We’ve been chattering about how the condo/hotel units at Trump Tower and the now canceled Canyon Ranch, may have been a flash in the pan in the housing boom. But are they? David Roeder, the Sun-Times real estate columnist, talks about a new condo/hotel building that is slated for Chinatown: Wong has received zoning approval for another notable […]
The Pearson, at 250 E. Pearson in Streeterville, closed in 2003 and has been a very popular building for re-sales. It has held its value well. That part of Pearson is quiet, with the south facing units overlooking the park, the lake and Northwestern University Law School. Yet you are two blocks east of the Mag […]
The Sun-Times is reporting that Rokas International, Inc.’s president, Andrius Augunas, has left Chicago and may be in his native Lithuania. Rokas was the developer at 2300 S. Michigan in Motor Row in the South Loop that has stopped construction and faces numerous contractor liens. “He’s a very nice guy and doesn’t come off as […]
The mid-tier bracket around $400,000 seems to be very a very hard sell right now. And every month there is new inventory coming on-line. With all the new high-rises closing in the South Loop, there will be a glut of the small two/twos there. There’s currently a short sale and a foreclosure in 1600 S. […]
Crain’s reported yesterday that Related, co-developer of 340 On the Park, is canceling Canyon Ranch in River North but is mum on what will happen with its other proposed new building, The Peshtigo. There are several buildings that are now either canceled, on the verge of being canceled, or the developer is in financial difficulty. Condo […]
I ran across this new listing for a unit at 1366 N. Dearborn, a vintage mid-rise built in 1926 in the Gold Coast that appears to have the key ingredients needed for vintage success: washer/dryer in the unit and parking available. The listing indicates that buyers should book their appointments next week or else they’ll miss […]
The Feb 28 issue of the Chicago Journal had statistics about the Chicago luxury housing market in Don Debat’s column called “Market is still alive.” From the Chicago Journal: “Although the news media would have you believe the sky is falling, an examination of two segments of the upper end of the housing market-properties listed for […]
I last chattered about The Montgomery at 500 W. Superior in River North in October 2007. At the time, there were several 2 bedroom units on the market for under $500,000. One out of the three I last chattered about has sold. I can’t find sales prices for the other two so they might have been withdrawn. […]