within the Chicago River tower was down about 12-percent from 2016 to 2017. In comparison, reports list the average sale price per square foot in 340 On the Park, located in Lakeshore East, up about 12-percent during the same time period.

While some brokers suggest it could be a reflection of the Trump presidency, others suggest increasing completion from newer construction, luxury

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A former office building will soon be transformed into apartments, as part of a conversion project involving the old Hartman Building. Located at 30 E Adams Street, the building dates back to the mid 1920s, and is well known for housing Miler’s Pub on its ground level.

The city just approved a permit allowing the developer to start work on the project. The conversion involves transforming the building into more than 170 rentals. It’s projected the cozy units will each occupy around 500 square feet.

Along with the residential units, reports suggest that amenity space will be added to the building’s 13th and 14th floors. As well, a new elevator penthouse will join the 15th floor of the building.

The conversion project is just one of a number of

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While Chicago’s real estate market has been off to a fast start in 2017, the luxury market in 2016 actually cooled off a bit compared to a year prior, at least when it comes to the region’s priciest homes.  

According a recent report from Crain's Chicago Business, just two homes in the six-county Chicagoland region sold for $10 million or over back in 2016, which is down from 6 homes at that price point back in 2015. Even with the dip in ultra-luxury home sales, however, 2,423 homes priced at $1 million or more also sold back in 2016, which is a 2.5% increase compared to 2015. 

As you might expect, top selling suburbs in the luxury category were Hinsdale (144 luxury sales), Winnetka (144 luxury sales), Wilmette (120 luxury sales), Lake Forest (97

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Residential development around The Loop has certainly picked up in recent months, but that certainly isn’t slowing down commercial development within Chicago’s primary business and financial district. Just this week, plans for a pretty sweet looking loft-style office building, which if approved, would be developed at 145 S. Wells. 

What would stand 20 stories high, the new boutique office development is designed by Chicago-based Thomas Roszak Architecture, and as you can see, features a slick maze-like exterior that can only be described as something you might ordinarily see over in River North. 

As of now, an established four-level parking garage occupies the potential building site, but given the location of 145 S. Wells sits right in the heart of

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