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Jameson
breaks ground on 50 E. Chestnut
Even
by the luxury standards of the Gold Coast, it’s unusual to
find a residential highrise that dedicates only one unit –
a virtual penthouse – to each of its floors. Jameson Development
hopes that configuration at its 50 E. Chestnut project, which broke
ground Sept. 8, will sound a note of exclusivity in an already small
and rarefied market.
More
Loft-like
units a hit in Bridgeport
When
Tandem Developers opened Union Lofts in Bridgeport, an ethnic working
class neighborhood on the Near Southwest Side, the builder was taking
a risk. Loft condominiums were all the rage in formerly industrial
downtown pockets such as the West Loop and River North, but Bridgeport?
More
Silver
Tower to rise in River North
Silver
Tower, a 38-story glass highrise planned for 303 W. Ohio St. might
seem alien among the brick and limestone of River North, but its
modern sculpture-like features could make the 233-condo development
a natural for the neighborhood’s art gallery scene.
More
The
Marquee shows French influence
The
Marquee, a 25-story tower planned by Sedgwick Properties in the
South Loop, might look at home in the Gold Coast or amidst the historic
buildings across from Millennium Park, but the developer argues
that it also will fit its context, at 1454 S. Michigan Ave., in
the South Loop.
More
Deco
design marks Astoria Tower
Some
architecture buffs equate contemporary design with innovation, but
that’s a mistake, according to Pat FitzGerald, associate president
of FitzGerald Associates Architects. FitzGerald designed Astoria
Tower, a 30-story highrise planned for 8 E. 9th St., with the verticality,
stepped exterior, and brick and cast-stone façade of the
art deco era, but his focus is squarely on the changing needs of
21st century buyers.
More
Edgebrook
single-families under $1 million
CA
Development recently filed an application with the city for Edgebrook
Glen, a planned development of 64 luxury single-family homes at
5200 W. Armstrong Ave., on the far Northwest Side. The project will
offer families suburban-style space – detached homes, large
yards, and a location adjacent to the Indian Woods forest preserve
– but within the Chicago city limits, according to developer
Paul Bertsche.
More
Horizontal
emphasis marks 30 W. Oak design
About
75 percent of the units have been sold at 30 W. Oak, according to
developer Smithfield Properties. The highrise came online in early
2004, but a sales center on site was closed when construction began.
More
Rezmar
to start Riverside Dist in 1st quarter
Rezmar
Development Group will open residential sales at the Riverside District,
a 62-acre mixed-use community planned for the South Loop, during
the first quarter of 2006, according to Alexandra Korompilas, director
of sales and marketing for the company.
More
Developer
recreates lofts in new condos
Since
lofts came to dominate Chicago’s condo market in the’90s,
we’ve seen all manner of new construction masquerading as “lofts.”
Lofts, as far as we’re concerned, are buildings constructed
for commercial purposes – as warehouses, factories, offices
– and later converted to residential use.
More
Fairbanks
starts with big base of sales
Developer
Centrum Properties hit the 25 percent sold mark during its first
weekend of sales at the Fairbanks at CityFront Plaza, a 31-story
condo development planned for the 200 block of East Illinois Street,
in Streeterville.
More
Half
of Grand Plaza going condo
Terrapin
Properties and Jaeger Equities are converting the 37-story west
tower of Grand Plaza, at 545 N. Dearborn St., in River North, to
condominiums. NNP Residential & Development and its partners
will retain the 481-unit 56-story east tower as a luxury apartment
building.
More
Falor
opening Hotel 71 units in August
The
Falor Companies plans to begin selling hotel condos in August at
what is now Hotel 71, a boutique riverfront hotel at 71 E. Wacker
Drive, on the edge of the Loop and the Magnificent Mile. The project
will be Falor’s third hotel condo development in Chicago, where
the new form of hybrid housing has quickly become popular.
More
Boul
Mich gem converting to condos
The
environs of Millennium Park can count another adaptive reuse project
among their budding ranks of residential buildings. At press time,
developer Winthrop Properties planned to open sales in August for
condos at the Boulevard, the conversion of the historic Monroe Building,
104 S. Michigan Ave.
More
Victoria
Place: new condos in Bucktown
Bucktown,
which went from an artsy, edgy enclave with Polish roots to an expensive
neighborhood of popular boutiques and bars during the ‘90s,
has little room for new construction. That should spur sales at
Victoria Place, a new development of 15 condos at 1815 N. Milwaukee,
priced from the $390s to the $410s.
More
River
Village Pointe hits 35% sold
The
Enterprise Companies has sold about 35 percent of the 100 condos
at its planned River Village Pointe development, the latest in a
long series of new projects by Enterprise in the area. This newest
mid-rise will be built on the current site of the River Village
sales center, at 840 N. Kingsbury, and bring the number of new homes
constructed by Enterprise in and around Kingsbury Park to about
1,500.
More
Chandler
opens at Lakeshore East
The
developers of Lakeshore East opened sales for the Chandler –
the fifth new highrise to be announced in the $4 billion mixed-use
community – just as the first tower to be completed there reached
the 98 percent sold mark.
More
Affordable
vision on State Street
During
the ‘80s and much of the ‘90s, the South Loop was known
as the downtown community where buyers could find affordable new
homes close to the Loop. But as amenities and popularity expanded
in the neighborhood, the vision of an affordable option close to
the city center faded. Until now.
More
A
loft by any other name...
When
New Homes ran its comprehensive loft living feature in February,
we didn’t include the Thrush Companies’ 14-story new-construction
tower at 740 Fulton, scheduled to break ground in June. We actually
didn’t include any new construction under the heading “loft
development” because in our book, a loft is a building originally
built for commercial purposes and later converted to residential
use.
More
550
St. Clair courts modern aesthetic
It
wasn’t long ago that real estate agents and developers were
insisting that modern design would not sell when it came to Chicago
real estate. Today, cutting-edge design has built a strong and growing
track record in Chicago, and new projects like 550 St. Clair are
touting their contemporary aesthetic as an asset that sets them
apart in a crowded market.
More
Roosevelt
Square breaks ground in Near W.
Some
residents of the Near West Side feel that the community never fully
recovered from construction of the expressways and the University
of Illinois at Chicago campus – both of which cut large swaths
through what in many ways, was the quintessential Chicago neighborhood.
Today,
there's more demolition underway, but LR Development and Quest Development
Group say they're recreating the flavor of the traditional neighborhood
with a major redevelopment on the site of the Chicago Housing Authority's
ABLA Homes.
More
January
16, 2004
Madigan altering tax cap proposal
Michigan
Ave. Tower starts construction
212
East down to last 10 units
Mortgage rates
to remain low
Jameson
starting boutique tower
January
9, 2004
Belgravia Group opens Hartland Park
1111
S. Wabash offers free parking
DeBat
awarded HBAGC homor
Little named
CAR president-elect
Dubin
breaks ground on Kilbourn Court
January
2, 2004
Trump Tower selling quickly
Park
Alexandria leading West Loop sales
New
condos open on Sheridan
Property tax
relief proposed
Mortgage
rates remain low
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