I’ve covered most of the buildings in Lakeshore East that have been completed except for The Chandler, at 450 E. Waterside Drive. The Chandler started closings in July 2007 and closings are continuing. I would estimate it is about 2/3rds closed. It is a 35 story building with 304 units. The building was marketed as “luxury.” Current stats on […]
It seems like The Odyssey Lofts at 775 W. Jackson in Greektown have taken forever to be built. They were originally marketed years ago. Anyone have any idea why it took them years to convert and then construct on top of that building? It is only 60 units. It’s a nice residential addition to Greektown. […]
I last chattered about 1620 S. Michigan in the South Loop in September 2007. Developed by CMK, the building has 249 units. Closings began in Summer 2006. At the time, I discussed three units where the flippers were in a world of pain. They were: Unit #406: 2 bedroom/2 bath, 1148 square feet Sold for $331,000 […]
In November 2007, I chattered about desperate sellers at 630 N. Franklin in River North. Four months later, some are still in “distress.” 630 N. Franklin is a CMK developed 165 unit mid-rise in River North. It closed in 2005. Unit #810 was in the short-sale process when I last chattered about the building. This time, it’s Unit #1105. […]
A few sellers have been under stress at 4800 S. Chicago Beach, the Newport Condominiums, in Hyde Park. The building features a north and south tower and was built in 1960 along Lake Shore Drive so there are stunning lake and city views from many of the units, especially in the North Tower. It is a full-service […]
Closings are beginning at 550 St. Clair in Streeterville. These are the first pictures I have seen of the interiors of the units. These are from the developer. And yes, the kitchen is still missing some appliances. They are of an 800 square foot one bedroom, one bath that is listed for $423,000. The unit faces west towards the Mag […]
I last chattered about the flippers at 451 W. Huron in River North in December 2007. 451 W. Huron is a 135 unit new construction building that was 95% sold when closings began in the fall of 2007. Current statistics: 19 for sale 9 for rent The units that I chattered about two months ago, are all still […]
I hope some of you saw the full-page ad in the Sunday Chicago Tribune for Museum Park at Central Station. It had a headline which stated: “An Unmatched Record of Value and Appreciation in Chicago’s Most Successful Lakefront Neighborhood” The ad then listed 7 buildings and various units from the buildings to show buyers how […]
This news warrants a weekend posting. Thanks to Mike for pointing out that the 2/2 we’ve chattered about before in The Sterling, at 345 N. LaSalle in River North, has dropped in price again. Just a recap: Unit #206: 2 bedroom, 2 bath, around 1200 square feet Sold in September 2004 for $445,000 Sold in September […]
There are certain price points that appear to be struggling more than others in this market. One of them are condos over $400,000. This penthouse unit at 3815 N. Damen in North Center is indicative of what a lot of sellers will discover this spring: if they bought in the last two or three years they […]