Corcoran Urban Real Estate

Monday Real Estate Round-Up

Monday Real Estate Round-Up

The West Loop could soon be getting another tower, this time a condo tower.

A venture which is being lead by JDL Development has proposed a 94-unit building for the southeast corner of Jefferson and Fulton streets and plans to present the tower at a community meeting next week.

Read more at Crain's Chicago here.

After years of discussion and a variety of plans, the demolition permits have been issued for the former site of the Children's Memorial Hosptial in Lincoln Park.

The plan for the full site, which will save a section of the historic buildings (including the white terra cotta buildings at Lincoln/Fullerton/Halsted) includes a nine-story building at 2323 N. Lincoln Ave.  It will ultimately include 540 rental apartments, 60 condos, over 1,000 parking spaces, 160,000 square feet of retail space and 156 rooms of senior housing.

In short, the development has the potential to change Lincoln Park and will certainly transform its immediate vicinity.

Read more at Curbed Chicago here.

Though the Chicago Spire has been defunct for years and its site is now owned by Related Media, new renderings have recently been released from architectural powerhouse Gensler that shows a ground-breaking development for the site.

Though no plans have been officially announced and the design was part of a competition within the firm, the renderings do show the phenomenal potential of the river and lake front site.

Read more at Curbed Chicago here.

The highly-anticipated Vista Tower, a supertall skyscraper designed by Jeanne Gang for a prominent site in the New Eastside, has sold more than $200 million in condos since it launched its sales effort, according to a report in a Hong Kong-based publication.

The report says that the $200 million in sales has come in since March of this year. The tower will ultimately run about $1 billion and contain 406 residences and 191 hotel rooms. It will be developed jointly by Magellan and China's Dalian Wanda Group.

The report also noted that the almost 1,200-foot building is attracting buyers from Chicago, as well as Hong Kong, Singapore, and the Middle East.

Read more at Curbed Chicago here.