Urban Real Estate

Industry News

  • Chicago's Top-Selling Neighborhoods - February 2017

    Chicago's Top-Selling Neighborhoods - February 2017
    Industry News
    Monday, March 20, 2017
    The latest numbers are in and the top selling neighborhood in Chicago for the month of February was the Near North Side, which saw a total of 165 sales and a median price of $425,000. It was followed by Lincoln Park with 96 sales and a median price of $537,000 and West Town with 78 sales and a median price of $447,000. For single family homes, Ashburn was first with 31 sales, followed by Ausin with 28 sales and Dunning with 22 sales...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, March 20, 2017
    Rising home equity is putting more homeowners into a good position for refinance or pursue additional purchases. According to a new report from the Federal Reserve, household equity rose 10.9 in 2016, or $1.317 trillion to a total of $13.349 trillion. The current level exceeds to the previous peak level of equity ($13.27 trillion) set in 2005. Following the real estate crash, equity fell by 54 percent to $6.16 trillion in 2010 before the current recovery...
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  • Look Inside the West Loop's Landmark

    Look Inside the West Loop's Landmark
    Industry News, West Loop
    Wednesday, March 15, 2017
    Related Midwest has unveiled a new set of renderings showing the amenity spaces at the up-coming tower that will be a "landmark" addition to the West Loop. Known as "Landmark West Loop," the building is expected to be completed by August and will ultimately host 300 units and 12,000 square feet of amenity space in a 30-story building at 1035 W. Van Buren. It will include a game room, fitness center, yoga studio, demo kitchen, lounge, shared work space and library...
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  • Proposed River North Skyscraper Unveiled

    Proposed River North Skyscraper Unveiled
    Industry News
    Tuesday, March 14, 2017
    A 60-story skyscraper, the highest proposed for River North in a decade, was officially unveiled to residents of the neighborhood at a community meeting yesterday. Named the Carillon, the 725-foot tower would contain 216 hotel rooms, 120 timeshares, 246 condos and 30,000 square feet of retail space...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, March 13, 2017
    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...
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  • Making News This Week: Urban's Giancarlo Chavez and his Client's Contract for an $8.6 Million Condo in Highly-Anticipated Vista Tower

    Making News This Week: Urban's Giancarlo Chavez and his Client's Contract for an $8.6 Million Condo in Highly-Anticipated Vista Tower
    Urban Real Estate broker Giancarlo Chavez and his client's contract for an $8.6 million a full-floor penthouse residence at Chicago's Vista Tower, made news locally and across the country, as it joins the ranks of Chicago's most expensive homes listed for sale. See what local and national media had to say: Major Chicago Stories from the News: Front Page Story, New Eastside News Chicago Tribune: Wanda Vista developers see high-end demand; $8...
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  • High-rise coming to Evanston?

    High-rise coming to Evanston?
    Industry News
    Wednesday, March 08, 2017
    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...
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  • Millennials Looking For Bigger Houses

    Millennials Looking For Bigger Houses
    Industry News
    Tuesday, March 07, 2017
    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...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, March 06, 2017
    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...
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  • Matt Farrell Talks to the Chicago Tribune About Chicago's Luxury Market, and Urban's Buyer for an $8.6 Million Listing at Vista Tower

    Matt Farrell Talks to the Chicago Tribune About Chicago's Luxury Market, and Urban's Buyer for an $8.6 Million Listing at Vista Tower
    In The News, Industry News
    Friday, March 03, 2017
    The Chicago Tribune talked to Matt Farrell, nationally-recognized luxury real estate expert, and managing broker and managing partner of Chicago's Urban Real Estate. Making news out of Urban was a 5,734-square foot, $8.6 million full-floor residence, that went under contract by a buyer represented by Urban Real Estate broker Giancarlo Chavez, at the highly-anticipated Vista Tower. The residence is expected to be delivered in 2020...
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  • West Loop Tower Rising Fast

    West Loop Tower Rising Fast
    Industry News, West Loop
    Thursday, March 02, 2017
    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...
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  • Uptown Development Wins Alderman's Approval

    Uptown Development Wins Alderman's Approval
    Edgewater, Industry News, Uptown
    Wednesday, March 01, 2017
    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...
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  • Chicago's New Construction Market On Fire

    Chicago's New Construction Market On Fire
    Industry News
    Tuesday, February 28, 2017
    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 .
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, February 27, 2017
    It seems that the condo market is reviving - the latest proposal is a new 33-unit development planned for Noble Square. Designed by architect John Hanna, the development will replace an Ace Hardware at 1011-1013 N. Ashland, giving it the name of "Ace on Ashland." The development team, led by Gary Mikhaylov of GNP Development, has officially received its construction permit. Read more at Curbed Chicago here ...
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  • New Condo Tower Planned for River North

    New Condo Tower Planned for River North
    Industry News
    Friday, February 24, 2017
    A new 15-story tower has been proposed to replace a former auto body shop at the corner of Erie and LaSalle in River North From developer Sedgwick Properties, "The Bentham" will incldue a total of 31 residences starting at $1.3 million. It's expected to include amenities such as a 15th-floor pool, sun deck, fitness center and, of course, 24-hour concierge. Read more at Curbed Chicago here .
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  • Home Sales, Prices Rise in January

    Home Sales, Prices Rise in January
    Industry News
    Thursday, February 23, 2017
    Traditionally, Chicago has seen a quiet marketplace throughout the winter months; however, the latest numbers indicate that both the number of sales and prices were up in January. In Chicago home sales were up 9.3 percent compared to the previous year. Prices were also up by a substantial amount, 12.4 percent from 2016...
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  • Chicago's Northwest Side Booming

    Chicago's Northwest Side Booming
    Industry News
    Wednesday, February 22, 2017
    It's been clear for the last couple of years that Chicago's Northwest Side, particularly along the Milwaukee Avenue Corridor, is booming. A new map surveys the construction and shows that the area from Grand Ave. north to Logan Square will see a total of 2,252 new apartments, 81 homes for sale, and 89 new hotel rooms...
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  • Urban's Matt Silver talks to Crain's about Chicago's Jump-Started January Sales

    Urban's Matt Silver talks to Crain's about Chicago's Jump-Started January Sales
    The new year came in with a bang, as housing market data indicates a strong January in Chicago-area home sales. Matt Silver, partner with Urban Real Estate and president of the Chicago Association of REALTORS, gave his insight to Crain's Chicago Business on just what this means for buyers and sellers in today's market. Check out the entire article here .
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  • Chicago's Top-Selling Neighborhoods - January 2017

    Chicago's Top-Selling Neighborhoods - January 2017
    Industry News
    Tuesday, February 21, 2017
    The latest numbers are in and some familiar names once again top the list of best-selling Chicago neighborhoods. With 154 sales, the Near North Side was the clear leader, followed by Lincoln Park with 80 sales, which edged West Town's 79 sales. As usual, when adjusted for single family homes, the leaders are completely different. Ashburn lead the pack with 33 sales, followed by Austin with 28 and Norwood Park with 28. Read more at Chicago Agent Magazine here .
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, February 20, 2017
    A condo proposal for River North has recently sought approval from the Chicago Plan Commission, the first step in the approval process before construction can begin. Planned for 360-66 W. Superior, developer Ascend Real Estate Group is seeking approval for a 34-unit condo building in 12 stories with 63 parking spaces. Designed by FitzGerald Associates Architects, it would replace a pair of low-rise retail buildings. Read more at Curbed Chicago here ...
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