River North will likely soon be seeing the construction of yet another condo high-rise following last week's Chicago Plan Commission meeting.
The building, from developer Smithfield Properties, will be located at 800-820 N. Wells and will feature 55 units in a total of 23 stories. Antunovich Associates is the architect on the project.
For more renderings on the project, head over to Curbed Chicago here.
Rendering via Curbed.
A new 35-story luxury apartment tower in the Gold Coast has officially broken ground.
The tower, by developer Fifield Companies, and known as "The Sinclair" was previously known by the informal moniker "Tower of Jewel" because of the supermarket that currently occupies the site at 1210 N. Clark St.
The project is estimated to cost $200 million and will include 390 residential units anchored by a new 55,000 square foot Jewel right on top of the Clark/Division Red Line stop.
For more, head over to Curbed Chicago here.
The Fed announced last week that it was raising a key interest rate for the first time in nearly a decade.
Short-term interest rates have been held by the Fed at near-zero since the financial crisis and while the interest rate increase may, at first, seem like bad news for borrowers, it shouldn't have a big effect on the housing market, as long-term interest rates will continue to remain at historic lows for quite some time.
Besides the news for borrowers, the Fed's move also signals confidence in the American economy.
Read more at the New York Times here.
As the end of the year approaches it's the right time to find ways to lower your tax bill. Here are some of the most popular tips from advisors and the Internal Revenue Service.
1. Defer income: if you're owed money in 2015 and you expect to make less the following year, see if you can delay that payment a couple of weeks and not owe the tax until 2017.
2. Make charitable contributions: If you're considering donating to charity, do it soon and use it as a deduction on 2015 taxes.
3. Pay yourself first: contributions to retirement accounts are another way to defer your taxes on income and also good financial planning.
And make sure you check your address with the IRS. Each year tens of thousands of refunds are returned to the government as undeliverable. You don't want to miss yours!