Urban Real Estate

Monday Real Estate Round-Up

Monday Real Estate Round-Up

A new micro apartment development in River North is officially moving forward.

From Developer Cedar Street Cos. the building was designed by Booth Hansen and will bring 149 new apartments to a vacant lot and vintage office building at the southwest corner of LaSalle and Huron. The project will also have 10,000 square feet of retail space to the ground level. The city has officially  granted them their permits to begin foundation work on the new building.

Read more at Curbed Chicago here.

With the Milwaukee Avenue corridor on Chicago's northwest side adding more than 3,000 new units in the last two years, it's no surprise that additional developers are flocking to the hot area.

Two developers are proposing transit-oriented developments (TODs) for the 1800 block of Milwaukee. Developer Michael Cordaro has proposed a 40-unit building at 1868 N. Milwaukee with ground floor retail. It will fill a currently vacant parcel.

LG Development is proposing a 30-unit development with ground floor retail directly across the street, at 1879-85 N. Milwaukee.

Read more on both projects at Curbed Chicago here.

Could a new skyline-altering high-rise be coming to Evanston?

Yesterday developers unveiled a proposal for a 33-story glass and steel building that would replace a a bank drive in. These same developers, Vermillion Development, proposed a 27-story building for this site almost two years ago, but the new proposal would bring 318 new apartments, 179 parking spaces and 6,700 square feet of ground floor retail to the downtown site. 

If built it would become the city's largest building.

Read more at Curbed Chicago here.

When it comes to housing, it seems that each generation wants something different.

Take Millennials: according to a recent study by real estate website Trulia, the generation really wants to own a bigger house. Their survey revealed that even those who had homes over 3200 square feet still wanted more space.

Older generations had the opposition reaction. Only those living in the smallest houses (those under 800 square feet) wanted more space. Starting in the bracket that's living in 800-1400 square feet, the clear majority wanted to downsize.

Read more at look at a nifty chart with a breakdown at Chicago Agent Magazine here.