Plans for a large West Loop apartment development have broken cover and it could bring hundreds of new residents to the booming neighborhood.
The plan, proposed by the John Buck Company Lendlease, and from GREC Architects, would bring 586 new residences, 14 of which would be townhouses, and 10,000 square feet of retail space to the former site of the H20 Plus Company building at 845 W. Madison...
After a joint venture fell apart last year, it looks like a buyer has emerged that plans to build what amounts to an entire new neighborhood on the south lakefront.
US Steel is selling their former South Works site (the plant closed in 1992), a 430 acre piece of vacant land on the far South Side. A joint venture between Barcelona Housing Systems and WELink is buying the site and plans to build up to 12,000 new homes there...
Real estate investors shouldn't necessarily hold their breath, but they should watch carefully to see how the new administration in Washington handles the popular tax deferral program known as the 1031 exchange.
Named after a section in the tax code, a 1031 exchange allows real estate investors to defer the tax on capital gains for real estate investments when they swap on asset for a "like kind" investment...
The South Side neighborhood of Woodlawn is starting to receive a lot of attention.
The long-overlooked community won the 2016 Curbed Cup for Chicago , a reader poll that pits neighborhoods against each other in terms of popularity and development, and now a real estate developer is preparing to break ground on a series of single family homes.
Greenline Development is planning an $8...
Uptown may soon be home to a new transit-oriented development.
Ald. James Cappleman is working with developer Clayco on the project, which would bring a new, 8-story building with 147 units to 975 W. Wilson Ave., currently a vacant lot. It would include 29 parking spaces and 7,000 square feet of ground floor retail space.
Read more at Curbed Chicago here .
According to the latest data, total number of sales and median prices were largely up across the city in 2016.
The final numbers for 2016 are in and Chicago's top-selling neighborhood was the Near North Side which, despite a sales decline of 1.5 percent, saw a total sales volume of 2,737.
This far exceeded the next most popular neighborhood, West Town, which had 1,887 sales, a 7.52 percent increase from the previous year's 1,755. In third place was Lincoln Park, with 1,616 sales, a 7.95 percent increase over the previous year's 1,497 sales...
With the final numbers in for the year it should come as no surprise which three suburbs were the top-selling, but Naperville took the top spot.
The popular western suburb saw a total of 2,765 sales last year, a 9 percent increase over 2015. It was followed by Aurora which had 2,642 sales, up 9.49 percent and Plainfield with 1,813 sales, up 7.53 percent...
Chicago is in the midst of a building boom - developers are changing the skyline both downtown and in the neighborhoods.
At the moment, the city has 44 high-rises under construction including towers like One Grant Park, Solstice on the Park, and the Vista Tower. But there are more planned for Lincoln Park, Hyde Park, Lakeview, and the West Loop.
Curbed Chicago rounded them all up this month and put together a great map.
You can check it out here .
According to the latest data, total number of sales and median prices were largely up across the city in 2016.
For the nine-county area, the median sale price was $222,500, a six percent increase from 2015. For Chicago alone, the price was up 4.2 percent to $272,000.
Sales volume was also up. The region saw a 4.3 perent increase to 116,500 sales while the city saw a total of 28,033 sales, up 1.9 percent.
Crain's breaks down the data with charts and maps here .
A new 56-story skyscraper has officially broken ground this week and will rise over south Michigan Avenue.
Named Essex on the Park, the tower is designed by Hartshorne Plunkard Architecture and will ultimately include 479 luxury rental apartments at 808 S. Michigan. The project will also include a renovation of the soon to be landmarked Essex Inn located on the parcel to the north...
A new 56-story skyscraper has officially broken ground this week and will rise over south Michigan Avenue.
Named Essex on the Park, the tower is designed by Hartshorne Plunkard Architecture and will ultimately include 479 luxury rental apartments at 808 S. Michigan. The project will also include a renovation of the soon to be landmarked Essex Inn located on the parcel to the north...
If the current numbers are any indication, this year home buyers are going to face a big problem when the spring selling season begins: low inventory.
As of earlier this month, there are fewer homes listed for sale in the city than at any point in the last ten years. A total of 7,028 homes were on the market, the lowest number recorded by the Chicago Association of REALTORS® and 3.7 percent below the level from one year ago...
It seems Chicago developers have gotten over their fear of heights, if they ever had one.
In the latest in a slew of recent high profile and high flying towers, Houston-based Howard Hughes Company and Chicago's Riverside Investment and Development have unveiled a proposal for an 800-foot office building for 110 N. Wacker. Designed by Goettsch Partners, it would ultimately feature 1,350,000 square feet of rental space and a new public space and riverwalk interface...
The latest report predicts that the Chicago metro area will again be among the top housing markets for investors in 2017.
According to a report from HomeUnion, single family rental yields will be at 7.5 percent, ahead of markets around the country including smaller cities like Tampa and Charlotte. Chicago was way ahead of markets on the west coast like San Francisco and San Jose which offer among the lowest yields...
The hot South Loop has yet another tower under construction as of this month.
The new, 26-story tower will rise from what is today a surface parking lot at 1136 S. Wabash Ave. It will ultimately feature 320 rental apartments and 5,000 square feet of retail space.
It is being developed jointly by CA Residential and Keith Giles, and designed by Chicago architecture firm SCB...
It's a good sign for the housing market, particularly for low and moderate income home buyers.
Mortgage insurance premiums, a charge to home buyers who put down less than 20 percent to purchase a home with an FHA mortgage, will drop from .85 percent to .60 percent.
David H. Stevens, the president and CEO of the Mortgage Bankers Association, told the press that lower premiums will benefit consumers...
New research out recently indicates that not only is it better to buy in Chicago than rent, but it's also better in much of the metro area.
The analysis showed that it's slightly more financially responsible to buy than rent in Cook, McHenry and Will counties, while renting is the way to go in Kane, DuPage and Lake counties...
Condos are starting to make a bit of a come back in Chicago. A new project has recently broken cover for the corner of Sedgwick and Superior.
The 34-unit condo building would be designed by Chicago's FitzGerald Associates and rise a total of 12 stories. It would also feature 63 parking spaces.
The developer behind the project is Ascend Real Estate Group.
Read more at Curbed Chicago here ...
Condos will soon be filling a pair of vacant parking lots in River North, according to a new plan out from developer Belgravia Group.
The lots are at 356-66 W. Erie and a new 11-story building designed by Chicago-based GREC Architects would have a total of 38 condos when completed. It would also include a fitness center, indoor lounge and outdoor terrace.
Read more about the project at Curbed Chicago here .
Chicago's skyline is an ever-evolving architectural statement, some might even call a masterpiece, and a new tower is set to change it forever.
Known as One Grant Park, the tower, to be built at the corner of Roosevelt and Indiana in the South Loop, has officially begun construction...
