Posts in category "Developments"

Chicago New Construction: The Hottest Neighborhoods Of 2016

Chicago New Construction: The Hottest Neighborhoods Of 2016
As you’ve traveled around Chicago over the last year you’ve probably noticed all the new construction going on – some of it is commercial and some of it is apartments but a lot of it is new residential construction for sale. So, once again I’ve put together a summary of the hottest neighborhoods for Chicago... Read more »

Can Chicago's South Loop Absorb All The New High Rise Construction?

Can Chicago's South Loop Absorb All The New High Rise Construction?
On Thursday I wrote about all of Chicago’s  new high rise construction in the South Loop that has recently been announced. With just the 5 projects I wrote about I estimate that we are looking at approximately 2061 new apartments and 1123 new condos/ townhomes. That’s a ton of new housing units so the question... Read more »

Will Chicago's South Loop Real Estate Rise Again?

Will Chicago's South Loop Real Estate Rise Again?
If you will recall the South Loop had a building boom during the housing bubble that left it with a ton of inventory that it only recently cleared. The memory of that catastrophe must be pretty short lived because last week was a huge week for South Loop real estate news. In case you missed... Read more »
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The Hottest Neighborhoods For New Construction In Chicago

The Hottest Neighborhoods For New Construction In Chicago
There’s been a fair amount of new construction in Chicago over the last 12 months and it has been concentrated in a few really hot areas. Also, as you might expect, the character of this new construction is very different depending upon the area. So I decided to create a quick overview of the hottest... Read more »

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 »
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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 »

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 »
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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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    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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