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 […]
Interested in Streeterville condos? Becky Thomson, who runs the New Construction Trolley Tours, is heading to Streeterville this weekend. Date: June 29 Time: 1 pm Cost: FREE Meet: 600 North Lake Shore Drive You must reserve a spot: call 847-337-7427 or sign up at: Streetervilletour.com From the website: I will take you to some […]
It’s back! Last September, I chattered about 540 N. Lake Shore Drive, the loft building in Streeterville. Unit #221, a one bedroom, one bath, was on the market for $350,000. It disappeared from the market without selling. But it’s back and it’s now priced higher than last fall. It’s actually been on and off the […]
The Chicago Spire is apparently 30% sold, according to a press release by the developer. They’ve been criss-crossing the globe marketing the building for the last four months. Apparently, you need to put down a 15% deposit in order to purchase. From the Chicago Tribune: Spire spokeswoman Kim Metcalfe said the sales were achieved in […]
What market downturn? Crain’s is reporting that a North Shore developer has a tentative agreement to purchase land in Centrum’s Cityfront Plaza development for a possible 50-story hotel/condo high rise. From Crain’s: David Hovey, president of Glencoe-based Optima Inc., has a tentative deal to buy a site just north of NBC Tower, 455 N. Cityfront […]
We’ve chattered a lot about Unit #1301 in 600 N. Fairbanks. It is the lowest level three bedroom, two bath. It has finally gone under contract after six months on the market and numerous price reductions. Here is the history: Unit #1301: 3 bedrooms, 2.5 baths, 1746 square feet Sold in November 2007 for $805,000 […]
Many people like the modern style of Helmut Jahn’s 600 N. Fairbanks. But before that building came the Mies Van Der Rohe buildings on North Lake Shore Drive. 860 N. Lake Shore Drive is one of the co-op buildings. Built in 1951, there are no washer/dryers and no central air. But who needs those things? It’s […]
Thanks to some of you astute readers who are clearly watching 600 N. Fairbanks in Streeterville very closely. Several of you noticed that our often chattered about three bedroom, Unit #1301, has had another price reduction. Here is the history: Unit #1301: 3 bedrooms, 2.5 baths, 1746 square feet Sold in November 2007 for […]
535 N. Michigan in Streeterville is an older highrise that has suddenly become “hot” because it’s: On the Mag Mile Affordable Unit #706 had been on the market for several months. I last chattered about it in March 2008. It has now sold after several price reductions. The listing said it had $60,000 worth […]
It seems the 01 tier, which is a three bedroom, two bath southeast facing unit, isn’t re-selling as quickly as sellers had hoped in 600 N. Fairbanks in Streeterville. Currently, there are eight of the 01 tier units on the market. Two have now had substantial price reductions: #1301 and now #1901. #3201: $1,199,900 #2901: $1,199,000 […]