I’ve been waiting for developers to finally throw in the towel and just start cutting prices in order to move product. It’s finally happening now at 550 N. St. Clair in Streeterville. A tipster has informed me that the developer, Sutherland Pearsall Development, is holding a “private developer closeout” on the remaining available units. They are […]
Crain’s first reported on Oct 17 that architect Santiago Calatrava filed a lien against Shelbourne Development, the developer of The Spire, on Oct 8 for $11.3 million. The Tribune also reports that architectural design firm Perkins+Will Inc. filed a lien for about $4.85 million. From the Tribune: A spokeswoman for Irish developer Garrett Kelleher said the […]
Flippers continue to close on units thinking they can make a profit flipping them. Some have been lucky- especially in “prestige” buildings such as 340 On the Park. This seller of a 3-bedroom in 600 N. Fairbanks isn’t one of the lucky ones. We’ve seen some 1 and 2-bedroom units flip successfully in the building. […]
Two units in 530 N. Lake Shore Drive, Unit #1305 and #2201, in Streeterville, recently had lis pendens filed against them. Unit #1305 is a 3-bedroom unit that is currently on the market. Here’s the listing: PREMIER TEAR AT 530 N LAKE SHORE DR! MAGNIFICENT UNIT WITH 2452 SQ FT TAKING THE ENTIRE FRONT WING OF […]
There’s been some chatter of the “amenities floor” at Helmut Jahn’s 600 N. Fairbanks in Streeterville because it finally opened (despite closings on units beginning last November.) The amenities floor is on the top floor and has an expansive deck, an exercise room and an indoor pool. As someone pointed out, the exercise room is extremely small. A tipster […]
There’s something cool about a high floor duplex that looks out over the city- especially if you have views of the John Hancock Building. It is stunning at night. This duplex on the 58th floor of the Olympia Centre at 161 E. Chicago just says “cool.” Here’s the listing: DRAMATIC MODERN PENTHOUSE W/ LAKE […]
With the recent hot weather, who doesn’t dream of lounging by the pool? In Streeterville, there are several buildings (both apartments and condos) that have rooftop pools. 230 E. Ontario is one that has a outdoor pool and, from the pictures, a very nice workout room. The building was built in 1969. The 1-bedroom units […]
Who knew you could have a private, walled terrace of your own in the middle of Streeterville? You can in The Grand Ohio, at 211 E. Ohio. Built in 1984, the building was originally apartments but was converted into condominiums in 2000. The building is massive, with 595 units. Washer/dryers are not allowed in units except […]
We have chattered extensively about Unit #1301 in 600 N. Fairbanks in Streeterville. The 3-bedroom unit was on the market for months, had numerous price reductions, went under contract and finally sold. It has set a new comp for the 01-tier units in the building. Or has it? Mysteriously, it is back on the market […]
Who said that speculation is dead in the Chicago real estate market? According to Crain’s, the Chicago Spire in Streeterville is offering a special “investor package” that guarantees to rent out your unit at a 7.5% rate of return for two years. Sound familiar to some, um, other buildings we’ve chattered about? From Crain’s: About 400 of […]