Chicago Real Estate News & Neighborhood Notes - West Loop Real Estate News

West Loop Development Boom Still On-Track

Despite questions over the pandemic and office space demand moving forward, it appears the Fulton Market building boom is set to continue, according to a recent report from Block Chicago.

Earlier this year, Chicago’s Committee on Zoning lifted a ban on residential development north of Lake Street, providing new opportunities for both developers and new home owners and renters to become part of Chicago’s hottest neighborhood.

For years, residential construction was prohibited around the Kinzie Corridor Overlay District near Fulton Market thanks to all the industrial companies and meat packing facilities that once dominated the landscape.

That landscape, however, has since evolved and not Fulton Market is where you’ll find many of the city’s trendiest…

1266 Views, 0 Comments

Chicago Leaders Lift Fulton Market New Residential Development Ban

A decision from the Chicago Committee on Zoning a few months ago could have a far reaching impact on development in Fulton Market. The committee approved an ordinance last spring which lifted a ban on residential development north of Lake Street.

That decision was quickly reinforced by a similar vote from the full City Council. In lifting the previous construction ban, it gives approval for new residential development in the Kinzie Corridor Overlay District.

That’s an area bound by Carroll Avenue, Ogden Avenue, Hubbard, Wayman and Halsted. Residential construction had previously been banned in the area, as it was mostly restricted to hotel and office buildings.

Over about the past ten years or so the area has changed over from an industrial, meatpacking…

1060 Views, 0 Comments

Where to Buy a Chicago Loft in 2021

There are plenty of options and opportunities when it comes to buying a loft in Chicago. But right now, several buildings standout as being top locations to consider heading into the busy spring market.

The Ronsley

For New York-style loft living in River North, you’ll want to take a second look at The Ronsley. The property is home to around 40 lofts, complete with large windows and high ceilings.

Ontario Street Lofts

Found at 411 W Ontario, the Ontario Street Lofts include access to a rooftop deck, fitness center and a bike room. The property currently offers up a number of one-, two-, and even three-bedroom units for buyers to choose from.

Haberdasher Square Lofts

Once the site of a clothing factory, the Haberdasher Square Lofts now…

2374 Views, 0 Comments

Top 5 Uber-Luxury Loft Condos in Chicago’s West Loop

If you’re looking for luxury in a new West Loop loft, these highly-desirable, highly sought-after buildings aren’t a bad place to start your search. 

900 W. Washington

Easily one of our favorite newly developed residential buildings in the West Loop, 900 W. Washington has it all. Lavish and luxurious finishes throughout, a warehouse-inspired design that blends perfectly with the surrounding West Loop neighborhood, and secure entry, and attached garage parking. 

1400 W. Monroe 

Another new construction loft-inspired condo project, 1400 W. Monroe feature 42 of the most impressive condominium residences you’ll find anywhere in the neighborhood. Thoughtful designs, functional layouts, and a location that’s nestled on a quieter, tree-lined street,…

1695 Views, 0 Comments

Where to Search Million-Dollar Lofts in Chicago Heading Into 2021

Looking for the ultimate urban living experience to ring in the new year? Here's where buyers will find some of Chicago priciest lofts heading into 2021...

333 W. Hubbard

Some sophisticated options exist within 333 W Hubbard. Also called Union Square Lofts, the property currently has a couple of million-dollar lofts on the market, as well as some priced even higher than that. The price point offers a large amount of living space, with private balconies and plenty of high-end additions throughout.

The Ronsley

At home in River North, The Ronsley is another impressive option for buyers in this price range. The multi-level units are designed to feel more like single-family homes, with large rooftops and decks for additional living and entertaining…

1876 Views, 0 Comments

Construction Begins on 2 West Loop Apartment Projects

Two large-scale apartment developments have officially started construction, according to a recent report on Block Club Chicago. The first, a 26-story high-rise at 1400 W. Randolph, will feature 278 luxury apartments, as well as ground-level retail space.

Across the street, and also across from Union Park, 1454 W. Randolph will stand 11 stories high and include 243 new construction apartment units.

Combined, both projects will include over 100 affordable housing units and the projects will also provide 500 jobs during the construction process as well.

Despite some resistance from area residences, each of these high-profile apartment projects were ultimately approved and will generate $2.6 million for the Neighborhood Opportunity Fund and help…

1253 Views, 0 Comments

Investors and Developers Still Targeting Fulton Market Neighborhood Despite Pandemic

Despite the effect of an ongoing pandemic, it seems investors and developers still have an eye on the Fulton Market neighborhood. According to published reports, an investor recently closed on a $20 million industrial property that will reportedly be turned into hundreds of new apartments.

A new office property is expected to break ground soon, as well. Together, reports suggest the two projects could benefit each other, giving office workers a place to live that’s in the same neighborhood and close to work.

Another one-million or so square feet of office space is under construction right now and should deliver by the end of 2020. Some investors are banking on the neighborhood’s long-term potential.

That’s why they snapped up property in the neighborhood…

1461 Views, 0 Comments

Why You’ll Love Living at 1400 W. Monroe in Chicago's Highly Sought-After West Loop

From its location to its luxurious options, you’re sure to love living at 1400 W Monroe. Found right in Chicago’s West Loop, the building offers your choice of more than 40 upscale residences.

This new construction property includes mostly two- and three-bedroom floor plans with custom kitchens and large master suites. The sophisticated building also offers large private balconies and some outdoor terraces, as well. 

In addition, you’ll find such conveniences as deeded garage parking, storage lockers, a dog-washing station and some fantastic views overlooking Skinner Park and the city’s skyline. A two-bedroom unit in the building may supply around 1,200 square feet of living space, while a three-bedroom unit can easily top 1,800 square feet.  

…

1263 Views, 0 Comments

Pre-Sales at Ultra-Luxe CA6 Development in the West Loop Reach 35%

The West Loop has been one of Chicago’s hottest neighborhoods for several years running and  Chicago-based Belgravia Group’s latest condominium project, CA6 West Loop, is only the latest example that backs up that claim.

According to recent reports, the seven-story, 72-unit development has already pre-sold 35 percent of its units well before construction has even started.

For those still unfamiliar with Belgravia’s latest high-profile project, CA6 will feature three-bedroom/three-bathroom and four-bedroom/3.5-bathroom duplex layouts, representing the most sought-after floor plan in the West Loop right now.

Not surprisingly, CA6 condos for sale won’t come cheap for anybody interested in the building. Prices for duplex condos still remaining start at a cool…

1466 Views, 0 Comments

The 5 Most Expensive Condos in the West Loop

Live in luxury at the 5 most expensive condos currently on the market in Chicago's red hot West Loop.

900 W. Washington Boulevard PH-901

$5.5 million

The most expensive condo in the West Loop right now is a five-bedroom, six-bath penthouse. Part of 900 West Condos, the unit offers 4,900 square feet of living space, and is priced at $5.5 million.

This top floor duplex enjoys some amazing views and a massive wrap-around terrace. It also includes private elevator access, floor-to-ceiling windows, polished concrete floors and an amazing location.

128 S. Green Street PH-A

$3.5 million

A newly constructed penthouse at 128 S Green Street is priced at $3.5 million. Penthouse A offers private elevator entry, floor-to-ceiling windows and some incredible…

1763 Views, 0 Comments