Archive for the 'Condo-hotels' Category

What Will Happen to the Luxury Market? 111 S. Peoria in the West Loop

This 3-bedroom in the Illume at 111 S. Peoria in the West Loop came on the market in March 2020. The Illume was built in 2018 and has 79 units and heated garage parking. It is one of the few buildings in the West Loop that also has a full-time doorman. The building sold out […]

$75,000 Reduction on 2-Bedroom Lincoln Park Duplex Up Condo: 1020 W. Armitage

This 2-bedroom duplex up at 1020 W. Armitage in Lincoln Park came on the market in February 2020. Built in 1995, this building has 8 units and attached parking. It doesn’t appear to have an elevator, however. This unit is a duplex up penthouse. The main level has the living room, dining room and kitchen, […]

How Are Those Condo-Hotels Doing? The Raffaello at 201 E. Delaware in the Gold Coast

This condo-hotel unit at The Raffaello at 201 E. Delaware in the Gold Coast has been on and off the market since October 2011. The listing says it is bank owned. The condo-hotels were all the rage at the height of the housing boom. You own the hotel room which has a private, locked closet where you can […]

Are Condo-Hotels Dead? Maybe Not.

We’ve been chattering about how the condo/hotel units at Trump Tower and the now canceled Canyon Ranch, may have been a flash in the pan in the housing boom. But are they? David Roeder, the Sun-Times real estate columnist, talks about a new condo/hotel building that is slated for Chinatown: Wong has received zoning approval for another notable […]

Flipper Alert: Flippers Appear in the Elysian (???)

The Elysian is a 60 story hotel/condo building being built in the Rush Street Corridor at 11 E. Walton.  It will have 188 guest suites (i.e. hotel rooms) and 51 private residences. Interestingly, there are 7 listings on the MLS for units in the building even though the building is far from complete.  Two listings […]

Mandarin Oriental Disputes Troubles with Financing

  Gosh, condo-hotels are suddenly hot with the media.   Crain’s is reporting financing troubles with the Mandarin Oriental, the condo-hotel and condo building at South Water and Stetson near Millennium Park.  It hasn’t broke ground yet and groundbreaking keeps getting pushed off. In Sunday’s Chicago Tribune article about condo-hotels, the Mandarin refused to say what […]

You can own your own hotel room at the Raffaello

After looking at the website for the Raffaello Hotel Condos, at 201 E. Delaware, it makes me want to book a room there.  Great lobby.  And it seems affordable, especially for that nice Streeterville/Gold Coast location.  The website touts web specials as low as $139 a night. As we talked about in the other post about Trump’s condo-hotels, the […]