Urban Real Estate

Monday Real Estate Round-Up

Monday Real Estate Round-Up

Could Ravenswood soon be seeing a new transit-oriented development (TOD)?

Developer/architect Wilkinson Design is looking to redevelope an empty lot in the North Side neighborhood for a four-story mixed-use building that would include 2,300 square feet of retail space and nine apartments at 4540-42 N. Ravenswood. 

If approved, it would feature the unconventional material of corrugated metal siding and would need an up-zoning to proceed.

Read more at Curbed Chicago here.

Trump International Hotel and Tower has been highly-sought after in the downtown Chicago marketplace among buyers shopping for the ever-luxurious high-end condo experience.  But just how does the recent election impact visitors, buyers, and sellers alike? Managing partner Matt Farrell lends his residential expertise to the Chicago Tribune

A new apartment building coming to Bucktown is taking shape beside the popular 606 trail and some new renderings are offering the curious a sneak peak at what the final project will look like.

Dubbed Centrum 606, the building is located at 1767 N. Milwaukee and will ultimately feature 100 apartments and an 18,000 square foot Aldi grocery store. 

Read more and see additional renderings at Curbed Chicago here.

A new project, the "East Village Lofts", will soon be coming to Ashland just south of the Division Blue Line stop.

What makes this project unique is that it reuses the facade of the 1920s-era Art Deco church. Located at 1056 N. Ashland, when completed it will feature 34 apartments, a mix of studio, one and two bedrooms. 

Read more at Curbed Chicago here.

The election of Donald Trump as president of the United States surprised a lot of people - what's still up in the air is what his presidency will mean for many sectors of the economy, including real estate.

Late in the campaign, Trump proposed increasing the standard deducation for couples filing together to $30,000 up from $12,600 and for single filers up to $15,000 from $6,300.

While that is definitely good news for tax payers and may cut down on itemizing of deductions, it could have the consequence of limiting how many people choose to deduct mortgage interest. What impact could that have on home ownership and the incentive to buy instead of rent? That's yet to be determined.

Read more at the Chicago Tribune here.