Archive for the 'Loop' Category

There are Skylights Everywhere: 330 S. Michigan

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 […]

Do You Have Vision? Fulton House is for You

Fulton House at 345 N. Canal is one of those rare buildings that no one seems to know much about yet it has a prominent location right on the river next to River Bend. Built in 1903 as a cold storage warehouse,  it was converted into apartments in 1979-81.  It was converted into condominiums in the 1990s.  […]

A Return to Yesteryear Prices in 212 W. Washington

There are a few signs of distress among owners in 212 W. Washington in the Loop.  Many downtown condo buildings are seeing some issues with foreclosures and slow sales, however, so this building is not unique.  But the current prices are telling part of the story. There will be a foreclosure auction on a 1 […]

Is this Metropolis condo a “steal” at $225,000?

Pat posted a comment about this 1 bedroom condo at The Metropolis at 8 W. Monroe in the Loop.  I’ve talked about this building before.  It is a conversion building that closed in 2006.  There were and are huge numbers of flippers/investors in the building.  It seems that a large percentage of the building is […]

200 N. Dearborn Conversion Only 50% Sold

  American Invsco is converting the former apartment building at 200 N. Dearborn in the Loop into condominiums.  According to Crain’s: The one pending acquisition by a condo converter, American Invsco Corp.’s plan to buy the 46-story tower at 200 N. Dearborn St., could move into early January. That’s because of slow condo sales and […]

Foreclosures Hit the Heritage at 130 N. Garland

Foreclosures are now hitting the heart of downtown.  A foreclosure auction is scheduled on a one bedroom unit today at The Heritage, at 130 N. Garland Court near Millennium Park in the Loop. The Heritage is the building that started the Millennium Park craze and revitalized the loop as a residential destination for “luxury” buildings.  It’s a large building with 356 […]

15% Price Reduction on Loop Duplex Penthouse

6 E Monroe, the Mentor Building, in the Loop was an office to residential conversion that sold in 2002.  There are only 36 units in the building.  Many of the units are smaller one bedroom units that originally sold for around $130,000 to $150,000.  There are washer/dryers in the units but no parking. The South facing […]

When Rentals Destroy Value in a Condo Building: 8 W Monroe

8 W. Monroe had such promise.  Otherwise known as The Metropolis, it was a conversion of a loop office building into loft-ish units with high ceilings and, for some of the units, peek-a-boo views of the lake.  The building is located in the heart of the State Street shopping and theater corridor at State and […]

CMK’s 235 Van Buren Selling Like Hotcakes

  CMK opened up the sales center for its latest building at 235 W Van Buren, in the shadow of the Sears Tower in the Loop, only a mere two or three months ago and already the building is under construction and about 60% sold. How’d they do that? CMK marketed it very wisely.  The […]

Best New Condo Conversion in Downtown Chicago: Six North Michigan

  I went to Six North Michigan expecting to see the same ole product that is in many of these office building conversions (such as Metropolitan Tower, 888 S. Michigan etc.).  I especially expected it with this conversion, given its iffy history.  The building was originally marketed back in 2004 and anyone who went to […]