It takes some guts to talk about building yet another new condo tower in downtown Chicago in this market. According to Crain’s, some developers think the market will rebound quickly. The new tower would be done by Belgravia Group (same developer at 600 N. Lake Shore Drive) and would be 50 condos in a 15 […]
Upscale developer and renovator Melrose Partners, which also recently converted 334 W. Menomonee in Old Town, has taken a different direction on its other conversion at 1919 N. Sheffield in Lincoln Park. With the market slowing on pricey luxury condos, Melrose has recently cut the price on some of the units at 1919 N. Sheffield and has also apparently […]
Did you think that flipping was just confined to new construction condos that were in the downtown neighborhoods? Nope. Catalpa Gardens is a new mid-rise development at 1122 W. Catalpa in Edgewater. It is distinctive in the neighborhood for its blue and yellow facade. It will have three towers and 126 units. The first closings started in September […]
With the Vetro, Burnham Pointe, Printers Corner and Library Tower all slated to be closing within the next year (or, in the case of the Vetro and Printers Corner, closing right now), I thought we should look at the last “new” tower to be built in the South Loop/Printers Row neighborhood. Wells Street Tower at 701 S. […]
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. […]
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 […]
The Vetro, at 611 S. Wells, in the South Loop near Printers Row, has started closings. The 233 unit building is only 50% sold. Last week, the developer began advertising “free parking” to new buyers. The free parking is a huge price reduction on the units. For instance, the developer currently has a $250,000 1 bedroom, 1 […]
The Columbian, at 1160 S. Michigan, which started closings several months ago, has seen dozens of attempted flips. I’ve talked about a few in prior posts. “Attempted” is the key word here because from what I can tell, nothing has re-sold in the building. I don’t think they’ve finished closings in the building so more […]