Archive for the 'Gold Coast' Category

1 Bedroom Selling Below Purchase Price in The Palmolive

When you think of The Palmolive at 159 E. Walton in the Gold Coast, you think of exclusivity.  There is something neat about that building.  It is not flashy or “new” but has an understated elegance. The building sold pretty quickly in original sales but since then it has actually struggled- at least in some […]

A Luxury Townhouse in the “Old” Gold Coast

Recently, I highlighted a townhouse in the South Loop in what many consider to be the “new” Gold Coast. I thought I’d see what you can get for your money in the “old” Gold Coast on the North Side.  As it turns out, quite a bit. Sutton Place is an interesting townhouse gated community in […]

Luxury of the 1980s: 1418 N. Lake Shore Drive

Having just talked about 50 East Chestnut and how that building was reminiscent of the large luxury apartments constructed in the 1920s, there was actually another building that led the way in full-floor condo construction. Built in 1984, 1418 N. Lake Shore Drive was the first condo building to be built since the 1920s with full-floor residences […]

Let’s Talk Luxury: 50 East Chestnut Starts Closings

There are a lot of luxury units on the market and more will be coming onto the market next year.  But quietly, 50 E. Chestnut, the 34 unit boutique luxury building in the Rush Street Corridor at Chestnut and Rush has started closing on units. I’m able to locate only two closings so far, but […]

Walton on the Park’s First Tower is only 43% sold

Crain’s is reporting that Walton on the Park, the two tower high rise project near the Scottish Cathedral in the Gold Coast (is that really the gold coast there or River North?) just received its first construction loans so building will commence on the project’s South Tower. Enterprise Cos. and Mesirow Financial Real Estate, both of […]

There’s something about The Belvedere

There is something about The Belvedere at 270 E. Pearson.  Built in 2003, this non-descript mid-rise at the end of quiet East Pearson near Lake Shore Drive has been popular from the beginning.  I’ve heard through the grapevine that it is especially popular with European buyers (and has been for several years.) There are only 4 […]

The Bristol Struggles To Hold Prices Amidst Luxury Glut

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.  […]

Cool Crib: Modern Mansion Hidden Inside Gold Coast Greystone

  Because I’m tired of all the negative housing news this week, I thought I’d chatter on a unique single family home that is for sale.  I don’t know how much it cost the owner to buy, nor do I know what they spent on renovations. I just think this is a cool house.  Who would have thought […]

24% Price Reduction on Vintage Lake Shore Drive Condo

Built in 1925, the 47 unit Benjamin Marshall building at 1200 N. Lake Shore Drive in the Gold Coast exudes old money.  It is actually a condominium building, not a co-op, which is unusual for a building of that period.  It went condo in 1972. A two bedroom, three bath unit on the 4th floor recently […]

The Most Expensive One Bedroom Condo on the Market in Chicago

You’d think for a million bucks you’d at least get two bedrooms.  But that is not the case in the prestigious Park Tower at 800 N. Michigan in the middle of the Magnificient Mile.  Since it was built in 2000, above the Park Hyatt and NoMI restaurant,  Park Tower has been the address for some […]