Urban Real Estate

Monday Real Estate Round-Up

Monday Real Estate Round-Up

A New York developer has proposed the tallest tower to be constructed in River North in a decade.

Symmetry Property Developments is planning a 60-story hotel and condo tower that would rise to a total of 725 feet at the northeast corner of Superior Street and Wabash Avenue. It would include 216 hotel rooms, 120 timeshares and 246 condos. The ground floor would have around 30,000 square feet of retail space.

The developers will be presenting their meeting to the comunity and March 13.

Read more at Crain's here

A new 50-unit transit-oriented development is heading to the Chicago Zoning Board for Approval.

LG Development is planning to building the project at 1435-43 N. Wells which will ultimately rise to a height of six stories and include only 15 parking spaces due to its proximity to public transit and will feature ground level retail.

The new building would replace the former Bistro Margot.

Read more at Curbed Chicago here.

A new tower rising in the hot West Loop is climbing fast and heading towards its August opening date.

Once it's reached its final 30-story height and finished inside, the tower, located at 1035 W. Van Buren and now called "Landmark West Loop" will bring 300 luxury apartments to the neighborhood. Developed by Related Midwest and designed by Chicago-firm GREC and New York-based Adjmi Architects. It will have 300 parking spaces and a new retail space on Van Buren.

Read more at Curbed Chicago here.

A new development proposed last year for Uptown has been redesigned and recently won aldermanic approval.

The plan will replace a car wash at 6145 N. Broadway with a new six-story mixed-use building with first floor retail and a total of 105 new apartments, most of which will be one bedrooms and studios. It was originally designed as a 187-unit building that was more than 80 percent studios. 

“After receiving overwhelming support from the community in a vote at last week’s meeting, I am in support of this development moving forward,” Alderman Osterman told the Edgeville Buzz. “I think this will be a solid development that will bring vibrancy to the Granville and Broadway area of our community.”

Read more at Curbed Chicago here.

Chicago saw a dramatic 2016 when it came to the new construction market, seeing more than double the activity of 2015.

According to the latest numbers out from Dodge Data & Analytics, Chicago saw a total of nearly $890 million in new construction investment for the year ending January 2017, an increase of 114 percent. That gain makes Chicago among the most active new construction markets in the country.

Read more at Chicago Agent Magazine here.