Posts in category "Developments"

Ukranian Village: Gonnella Baking Building Gives Way For New Homes

Ukranian Village: Gonnella Baking Building Gives Way For New Homes
You’ve seen their trucks and their bread around town. Gonnella Baking used to have their corporate headquarters at 2002 – 2014 W Erie, just west of Damen, in Chicago’s Ukranian Village neighborhood. Parts of their Web site still show that address as the corporate headquarters but employees who haven’t yet gotten the memo (e.g. the... Read more »

After 2 Years Last University Village Developer Units Sell $200,000 Below Original List

After 2 Years Last University Village Developer Units Sell $200,000 Below Original List
Over the last couple of months the last 2 developer townhomes in Chicago’s University Village quietly sold. Several months back the developer removed their sales center from the corner of Halsted and 14th Place but the two townhomes at 711 W 15th Place and 745 W 15th Place remained on the market and after almost... Read more »

Museum Park: Just Another Example Of Continued South Loop Problems

Museum Park: Just Another Example Of Continued South Loop Problems
Crains’ ran a story yesterday about the continued problems with the Museum Park developments in the South Loop. As our own analysis reveals, there was a 20 months supply of 2 and 3 bedroom condos on the Near South Side (which includes the South Loop) at the end of August and condos have been on... Read more »
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Developer's Closeouts In The South Loop's Columbian - Good Deals?

Kind of boring
As I mentioned last week I recently got an email promoting the high cooperating commissions being offered by The Columbian at 1160 S Michigan, in Chicago’s South Loop. As I’ve previously posted, such offers don’t make a lot of sense to me and reek of desperation so I was very interested to attend their open... Read more »

Condos That Try To Kill You And Take All Your Money

Condos That Try To Kill You And Take All Your Money
  Every home buyer worries and most of these worries fall into one of two buckets: either buying a money pit or suffering from declining value. And most of these buyers do enough due diligence to avoid these problems. But what would happen if you did all your due diligence and bought a solid home... Read more »

Scary Times At The Ritz Carlton Residences

Yesterday morning I was in a high rise just west of the construction site for the Ritz Carlton Residences at 664 N. Michigan Ave and I happened to have my new camera with me along with its zoom lens. As I was checking out the view I noticed these two constructions workers on about the... Read more »
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Last Union Row Townhomes Under Contract

I got an email from Joe Zekas this morning pointing out to me that the last of the Union Row townhomes has sold. He covers this in his blog post, linked above. You will also note that in his post he links to my earlier Union Row post as an example of how some brokers... Read more »

The Latest On The Chicago Spire

Earlier this week (yeah, I’ve been busy) Crain’s reported that Shelbourne Development Group, the developer of The Chicago Spire, has closed their sales center in The NBC Tower and will now be selling units in their own offices on Wacker Drive. It seems that Shelbourne owed their landlord about $316,000 in back rent and the... Read more »
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    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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