A few weeks ago I posted about this River City 1500 square foot duplex that originally sold for $543,000 and was now bank owned and being sold for $268,800. That’s a 49% reduction. The “once in a lifetime opportunity” is still available. According to this post on Craigslist, they are holding an open house this weekend. Maybe […]
Remember the news last year that Vince Vaughn had bought the penthouse in the Palmolive, at 159 E Walton in Streeterville/the Gold Coast for $9.5 million (original list price of $10.5 million)? It was, at the time, touted as the most expensive condo unit ever sold in Chicago. The Palmolive penthouse had been for […]
Recently, I talked about closings beginning at The Columbian, at 1160 S. Michigan, which anchors South Michigan Avenue at Roosevelt Road. The renovation of Metropolitan Tower further up the road and the recent re-opening of the sales center at 6 North Michigan (it had been closed for years due to financial problems with the original developer) all […]
It is not a secret that Ivanka Trump, Donald Trump’s oldest daughter, is heavily involved in the marketing and selling of Trump Tower Chicago. But in the last two weeks in the Chicago Tribune, Trump International seems to have shifted sales techniques and is now using Ivanka as their “brand.” Trump has taken out […]
As I talked about earlier, closings have begun at Avenue East, at 160 E. Illinois the new high rise right off of the Mag Mile in Streeterville. (It is much more completed than the picture above suggests.) There isn’t much architecturally interesting about the building, but it has a great location right near the Mag […]
The day after the Chicago Spire made its big splash, Chicago developer Michael Reschke was interviewed in the Wall Street Journal about the mega-high rise he has on the drawing board, the Chicago Waldorf. According to the article, it will be a 100 story Waldorf-Astoria hotel and condominiums with 325 rooms in the hotel and […]
The Wall Street Journal had some interesting Chicago condo statistics in its Wednesday edition. According to Marcus & Millichap Real Estate Investment Services, Inc. the Chicago area is going to add 26,000 condominiums this year and next to the already existing supply of 220,000 units. According to the Chicago Association of Realtors: August saw a […]
Crain’s has posted information from the press “sneak peek” at the Chicago Spire today. The rumors about prices weren’t too far off. They will range from $750,000 to $40,000,000 (not the $10 million that was talked about.) Several things: The $750,000 cheapest unit will be for only 534 square feet. I’m assuming that is a […]
I already have had several posts on early flips at Helmut Jahn’s modern high rise at 600 N. Fairbanks in Streeterville. The closings have not yet begun but another flip has appeared. Unit #1901: 3 bedroom, 2.5 baths, 1746 square feet, Southeast facing unit Hasn’t yet closed but those familiar with the building tell me […]