The Sun-Times is reporting that the developer of The Ritz-Carlton Residences at 664 N. Michigan is going to start construction in February. The building has been only 40% sold for months now. Maybe they see something in the market going forward that the rest of us don’t see. From the David Roeder’s column in the Sun-Times: Despite the […]
A million dollars used to mean something in the Chicago condo market. It might not be huge, but at least that price point meant luxury finishes and amenities. Not anymore- if you believe the asking prices on these condos in the South Loop. Prairie Pointe at 1600 S. Prairie in the Central Station neighborhood of the South […]
Forget about Astor Street. East Lake Shore Drive? Ho-hum. The hottest street to live on in Chicago right now is North Wells in Old Town. Property values continue to rise there, with some buildings rivaling the prices paid to live in top neighborhoods like Streeterville and the Gold Coast. And it doesn’t seem like the values […]
By now, I’m sure many of you have seen yesterday’s Chicago Tribune article talking about the opening of The Spire’s sales center. The Spire was also featured on some of the local tv stations. There were some interesting stats in the article, though, which I thought I’d post here. It seems that interest in The Spire is pretty […]
Built 11 years after its sister building to the north, 1000 N. Lake Shore Plaza (not to be confused with 1000 N. Lake Shore Drive) was designed by the same architect and has the same great lake views and gold coast location. According to Emporis, 1000 N. Lake Shore Plaza, at 55 stories, was actually […]
In case you haven’t noticed, short sale listings have grown in popularity in recent weeks. In fact, there isn’t a day that goes by where I don’t see at least one short sale listing. In some buildings, prices are dropping so fast that some sellers – and their mortgage holders – don’t have any choice (or […]
With all the new construction going up around the city, sometimes older buildings get overlooked. The gorgeous vintage buildings of the 1920s have held their own. But anything built between, say, 1932 and 1970 is usually much maligned. But location still matters and 1000 N. Lake Shore Drive has it in spades. Located at the end […]
The South Loop, as most of you know, has been on a building boom for over 10 years. It has been named the #1 fastest growing neighborhood in the United States. At least a dozen new high rises are currently under construction in the neighborhood, as well as townhomes and lofts. But apparently the nationwide […]
There are rarely new buildings built in Lakeview so when there is, you can bet that it sells quickly. Such was the case with Park View East at 828 W. Grace, a 17 story high rise only a few blocks from Wrigley Field. Closings started in 2007 and there are several flips in the building. Currently there […]