It seems like only yesterday that plans for the new residential expansion at Block 37 were announced, but here we are right at the peak of the summer season and Marquee at Block 37 has now made its official debut on the downtown apartment scene.
Sitting atop the already existing mall structure, Marquee at Block 37 is easily the largest apartment tower to be built in The Loop in decades, housing a jaw-dropping 690 units over 34 total stories.
The building’s sleek glass design is a product of renowned Chicago-based architectural firm Solomon Cordwell Buenz & Associates Inc, which has also designed The Legacy at Millennium Park, 500 N. Lake Shore Drive, and countless projects all over the country.
Floor plans at Block 37 apartments range from studio to
The Loop Real Estate News
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There are currently 24 blog entries related to this category.
LondonHouse Hotel Sells For $315 Million Before Even Opening
When the LondonHouse Hotel was first announced last year, many felt it could easily establish itself as one of the top hotels in the entire city. The building’s rich history, its location just off the riverfront—everything about it seemed to just make sense. Now, over a year later, reports are surfacing that the hotel has actually been sold, just one month before making its highly-anticipated debut.
According to Crain’s, LondonHouse has officially sold for an insane $315 million, which comes out to about $697,000 per room. Oxford Capital is the original developer for the project and the breakdown of the sale seems to be as follows: Oxford will retain ownership of the first and second-floor retail space, while the company will also lease back the hotel and
Luxury Condos in The Loop Growing in Popularity
When you think about luxury real estate in Chicago, neighborhoods like River North and the Gold Coast likely come to mind pretty quickly. But as The Loop becomes more and more residential-friendly, luxury home buyers are also starting to make their way to the heart of downtown Chicago’s commercial core faster than you might think.
Don’t believe us?
As of today, roughly 20 listings are currently on the market in the Loop priced at $1 million and over, which certainly says a lot about where the market currently is, and where it might be heading in the not-so-distant future.
For now, the record sales price for a condo south of the main branch of the Chicago River is $5.2 million, but with luxury inventory increasing and evolving, and with so much high-end
Chicago's Willis Tower Hits the Market, Could Fetch $1.5 Billion
Chicago’s 110-story Willis Tower is up for sale and despite early reports saying the purchase price could exceed $1.5 billion, the Chicago Tribune now claims there might already be a buyer.
The current owners—New York investors Joseph Chetrit and Joseph Moinian and Skokie-based American Landmark Properties—most recently tried to sell the 4.6 million square foot building back in 2011, but failed to get the offer they were seeking, most likely because it was just too early in the overall economic recovery.
Since then however, the marketplace has drastically improved, the demand for commercial property in Chicago has skyrocketed, and new high-profile leases at Willis Tower all combine to make the country’s second tallest skyscraper a unique and