Category: Developments

What Exactly Is The Problem With The Lincoln Yards TIF?

What Exactly Is The Problem With The Lincoln Yards TIF?
It’s been more than 11 years since I first posted about the absurdity of a steel plant located in Lincoln Park: Why Finkl & Sons Is In Lincoln Park. So I was pretty happy when word first got out that Sterling Bay was going to put something more logical on that prime real estate. Of... Read more »

Update On Union Row Townhomes - That Bizarre Location

Update On Union Row Townhomes - That Bizarre Location
Back in 2008 Chicago real estate developers thought they could sell just about anything to real estate hungry consumers. And Belgravia Group, an otherwise highly respected Chicago real estate developer, decided to push the limits on that theory when they built the Union Row townhomes on 16th St., literally right next to the Dan Ryan... Read more »

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 »
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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 »

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 »
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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 »