Not many developers would have the guts to announce plans for a massive luxury condo building in Streeterville when there are a dozen others currently being built within a mile radius, including the Chicago Spire, and when condo sales have taken a nose dive. But Related is nothing if not ambitious. Related (formerly LR Development) has […]
Apparently, Shelbourne, the developer of the Chicago Spire, and the disgruntled next door neighbors, the River View Condominium Association, couldn’t reach an agreement on an underground easement. Off to the courts they go! According to Crain’s, the Condo Association filed suit in Cook County Court asking, not for money damages, but a court order nullifying the […]
Avenue East, at 160 E. Illinois, is one of the smaller new construction buildings to start closings in Streeterville in the past few months. It only has 133 units. So far, though, it’s among the most active in the flipping game. There are currently 32 units for sale. Another 15 units are available to rent […]
With all of the new construction buildings in Streeterville being priced at the nosebleed level, maybe you think you’re priced out of this “hot” neighborhood? But you can still find deals out there. One of them is at 211 E. Ohio, The Grand Ohio. The Grand Ohio was an apartment building that was converted into […]
They’re selling luxury one bedroom Ritz condos on Michigan Avenue for over $1 million. But you can live two blocks south, on the same street, the Magnificient Mile, for 80% less. Located across from the Nordstrom’s Mall at the South end of Michigan Avenue is 535 N. Michigan. You’ve probably walked by it a thousand […]
Problems continue to mount with The Spire. Is anyone really surprised? The developer, Shelbourne Development, has never built anything over 40 stories. And now they’re expected to navigate constrution of this monster building? As reported previously, the official opening of the sales center was delayed several months because they didn’t have the right permits. […]
You’ve probably walked by this restaurant dozens of times in Streeterville and not noticed it (especially now- as construction on 550 N. St. Clair is happening right next door.) It’s right off of Michigan Avenue- next door to the Gap. But now, apparently, you not only can eat at Sayat Nova, you can live above the […]
For those architectural buffs out there, even if you’re not rich, it’s possible to still live in an architecturally significant building in Chicago. Take 880 N. Lake Shore Drive. Even if you haven’t been on an architecture tour yourself, this building (and its sister at 900 N. Lake Shore Drive) are hard to miss. Built […]
It seems that the new price point for luxury larger one bedrooms in Streeterville is now around $600,000. Can this price point be sustained in Chicago? Case in point is a recent new listing at Fairbanks at Cityfront Plaza at 240 E. Illinois which is just starting closings on the tower portion of the building. […]