Crib Chatter

Should you rent or should you buy in this market? The Regatta at 420 E. Waterside Drive in LakeShore East is one of the new highrises in the “new east side”.  It started closings in early 2006 so it has already been dealing with flippers and a rash of renters. Building statistics out of 321 […]

Finally there is some re-sale data at 340 on the Park at 340 E. Randolph overlooking Millennium Park. The building started closings in July but the building is huge so closings are continuing. The current state of the building (out of 344 units): 29 units for sale At least 25 units for rent (maybe more, as it’s hard […]

There has been an interesting discussion in the comments about one of my 340 on the Park posts about the fantastic views at that building.  And they are spectacular, with views of the harbor, the Lake, Millennium and Grant Park and the downtown skyline, including the Sears Tower. Only, you could have found out they […]

  As I discussed in a prior post on 340 on the Park, which is in the midst of closings on the units, many are being listed for re-sale or for rent. A tipster was kind enough to send me some data (at least the data that is currently being reported on the MLS) about […]

I don’t know how many units have actually now closed at 340 on the Park.  But it seems to be not even half of the building.  There are 67 floors and units on the 40th floors are scheduled to close in December.  Units on the 28th floor are currently on the MLS however. So with maybe 30 floors […]

  It shouldn’t come as a surprise that foreclosures are starting to pop up in the newly developed Lakeshore East condo buildings given the number of investors in those buildings and the ease of loans in the past few years. This week a foreclosure has popped up at the Lancaster at 201 N.  Westshore Drive. Unit […]

  340 on the Park, the massive 58 story tower along Millennium Park at 340 E. Randolph continues with its closings as flippers continue to try and re-sell units (or, in some cases, rent them out.) I’m counting 17 units on the market as re-sales with the one bedrooms starting at over $600,000 (which includes the parking space.)  Some of […]

  Closings began a few weeks ago on 340 on the Park, one of the world’s tallest residential buildings.  Flips have already begun. Two of note: Unit 307, a 1 bedroom, 1.5 bath approximately 1,100 square feet. Original sale price of $415,000 New list price: $625,000 plus $50,000 for parking I don’t know if the […]