Another new tower is coming to the South Loop, bringing yet more residential units amid the glass and steel at 1333 S. Wabash.
News today on Curbed Chicago that a new permit has been issued for a 28-story tower by Brininstool + Lynch that will include 307 condominium units and 213 parking spaces. It's estimated cost will be $53 million.
Brought to the neighborhood by CMK it will be their second in a row, after the condo building next door at 1345 S. Wabash.
More at Curbed here and at Chicago Cityscape here.
Rendering via Curbed.
Another mixed-use development is on the way to the Milwaukee Avenue corridor on the Northwest Side, continuing a trend that will see the street transformed over the next few years.
Brought to Logan Square by New York-based Property Managers Group (PMG) the project is classified as a transit-oriented development (because of its proximity to the California Blue Line stop) and will include 120 new residential rentals.
For more, check out a recent article on their "L" art installation on the property and another with project details at Curbed here.
Home prices have continued their climb across the country in 2014, finishing out the year strong with an increase in December of 5 percent over the previous year.
The price increase for the year is 7.4 percent nation wide, lower than the previous year's increase of 11.1 and showing signs that the housing market is moderating, a healthy sign that the market is returning to normal after years of turmoil.
Research firm CoreLogic, who issued the report, is expecting appreciation in 2015 to end the year at a healthy 4.8 percent.
For more, check out the report here and a write-up from Chicago Agent Magazine here.
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