The Olympia Centre, at 161 E. Chicago in Streeterville, is a 63 story high rise that was completed in 1985. It is a full service condo building with washer/dryers in the units, parking and an amenities floor. It is best known as the Neiman Marcus building, because the store anchors it on Michigan Avenue. There are units of varying sizes […]
It’s rare to see skylights in a large condo building, but you can find them in the penthouse units at 330 S. Michigan in the Loop. The building was constructed in 1911 but converted about 8 years ago into condominiums. The building faces the lake and Millennium Park and has parking. One of the penthouses […]
Metropolitan Tower, at 310 S. Michigan, in the Loop is finally closing on units after seemingly years of delays. This is a conversion building that faces Millennium Park. Current building statistics: 13 units for sale 12 units for rent It’s interesting to see the sheer number of rentals. There are two 3 bedroom units and […]
There are some condo units that are listed for a million dollars that you just know aren’t luxury units. And then there are others that when the listing says, “upgraded”- well, it looks it. A unit recently came on the market at The Belvedere, the popular mid-rise building at 270 E. Pearson in the Gold Coast/Streeterville neighborhood, that […]
There’s already been some price reductions on the one bedroom units at Helmut Jahn’s 600 N. Fairbanks in Streeterville. But now price reductions are starting on the larger units as the weeks drag on without many re-sales. I still haven’t seen any of the larger units re-sell in the building. Closings began the first week of November 2007. […]
There are some neat old mansions in Kenwood/Hyde Park that have been saved in recent years. The mansion at 4545 S. Drexel is one of them. Designed by famed architects Burnham & Root, the house was carved up into condominiums in 2002. But some sellers have had difficulty re-selling for any profit. Unit #3A sold […]
The Marquee, at 1454 S. Michigan, began closings in January 2008. It was originally marketed as an affordable highrise. It was NOT luxury. Not surprisingly, there are flips in the building. Current statistics in the building: 21 for sale on the MLS (many are from the developer) At least 3 for rent Some of the low […]
In December 2007, Crain’s ran a story about smaller developers who were facing foreclosure on their developments. The Ashton Lofts at 1610 W. Fullerton in Lincoln Park was included as one of the developments in trouble in the article. From Crain’s: In October, LaSalle Bank N.A. filed a foreclosure suit to collect $5.3 million on an […]
Apparently, we’re not the only ones who noticed that The Sterling is Chicago’s #1 foreclosure high-rise. Can articles on River City, Millennium Centre and The New York, other notorious foreclosure buildings, be far behind? We’ve been chattering for months about the foreclosures in The Sterling, at 345 N. LaSalle in River North. Crain’s has all the dirty […]
I’m always on the hunt for authentic lofts. None of this “soft-loft” new construction stuff. There are four units currently available in a cool building loft building called The Map Factory Lofts, at 5235 N. Ravenswood, in Andersonville. Three are listed on the MLS and one is FSBO on Craigslist. These aren’t the usual 700 square foot one […]