A suburban yard high on Lake Shore Drive

The 25-story brick and limestone co-op at 1500 N Lake Shore Dr is the only Chicago building designed by Rosario Candela, the New York “real estate brokers’ name-drop of choice.” Over the years the building, which requires owners to pay cash for their units, has been the home of more well-known Chicago names – including... Read more »

Bowmanville charmer under contract in two days

Recent market statistics show sharp increases in home sales over last year. And real estate brokers will tell you that well-priced homes in good condition are being snapped up quickly. And that’s not simply broker hype. A charming 3-bedroom, 2-bath home on a quiet block in the Bowmanville area of Lincoln Square just came on... Read more »

A panoramic Lincoln Park apartment view

We recently wrote about the wave of existing buildings playing catch-up to the amenities and in-unit creature comforts offered by Chicago’s new downtown high-rises and rental condos. The landmark Belden-Stratford apartments, built as a hotel in 1922, is one of the buildings undergoing a renovation under new ownership. I visited the Belden-Stratford yesterday to shoot... Read more »

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 »

Lakeshore Athletic Club converting to apartments

It looks like there’s finally some progress on the largest vacant building on North Lake Shore Drive. Crain’s is reporting that Integrated Development Group is planning to convert the building at 850 N Lake Shore Dr into 198 luxury apartments, with construction to begin early next year. Earlier plans for senior housing were derailed by... 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 »

Another round of cut-rate prices at 200 North Dearborn

According to a recent article about 200 North Dearborn in the Chicago Tribune the development has begun a “final closeout sale.” Nicholas Gouletas, American Invsco’s chairman and CEO, touted “savings of up to $231,600 off the original pricing for cash purchases.” Some examples of the current deals: One-bedroom condos start at $222,552, reduced from the... Read more »

New North Center condos selling pre-construction

Fifteen new condos are under construction at 4036 – 4046 N Western Ave in the North Center neighborhood. Noah Properties, one of Chicago’s hottest-selling developers, is building 5 3-bedroom, 2 ½ bath duplex units and 10 2-bedroom, 2-bath single-floor units on the site, with occupancy slated for late January. Duplex units are priced at $339,900... Read more »

A tale of two Uptown condo conversions

Five years ago we wrote about two Uptown condo conversions directly across the street from each other at 927 and 928 W Eastwood. We noted the similarities between the projects, which were being marketed at similar price points: It’s a close call on several fronts. Besides their location, on a cul-de-sac just a few blocks... Read more »

Beware of nasty Chicago zoning pitfalls

Real estate developers have been known to treat zoning laws like dogs treat fire hydrants. I can recall instances where a Park Ridge developer built one more 16-unit garden apartment building than his project’s zoning allowed and another where a city developer’s high-rise exceeded its zoning allotment by two stories. “Contractor error” was the latter... Read more »