Chicago Starchitect Jeanne Gang's Studio Gang has revived plans for a new project in Hyde Park.
The project, proposed for a parking lot at 5540 S. Cornell Ave. and known as Solstice on the Park, would feautre 250 rental units or, possibly, 200 apartments and a 160-room hotel.
For more on the project, head over to Curbed Chicago here.
Real estate markets across the country continued to see cash sales decline as a percentage of the total market, a sign of a continuing return to health.
Nationally, CoreLogic reported that cash sales fell 2.6 percent as a share of the market as of the third quarter of 2015 but nationally they still averaged 36.4 percent, up from the pre-crash average of about 25 percent.
The good news though is in Chicago, where cash sales made up 29.3 percent of total sales in the city after dropping 4 points from the same time the year before, putting Chicago closer to full health than the nation as a whole.
For more, head over to Chicago Agent Magazine here.
An exciting transformation could be coming to a largely vacant public housing development in the area of Lakeview/Roscoe Village.
A team of developers from Related Midwest unveiled a proposal yesterday that would bring 1,116 residential units in a new mixed-income community ideally located along the Chicago River.
The redevelopment of the Lathrop Homes would bring new retail, new river access including a boathouse and many new people to a historic landscape designed by the famed Jens Jensen.
For more on the public unveiling, head over to Curbed Chicago here.
The latest numbers are in and the top selling neighborhoods for 2015 in Chicago are in predictably condo-heavy neighborhoods.
Number one: the Near North Side with a total of 2,780 sales. It's followed in second place by West Town with 1,755 sales and Lincoln Park with 1,497.
Changing it up and looking at single family home sales brings some dramatic differences.
In that case, number one is Ashburn with 446 sales, Norwood Park with 411 and Dunning with 405.
Read more at Chicago Agent Magazine here.