The proposed tower at 451 E. Grand Avenue couldclock in at 67 stories and 843 feet over-looking (sort of) Lake Shore Drive.
The tower, by New York's Robert A. Stern & Associates for Related Midwest will feature a mix of apartments and condos with amenities like green roofs, is proposed for the Streeterville site by Related Midwest, their first tower of this size in the city.
Read more here.
Drawing courtesy Robert Stern & Assoc.
The Noble Horse Theater, a nearly ancient vestige of Chicago's livery past, is closing and will likely make way for a housing use of some kind, according to published reports.
The Livery Stable, at 1400 N. Orleans, dates back to 1871 and while it's still housing horse-drawn carriages, the horses themselves have departed for a downstate operation.
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Besides being a great residential neighborhood, Chicago's River North has transitioned into one of the hottest office markets in the country, thanks to the city's booming tech scene.
The neighborhood's approximately 11 million square feet of office space has a vacancy rate just north of 10 percent, much better than the downtown average of 14 percent.
Those offices and workers support the booming restaurant and nightlife scene in an area that was once dotted by dilapidated buildings, many now replaced by condos, apartments and boutique hotels.
Read the report from Bloomberg here.
The Tribune's Real Estate Legal Columnist Benny Kass has some great advice for some hopeful buyers - be wary about foreclosures.
Kass notes that foreclosures are complicated legal situations that can involve past liens for water, real estate taxes and more. They're fraught with difficulty, which is why an agent and legal counsel, are so important.
To read the full story, click here.