Vision on State, a new mid-rise building at 1255 S. State designed by Pappageorge/Haymes in the South Loop, started closings over the summer but has recently picked up steam. The building was marketed as “affordable luxury” near the El stop at Roosevelt Road. The floorplans they offered were tailor made for flippers. There were numerous floor plans: […]
It takes some guts to talk about building yet another new condo tower in downtown Chicago in this market. According to Crain’s, some developers think the market will rebound quickly. The new tower would be done by Belgravia Group (same developer at 600 N. Lake Shore Drive) and would be 50 condos in a 15 […]
Upscale developer and renovator Melrose Partners, which also recently converted 334 W. Menomonee in Old Town, has taken a different direction on its other conversion at 1919 N. Sheffield in Lincoln Park. With the market slowing on pricey luxury condos, Melrose has recently cut the price on some of the units at 1919 N. Sheffield and has also apparently […]
The old loft conversions have interesting layouts. Take 110 N. Peoria for instance. This building was converted in 1993. It’s in a “prime” area of the West Loop, near the Randolph Street restaurants and Oprah. There are some really large one bedrooms in the building, including this one that has an old elevator shaft in the […]
Did you think that flipping was just confined to new construction condos that were in the downtown neighborhoods? Nope. Catalpa Gardens is a new mid-rise development at 1122 W. Catalpa in Edgewater. It is distinctive in the neighborhood for its blue and yellow facade. It will have three towers and 126 units. The first closings started in September […]
With the Vetro, Burnham Pointe, Printers Corner and Library Tower all slated to be closing within the next year (or, in the case of the Vetro and Printers Corner, closing right now), I thought we should look at the last “new” tower to be built in the South Loop/Printers Row neighborhood. Wells Street Tower at 701 S. […]
Everyone wants new, new, new. Even a building that is only two years old, is apparently too “old” for some buyers (as tastes in kitchen and baths can change that quickly.) But what about a building that is 8 years old? The Bristol at 57 E. Delaware was the epitome of luxury when it opened in 2000. […]
We’ve recently been discussing all of the foreign buyers who are (or might want to be) scooping down to buy up Chicago downtown condos. It would make sense, right? For the European investor, our condos are 50% off. For the British investor, it’s an even better deal. Perhaps, these buyers will help prop up the Chicago condo […]
American Invsco is converting the former apartment building at 200 N. Dearborn in the Loop into condominiums. According to Crain’s: The one pending acquisition by a condo converter, American Invsco Corp.’s plan to buy the 46-story tower at 200 N. Dearborn St., could move into early January. That’s because of slow condo sales and […]