Tag: New construction

North Shore rents spike up 12.8%

According to an Appraisal Research Counselors study, reported recently in Crain’s, suburban apartment complexes in the Chicago area had the lowest vacancy rates in nearly five years and the highest rent levels ever. The Naperville / Aurora submarket had the highest occupancy rate, at 96.9% but saw net rents rise year-over-year by just 0.7%. North... Read more »

Coming up (almost) empty on new construction new listing searches

Every time I’m in the western suburbs I see what strikes me as an abundance of new single-family homes under construction. I expected, based on those impressions, to have no trouble finding a few new homes to write about. That expectation proved to be wrong. A search for new construction new listings (on the market... Read more »

Construction check – Seventeen17 on the rise in Evanston

Seventeen17, an 8-story, 175-unit apartment complex underway at 1717 Ridge Ave in Evanston, has risen above its 2-story parking base. The steel frame and precast concrete construction should facilitate rapid progress toward a goal of Spring 2013 occupancy. When complete, Seventeen17 will include a courtyard, outdoor pool, lounge and fitness facility. The project is being... Read more »

An updated look at AMLI Evanston

AMLI Evanston, the mixed-use development at Chicago Ave and Kedzie St in Evanston, continues to progress toward its goal of occupancy by spring 2013. Concrete work, which was the focus of activity at the time of my last visit, is expected to wrap up by the end of the month. When complete, the project will... Read more »

Home sales heating up in Wilmette

We agonized (a teeny bit) over that headline. Who wants to think about the heat, given our current weather conditions? Real estate broker and blogger Eric Rojas recently took a look at the sales pace of Wilmette homes in the first half of this year, found a substantial increase over last year, and the possibility... Read more »

New construction in Wilmette's Kenilworth Gardens

The second I saw the newly-listed new construction home at 2240 Thornwood Ave in Wilmette‘s Kenilworth Gardens I thought – “this won’t last.” And it hasn’t. The 5-bedroom (all above grade), 5 ½ bath home with a finished lower level is under contract almost immediately after going on the market at a list price of... Read more »

New construction steps from McKenzie School in Wilmette

It’s my impression, without benefit of hard numbers to back it up, that there’s been an increase recently in speculative teardown and new construction activity in Wilmette. As I travel around the Village, I seem to encounter construction sites more frequently than in recent years. Lynch Partners, a veteran of the Wilmette market, is building... Read more »

Trying to better the 2009 purchase price in West Wilmette

If you spend any amount of time reading the comments on local real estate websites, you frequently encounter mocking references to sellers who bought in recent years and are now attempting to resell for more than their purchase price. Those jibes may be merited in some cases, but readers should investigate carefully before concluding that... Read more »

Rental spotlight – a new townhome in Northfield for $4,500

Unit 1C at 1884 Old Willow Rd in Northfield just came on the market. The 3-bedroom, 2 ½ bath, 2-car garage condo is walking distance from the not terribly walkable downtown Northfield, and has easy access to the Edens Expressway. It is offered for rent at $4,500 a month. The 6-unit Residences of Northfield Center... Read more »

Adjectives in abundance at new Winnetka home

The website for Glenn Gutnayer Custom Homes touts the first in a series of “Live Forward Today” homes. I paused for a moment, wondering what other direction one might live in, before taking a look at the online brochure (PDF) for 887 Spruce St in Winnetka. The brochure pictures a traditional-style home “right-sized for the... Read more »