A warehouse-style building could soon span an entire city block near Mary Bartelme Park in the West Loop.
The site at 845 W. Madison, headquarters of the relocating H20 Plus company, was purchased by the John Buck Company in 2014, who have since posted a single rendering of their proposed building for the site...
The New Eastside's super tall and most exciting new skyscraper, Wanda Vista, has opened its sales center and released new renderings that show, not only the planned interior amenities, but also offer a glimpse into how the building will change Chicago's skyline.
The tower is planned to be 93 stories in total height and a combintation of 405 luxury units, as well as a hotel...
First-time home buyers are an important component of the market who face a variety of obstacles, often setting off a chain reaction of sales and purchases.
A new report notes that buyers have some advantages but are facing a shortage of available inventory. The median price for a starter home in the metro area is just under $100,000, lower than many other major metro areas...
The numbers are in for February 2016 and the top-selling neighborhood in Chicago is the Near North Side with 156 total sales.
Rounding out the top three were West Town with 89 sales and Gold Coast with 74.
As we've observed in previous months, the high number of attached residential dwellings drives the high sales volume in many of the top markets. The Near North Side, for example, also led the city in sales of attached dwellings with 150 sales...
It looks like another tower is coming to the hot South Loop area.
According to reports in two local websites, developers are planning a new, 33-story, 496-unit apartment building for the vacant lot at 801 S. Financial, just south of Polk Street and next to the Metra tracks.
An Atlanta-based developer purchased the site in December for $15.5 million. Chicago's Pappageorge Haymes are the architects.
The site is awaiting construction permits to begin...
It looks like another tower is coming to the hot South Loop area.
According to reports in two local websites, developers are planning a new, 33-story, 496-unit apartment building for the vacant lot at 801 S. Financial, just south of Polk Street and next to the Metra tracks.
An Atlanta-based developer purchased the site in December for $15.5 million. Chicago's Pappageorge Haymes are the architects.
The site is awaiting construction permits to begin...
The Chicagoland area is one of the best markets for Millennials in the country, having both more buyers in that age bracket than the national average and a younger cohort, according to a new analysis from LendingTree.
45.48 percent of purchase requests in the metro area over the last 12 months came from Millennials with an average down payment of $45,000 and an average purchase price of $260,000...
A gigantic development that would help to transform a section of Wrigleyville is a step closer to reality this week.
Foreclosure suits against several of the properties on Clark Street just south of Addision have been resolved and now the development team at M&R Development and Bucksbaum Retail can move forward with the mixed-use project, designed by SCB and under consideration since 2007...
Things are moving along in Lincoln Park at the site of a new mixed-use development at 2518 N. Lincoln Ave.
The developers of the project, "ELEVATE Lincoln Park" have obtained their first demolition permits and will begin work soon on the development that will have 191 high-end apartments, 138 parking spaces and just over 16,000 square feet of retail.
Rents in the building will range from $1800 for a studio to $4000 for a two-bedroom...
It may seem an obvious question but the National Association of REALTORS® recently engaged in a study to determine why people continue to buy homes.
According to their results, nearly a third of all buyers purchased a home simply to have one of their own, the biggest single reason. For Millennial buyers the percentage was even more pronounced: 48 percent cited that reason...
When buyers are considering the different pros and cons of a home, it may surprise them to learn that proximity to a Target store is a sign the house will appreciate more.
RealtyTrac conducted a study of homeowners who sold in 2015 and had a home near a Target but not a Walmart. They saw an average 27 percent increase in home price since their purchase, compared to 16 percent who sold near a Walmart but not a Target...
If you're a buyer in the $2 million plus bracket then you have enough options in Chicago that it's beginning to look like a buyer's market.
At the end of February last year, Chicago had enough supply in that price range for 10.7 months of sales. One year later that supply had increased to 12.3 months, the first year-over-year increase since 2010.
While the momentum is shifting to buyers, the luxury market is still strong. Total sales for prices in that bracket rose 2...
Homeowner equity in Chicago and nationally has taken big strides in the last year.
Nationwide, equity positions have dramatically improved in the fourth quarter of 2015. CoreLogic's analysis showed that the total improvement was $682 billion or 11.5 percent, putting 91.5 percent of homes in positive equity...
New renderings have been released for a proposed transit-oriented development for the intersection of Clark and Belmont in Lakeview.
The development, which would replace the shuttered but famed Alley store at 3228 N. Clark, would include a new seven-story building behind the original terra cotta facade with 23 residences and 2,500 square feet of retail space.
Read more at Curbed Chicago here .
First-time homebuyers are an important part of any healthy housing market. But Chicago Agent Magazine recently identified four challenges that they face.
• Cash Investors: With foreclosures and short sales gone, cash buyers have increasingly competed with first time buyers for the limited home inventory. 25 percent of home sales went to cash investors in October of last year, down from 32 percent the previous year but well above the average...
Residential construction got off to a strong start in Chicago in 2016, according to the latest data from Dodge Data & Analytics.
The total for residential new construction in Chicagoland totaled $391.72 million through January, an increase of 180 percent over January 2015.
That figure only puts Chicago behind San Francisco in terms of percentage increase, but ahead of it in real dollars...
A new West Loop rental tower is heading to the Chicago Plan Commission this month for its first approvals.
The tower, proposed for 346-358 N. Union St. and 347-357 N. Halsted St. in the Fulton Market area would bring 373 new rental units and top out at 405-feet.
The development also includes a new public dog park. It heads to the Plan Commission March. 17.
Read more about it and two other projects headed for approvals at Curbed Chicago here .
Urban Real Estate (Urban) has named veteran Chicago real estate broker Matt Silver, president-elect of the Chicago Association of REALTORS® (C.A.R.), as the firm’s newest partner.
Mr. Silver has been with Urban Real Estate since June 2011...
For some suburbanites, when the kids head off to college, it's time to consider a move to the city.
The Chicago Tribune recently profiled several couples who've made the choice not to "age in place", but to swap their suburban homes for full time residences in the city.
What some of these older transplants are finding is that the city market is so hot that even down-sizing can mean a higher mortgage payment...
Chicago just nabbed a new honor: it's quality of life ranks 3rd among U.S. cities according to a new survey.
The 18th annual Quality of Life Survey, from HR consulting firm Mercer, evaluated cities around the world and Chicago ranked 43rd in the world. The only U.S. cities that ranked higher were San Francisco at 28 and Boston at 34.
Chicago edged out both New York and Los Angeles which ranked 44 and 49 respectively.
Read more at Chicago Agent Magazine here .
