Tag: High-rise

An eye-level view of Chicago skyscrapers

Whether you spend your days earthbound or high up on Chicago high-rises, there are some sights you’ll never see, no matter how many different venues you visit. Last Tuesday YoChicago chartered a helicopter with the doors off and Data Based Ads’ CEO Mike Scotty, our ace photographer Michael Kardas and I spent almost two hours... Read more »

Two new downtown Chicago apartment towers pass a milestone

A building’s “topping out,” i.e. completion of the top floor of its structural skeleton, is a major milestone. The Coast (center left, above) and 500 North Lake Shore Drive (center right, above) have both reached their full height and are proceeding toward planned occupancy next spring. If all goes according to plan the 49-story, 499-unit... Read more »

Tour week – apartment walks through the Gold Coast and New East Side

While I’m away on vacation this week, I’m dipping into the archives to show you around parts of Chicago we haven’t visited in a while. On today’s tour we’ll walk around two Chicago neighborhoods looking at apartment buildings. Chicago’s Gold Coast is one of the easiest locations you can imagine in which to find an... Read more »

A video tour of the under-construction K2 apartments

K2 at K Station is a 496-unit 34-story apartment tower that’s under construction in Chicago’s Fulton River District. McHugh Construction Project Engineer Owen Smith showed me around the site yesterday, starting at ground level and ending on the 13th floor, which is partially complete. From the 9th floor on we climbed construction ladders. We stopped... Read more »

Are condo-to-rental conversions on the horizon?

Recent sale prices of two new apartment towers raise the question of whether owners in some newer condo buildings could realize higher prices from a rental conversion of their entire building than from the sale of their units individually as condos. MetLife is reported to have paid $483,000 a unit or a total of $120.2... Read more »

An unusual perspective on a new apartment tower

Marie Spear and Greg Hayes, the team operating the tower crane at K2 at K Station, are veteran members of Operating Engineers Local 150. They spend their days 240 feet above the ground, with an entirely different perspective on the job site than anyone else involved in the construction of this 34-story, 496-unit apartment high-rise.... Read more »

Apartment and condo rental deals in Lincoln Park

Eugenie Terrace, 1730 N Clark St, is offering $1,000 discounts on the first month’s rent on select studio and one-bedroom apartments. To qualify, however, you’ll have to start your lease no later than tomorrow. Start by February 14th and take $500 off your first month’s rent. Three high-floor, west-facing one-bedrooms are available now, priced from... Read more »

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 »

The Pierre, a prominent but often-overloooked Lincoln Park high-rise

Many of Lincoln Park’s older high-rise buildings are often overlooked by buyers, especially buyers looking for family-sized homes. The Pierre, 2100 N Lincoln Park West, is one of those prominent-on-the-park but seemingly out-of-sight buildings. Built in 1918 and converted to condos in 1974, it offers an extensive suite of services and amenities, including a rooftop... 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 »