Tag: Downtown

Is downtown Chicago headed for a glut of new apartments?

Quite a few real estate developers and lenders apparently don’t think a glut is on the horizon. Their confidence has been buoyed by the rapid absorption of the half-dozen new rental towers that opened for occupancy within the past two years, by favorable demographic trends and by a perception that downtown Chicago is becoming an... Read more »

Will proposed new South Loop apartments get built?

If you check in on our recently-updated list and map of new downtown apartment projects you’ll see that more than 8,000 apartment units are either underway or in various stages of the process. Will all those units be built? Not likely, says Steve Fifield, who recently broke ground on the 34-story, 496-unit K2, the fifth... Read more »

MLS-listed downtown rental inventory increases

The number of downtown homes and condos listed for rent in the local MLS increased modestly this past week, as it had in the previous two weeks. There are now 789 homes and condos listed for rent in the 14 ZIP codes that we track. This is the highest number available since mid-May, and in... Read more »

Tour a 4-bedroom Gold Coast penthouse

If you search for the heart of Chicago’s Gold Coast you’re likely to find it at 1400 N State Pkwy. The location almost defines the Gold Coast: a wonderful mix of mansions and high-rises, and proximity to the lake, parks and neighborhood dining, shopping and nightlife. Dawn, one of the owners of a 3,000 square... Read more »

Rent an apartment or a condo at Lakeshore East?

The Lakeshore East mega-development on Chicago’s New East Side has three rental towers, The Tides, The Shoreham and Aqua, which also has condominiums and will include a hotel. You can also typically find a few units for rent in the Lakeshore East condo buildings: Aqua, The Regatta, The Chandler, The Lancaster and 340 on the... Read more »

Homes and condos continue to rent quickly in downtown Chicago

Back in November of 2009, when we began tracking MLS-listed homes and condos for rent in 14 downtown ZIP codes there were 1,927 units available. Available units fell 745 on June 3, a decrease of 61%, and increased only slightly this week to 753. Three weeks ago the inventory stood at 786, and it was... Read more »

Downtown condo rental market is strong

Economic conditions and the addition of six new apartment towers with more than 2,000 units don’t seem to be having the expected negative impact on the downtown Chicago rental market. One source tells me that AMLI900, In the South Loop, has rented 60 or 70 units in the past several months with little in the... Read more »