Archive for November, 2007

The Provenance: Good Building Priced Wrong in Edgewater

Maybe the name is a giveaway: “The Provenance.”  There is something not right about that name in Edgewater.  And if you walk up historic North Kenmore, you will stumble up on it and wonder, “why did they build this here?” Located at 5230 N. Kenmore, the building looks out of place next to the more historic […]

The Pullman Historic District: Worth a Look At?

  The Sunday Chicago Tribune had a cover story over the weekend about the gentrification of the North Pullman neighborhood.  For those of you who don’t know, Pullman is a Landmarked State and National Historic District (one of the few in the country that has city, state and national landmark status) located on the far […]

Gold Coast’s Most Expensive Mansion Sees a Price Reduction

  It’s the second most expensive single family home on the market in Chicago and it just had a price reduction.  Located in the Gold Coast on small, quiet Banks Street, the mansion was built in 1870.  From the listing: The Most Architecturally Significant & Beautiful Home In Chicago! A 15,000 Sq Ft Masterpiece In The Heart Of […]

River City Is Swimming in Foreclosures

  Sorry to keep talking about the foreclosures, but they’re inescapable right now.  I’m hoping that I’m at least providing information for those people looking to buy in certain buildings (and want to avoid buildings with multiple foreclosures) or to those looking to see where some deals might be. Yes, the “deal of the century” […]

Luxury Builder Toll Brothers Reports That Sales Still Stink

Since we seem to talk quite a bit about the luxury market here, I thought it might be interesting to see what one of the biggest luxury builders is saying about the market.  Toll Brothers builds single family homes and townhomes, for the most part, and not large condominium buildings.  But what they have to say […]

We Love Huge Lofts With Private Terraces: Haberdasher Square

What do you get for nearly a million dollars in an older Loop loft building?  You can get a brick, duplexed unit with a huge private terrace. Haberdasher Square at 728 W. Jackson in the loop/west loop neighborhood is a 225 unit complex with two connected buildings.  The oldest, and the taller of the two, is from 1915, with […]

Crain’s Reports on More Problems with the Chicago Spire

  Problems continue to mount with The Spire.  Is anyone really surprised?  The developer, Shelbourne Development, has never built anything over 40 stories.  And now they’re expected to navigate constrution of this monster building? As reported previously, the official opening of the sales center was delayed several months because they didn’t have the right permits.  […]

When HGTV and the Tribune STILL don’t result in a sale

This converted loft space has been on not one but two HGTV shows (ReZoned and Look What I Did) according to this Craigslist post. Not only that- it was featured in the Chicago Tribune Magazine on July 29th, complete with pictures and a discussion on how the owner converted the old warehouse into a unique […]

When Rentals Destroy Value in a Condo Building: 8 W Monroe

8 W. Monroe had such promise.  Otherwise known as The Metropolis, it was a conversion of a loop office building into loft-ish units with high ceilings and, for some of the units, peek-a-boo views of the lake.  The building is located in the heart of the State Street shopping and theater corridor at State and […]

Developer Offering 7% Discount at 150 W. Superior

More than a year after closings first began at 150 W. Superior in River North, the developer has yet to sell about 25 of the 54 units in the building.  This building is yet another “luxury” mid-rise but has some unique duplex units with 20 foot high floor to ceiling windows. Outside of the developer’s units, there […]