Urban Real Estate

Monday Real Estate Round-Up

Monday Real Estate Round-Up

A Hyde Park high rise in the works for nearly a decade is officially cleared to reach a height of 26 stories.

Designed by Chicago Architect Jeanne Gang, Solstice on the Park has been under construction for its foundation and the first four floors of the rental tower at 1616 E. 56th St. The total cost of the project is ultimately expected to cost more than $85 million.

The developers behind the project, which will ultimately contain 250 units, are Antheus Capital and MAC Properties. It's expected to open the spring of 2018

Read more at Curbed Chicago here

New high-end row houses will soon be coming to an empty lot at the corner of Clark and Chestnut in the Gold Coast, moving forward after a year's apparent delay.

A building permit has just been issued for seven historically-inspired stone row houses from Col. Jennifer Pritzker's Tawani Enterprises. They're designed by Chicago firm Booth Hansen and will likely be marketed as rentals.

Read more at Curbed Chicago here.

A construction boom that Chicago has been riding for the last several years will reach a new milestone this year: more than 6,000 new apartments are expected to be brought to market in 33 new buildings.

That number would be equal to the total number of new apartments constructed in the last two years combined and are probably attributable to hot areas like the West Loop, the Milwaukee Avenue corridor and, of course, the Loop and South Loop.

Read more at Curbed Chicago here.

The large and ambitious Riverline project, planned for a large parcel on the Chicago River's south branch, is starting to take shape.  The largest buildings of its first phase received construction permits today.

The "Ancora" will eventually rise 28 stories and include 452 new apartments, an amenity deck and 230-car garage.

The first phase of the project will also include a second tower, the 18-story "Current", nine townhouses, and 3.5 acres of new green space and riverwalk.

Read more at Curbed Chicago here.