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Real Estate Blog

Lincoln Yard Rendering

Photo Credit: Sterling Bay

An email written by 2nd Ward Alderman Brian Hopkins threatens the most ambitious development project on Chicago’s North Side. The development plan, drawn by Sterling Bay, features a 20,000-seat soccer stadium/entertainment district that Live Nation, a popular concert promoter, would oversee. The developments plan is to be located between Lincoln Park and Bucktown. The proposal also includes a 21-acre public space, while the last proposal only included 13.4 acres. However, they need more acreage for public space according to Hopkins.  

Hopkins goes on in his email to say “I am not in support of a major sport and entertainment arena within either of their two planned development districts now under

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RPT Realty, the owner of Webster Place shopping center in Lincoln Park plans to expand the property by introducing two residential towers. Preliminary redevelopment plans has been shown to investors already. Part of the plan will reconfigure the shopping center at Webster and Clybourn avenues, which is 30 years old. Barnes and Noble would close, and the Regal Cinemas movie theater complex will be expanded.

The strategy behind this expansion plan is for RPT to capitalize on its location in comparison to Lincoln Yards, which is a $6 billion project that will be located to the south and west of Webster Place.

One big hurdle that RPT has to get over before the expansion can occur is earning the blessings of Webster Place Athletic Club. RPT and the

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Related Midwest recently encountered a push back from downtown Alderman Brendan Reilly. They proposed to build two skyscrapers on the Chicago Spire site. The reason being has to do with access and safety issues. The proposed project for 400 Lake Shore Drive will need major revisions before gaining the support of Reilly. In order for the City Council to review the proposal, they must first have the approval of the alderman.

Some of the changes that the alderman insists happen before he considers Related Midwest’s proposal consist of; shrinking the size of the podium where the towers will sit since it will restrict access to the site from East North Water Street, removing the hotel from the site, make use of ramps connected to Lake Shore Drive and

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The city of Chicago is currently being bombarded with tons of new developments. This is good for anyone looking to relocate or looking for investment properties. Besides new developments, buildings are being bought out as well. TGM Associates, New York Investor, agreed to buy Northshore 770 Apartments, which happens to be located near the Edens Expressway. The deal is expected to be complete mid-September.

The sellers happen to be a joint venture between Crossroads Development Partners of Schaumburg and Morningside Group, which is based in Chicago. Northshore 770 comes with a 102,000 square foot Marianos shopping center.  However, this retail space was sold for $68.5 million in November 2016 by the developers. Once this transaction is complete, we can

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Located on the southwest corner of North Avenue and Larrabee Street, Former Father and Son Plaza Site gets a new 261-unit building in place of it. CA Ventures and White Oak Realty Partners received permission to start demolition and begin developing Old Town apartment building. The site was once home to businesses such as Chase Bank and Marcello’s.

The 11-story complex, consists of 261 apartment units, and will include a level dedicated to residential amenities, outdoor pool, 30,000 square feet of retail space, and parking garage for 183-vehicles. The project will cost around $126 million. $2.37 million of that money goes to Affordable Housing Opportunity Fund.

As more information become available as the project progresses, we’ll continue to keep

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So many exciting new projects are coming to downtown Chicago. One of our favorite projects estimated to be delivered 2019 is 333 North Green Street. It's a ground-up new construction with 555,524 square foot creative office and prime retail building located in Chicago’s most dynamic neighborhood, Fulton Market! Developed by Sterling Bay, designed by Gensler and will be 19 stories tall!

This new construction will include a Skydeck overlooking the city, onsite parking for over 300 cars, a tenant lounge with grab & go food service, fitness center, bar, gaming area and more! There’s about 253,631 SF of office space remaining, the building will also provide 35,000 Square feet of prime retail.

This location is also perfect for just about anyone. The

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1. 333 North Green Street | $100 million

333 North Green Street is one of our favorites. It is a ground-up new construction with 555,524 square foot creative office and prime retail building located in Chicago’s most dynamic neighborhood, Fulton Market!  More information on this property can be found on the 333 North Green Street Development blog.

2. 355 East Wacker Drive | $58 million

BKI Architecture is the brains behind 355 East Wacker Drive. It will be 13 stories high accommodating 1440 middle and high school students in Lakeshore East. It’s expected to be finished by late 2019. The site will include a two-story library and an auditorium that can seat 500 people. A rooftop deck will be included as well that provides a full view of the Vista

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Lincoln Yards is an ambitious project that will include a 70-story skyscraper, create 23,000 jobs, 6200 parking spaces, and 5,000 homes for Chicago residents on the north side. The entire project will cost approximately $5 billion dollars.

The development will be 70 acres and located along the river between Lincoln Park and Bucktown. This site was home to Finkl & Sons steel plant for 112 years, and other industrial businesses. According to Gloor and Erin Lavin Cabonargi, the firms director of development, Sterling Bay plans to split the space between commercial buildings and residential space.

Like many developments, there are always challenges. Some of the challenges consist of congestion in the area, and parking. Zoning approval is still needed to

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When you’re selecting a broker, there’s no doubt that you want the very best that suits your needs. With there being so many online ads, postcards, billboards, and more, it’s hard to fight through the noise and find someone who has your best interests at heart. The good news is that it doesn’t have to be this way. Check out the 6 tips below that can help you with this process!

 

Experience

Experience goes a long way when choosing the correct agent. It’s better to hire an agent who has 20+ years of experience in the market than one who only has 5+ years. 

Testimonials/Clients

Testimonials are huge when it comes to picking an agent. You can begin your search by searching on popular social sites such as Facebook, Twitter, Instagram, LinkedIn,

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Streeterville is well known for its large number of high rises and luxury condo buildings. Streeterville is surrounded by Lake Shore Drive, the Chicago River, Michigan Avenue and Lake Michigan. What's even better is the incredible attractions within walking distance that residents can choose to visit. Take a look at some of them below!  

Navy Pier

One of Chicago’s most popular spots for tourism, Navy Pier attracts approximately 9 million visitors annually making it the top leisure spot in the Midwestern America. The pier encompasses more than fifty acres of parks, gardens, shops, restaurants, family attractions and exhibition facilities. Some attractions on the actual Pier consist of the huge Ferris wheel, the Shakespeare Theater, Chicago’s children

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