Archive for April 2012

Before and after looks at a riverfront penthouse

Chicago Magazine’s Dennis Rodkin recently visited a two-story penthouse on the Chicago River. The home has dramatic views from its sprawling outdoor terraces. The home, which is currently on the market for $3.35 million, was acquired a little over a year ago by a retired Microsoft executive for $2.85 million. We toured the penthouse, which... Read more »

RealtyTrac – Chicago metro foreclosures high and trending up

RealtyTrac just released its Q1 2012 Metropolitan Foreclosure Market Report, and it doesn’t contain good news for the Chicago-Naperville-Joliet metro area real estate market. Chicago ranked only 17th among the Top 20 metro areas in the US in overall foreclosure activity, defined as the percentage of homes in foreclosure (1 of every 107), but led... Read more »

Down by the riverside, in Bridgeport

The ad copy touting Riverside Homes and the actual development site at the northern edge of Bridgeport seem, to an outsider, to be two different places. Your Community Suddenly, it’s all within your reach. The space you’ve dreamed of, the luxury you crave, in the neighborhood you know and love … All in a quiet... Read more »

Chicago remembers Bill Lavicka, master architectural preservationist

William “Bill” Lavicka impressed, charmed and captivated many people during his life, including many in the media, Don DeBat among them. Don became friends with Bill in 1974 when he wrote a neighborhood story on the Jackson Boulevard Historic District. They made wine together in Bill’s basement since 1983. Don sent along this remembrance of... Read more »

Video tours of Chicago's highest-priced homes

When I visited the Theurer-Wrigley House last August it hadn’t yet been listed in the MLS. The landmark home at 2466 N Lakeview, which is more commonly known as the Wrigley Mansion, was listed for sale in October at $9,500,000, the current asking price. I visited the landmark Francis J. Dewes Mansion in November of... Read more »

Rental market still strong in downtown Chicago

The leasing office at The LEX, a South Loop condo tower turned rental, has been open for only a month. I received an email update from a representative of The LEX yesterday relating that 108 apartments (32.83%) have been rented and 51 of them (15.5%) are occupied. The rent-up pace at The Lex is just... Read more »

The biggest apartment search mistake is failure to focus

The biggest mistake that Chicago apartment seekers make is failing to focus their search on one or two relatively small areas where they’d genuinely enjoy living and can comfortably afford. If you’re looking all over the map you’re likely to end up in a bad apartment in a worse location. Chicago’s neighborhoods vary widely in... Read more »

Target and Mariano's opening soon in the West Loop

Two major retail developments that are likely to have a positive impact on the West Loop are well underway. Target broke ground at Jackson and Aberdeen last September, at which time it was slated for completion in July of this year. Mariano’s Fresh Market on Halsted, pictured above, will be opening in what one observer... Read more »

A look at Lucien Lagrange buildings, built and unbuilt

In the above video Lissa Weinstein takes you on a walking tour of six buildings designed by architect Lucien Lagrange: The Park Hyatt, 840 N Lake Shore Dr, The Elysian, 65 East Goethe, 2520 Lincoln Park West and the Ritz-Carlton condos. Lagrange has designed in a variety of styles, but these buildings all showcase a... Read more »

Austin tenants threaten rent strike

CBS Channel 2 reported on Friday that tenants of a foreclosed building in Chicago’s Austin neighborhood are “fed up and threatening a rent strike.” The tenants of the 32-unit building, located at Laramie and West End avenues, say the building’s furnace was ripped out and stolen, and say the building’s receiver has not replaced it.... Read more »