Urban Real Estate

Monday Real Estate Round-Up

Monday Real Estate Round-Up

Condos are starting to make a bit of a come back in Chicago. A new project has recently broken cover for the corner of Sedgwick and Superior.

The 34-unit condo building would be designed by Chicago's FitzGerald Associates and rise a total of 12 stories. It would also feature 63 parking spaces.

The developer behind the project is Ascend Real Estate Group.

Read more at Curbed Chicago here.

Condos will soon be filling a pair of vacant parking lots in River North, according to a new plan out from developer Belgravia Group.

The lots are at 356-66 W. Erie and a new 11-story building designed by Chicago-based GREC Architects would have a total of 38 condos when completed. It would also include a fitness center, indoor lounge and outdoor terrace.

Read more about the project at Curbed Chicago here.

Chicago's skyline is an ever-evolving architectural statement, some might even call a masterpiece, and a new tower is set to change it forever.

Known as One Grant Park, the tower, to be built at the corner of Roosevelt and Indiana in the South Loop, has officially begun construction. Designed by Uruguay-born architect Rafael Viñoly for developer Crescent Heights, the tower will ultimately rise more than 800 feet and include nearly 800 residential units on the south end of Grant Park, adding visual balance to the world-renowned space.

Multiple sources have announced the project has received its initial construction funding and will soon begin its climb skyward.

Read more on the project at Curbed Chicago here.

A new report out says that the total value of all residential real estate in Chicago is $772.6 billion, still below the 2006 peak but gaining strength.

The number is 15 percent below the total of the local market's $906.4 billion high. In some markets, housing prices have reached or exceeded their 2006 number, especially on the coasts. Taken as a whole, the country's market is just 1 percent up from 2006 to $29.65 trillion.

Read more on this issue at Crain's here.

A new apartment project has officially received its final permission from the city of Chicago to move forward with construction.

Last weekend the city issued the permits for the tower to rise to its final height of 23 stories at 221 W. Hubbard, filling in a vacant parking lot at the southwest corner of Wells and Hubbard. It's designed by architecture firm Hirsch Associates and developed by Centrum Partners. 

Read more at Curbed Chicago here.