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The decade-long-plus battle of constructing the Chicago Spire tower at 400 N. Lake Shore Drive has resurrected and will pick back up sometime this year by developer Related Midwest — minus the spire.
The Vista Tower has officially become The St. Regis Chicago, according to a press release issued today.
Entrepreneur Joe Mansueto has purchased the Waldorf Astoria Chicago. According to Crain’s, the Morningstar founder paid $54 million for the luxury hotel, which carries “about $90 million” in debt. He is reportedly the fourth owner of the property at 11 E. Walton, which was developed by David…
Nielsen's Global Consumer Business, an international data and measurement firm, has announced its Chicago office will serve as the company's global headquarters starting in 2021.
Chicago residential brokerage firm @properties plans to open a new flagship office at 900 N. Michigan Ave. An official opening date has not yet been announced.
The Chicago Tribune reported on August 17 that Prudential Insurance Company of America is suing to have its named removed from the buildings and plaza at the corner of Randolph St. and Michigan Ave. The company cited an alleged $10 million overdue payment from Sterling Bay over naming rights…
If you are thinking what I’m thinking, you must be wondering, “What’s next?”
Chicago real estate management company The Building Group (tbg) will be hosting free webinar for association board members on September 1.
Ready, set, go! Although we’re all in a rush to bust out of our units, scream "Freedom" and get back to it, believe it or not, the real estate market, especially in our neighborhood, has not shifted drastically. In fact, the luxury market ($750K+) in the 60601 ZIP code has experienced an eig…
Activity on Chicago’s Cirrus and Cascade towers hasn’t slowed during the pandemic, bringing the neighborhood closer to a new park-like space and connecting it with the lake.
The Chicago Plan Commission approved the "Tribune Tower" Project on Friday, May 8, advancing the proposal to build the city’s second-tallest skyscraper to the zoning committee and City Council for final approval.
By Sheetal Balani, May 3, 2020 The world looks different these days. Our homes have taken on a new meaning. My home has become my workplace, home-school for the kids, fitness studio, and hair salon. Just ask my husband, who is now our kids’ stylist! This adjustment to the “new normal” gives …
By Daniel Patton, March 12, 2020 Alderman Brendan Reilly and Related Midwest President Curt Bailey unveiled a new proposal for 400 N. Lake Shore Drive at the Hotel Intercontinental on March 10. Speaking at a forum hosted by the Streeterville Organization of Active Residents (SOAR), the off…
The seven-story, 42-unit ‘boutique condominium’ across from the West Loop’s Skinner Park is one step closer to reality, according to developer JK Equities.
by Urban Real Estate The Chicago-area housing market is showing strength, as sales and median prices increased for a second consecutive month after a slow 2019. In the city, 1,427 homes sold in January, according to data released by real estate trade association, Illinois Realtors. That w…
by Urban Real Estate Last February, in the heart of a cold Chicago winter, we focused on a story about organizer-extraordinaire Marie Kondo (from the Netflix hit “Tidying Up with Marie Kondo”) and her philosophy of “choosing joy” when it comes to deciding on which items to get rid of while d…
New laws add complexity to going at it alone by Urban Real Estate This past November, the Cook County Board of Commissioners adopted a set of rules known as the Just Housing Amendment, which went into effect December 31, 2019. Essentially, the tenant screening process is two-steps: First, th…
by Urban Real Estate The time to move is now. The interest rates are low. The New Eastside neighborhood is hot, although the temperature outside is not. If you are thinking of buying, selling, investing or leasing, think now. According to a recent Housingwire.com report, “Low mortgage rates…
by Jacqueline Covey Several skyscrapers marching upward in New Eastside and Streeterville will soon add thou- sands of square feet of residential, hospitality and retail space. Vista Tower, sisters Cirrus Condominiums and Cascade Apartments, Tribune Tower and an upcoming hotel and apartm…
by Sheetal Balani Winter is coming. Whether my “Game of Thrones” reference made you smile, the chill of winter can translate to a challenging real estate market. But life doesn’t stop between Thanksgiving and February. In all twelve months of the year, job changes occur, families grow, and …
By Mat Cohen While overlooking companions playing in Bennett Park, dogs enjoyed treats, their own photo booth, a plethora of tennis balls and a warm pool to think about jumping in. The annual Doggie Dip hosted at One Bennett Park Apartments on Oct. 26 offered much to see and do for dogs and …
by Stephanie Racine and Elisa Shoenberger University of Chicago Medicine will open a state-of-the-art clinic at 355 E. Grand Ave. in Streeterville in early 2020. The 42,000-square-foot center, which encompasses two floors, will house several medical departments. Primary care, urology, cardio…
By Elisa Shoenberger Hotel Chicago West Loop and Shirley Ryan AbilityLab have teamed up for an art show. In February, Hotel Chicago West Loop, 1622 W Jackson Blvd., opened an exhibit in the Annex showcasing the work of 10 patient artists from the AbilityLab’s art therapy program. More than t…
Urban Real Estate The National Association of Realtors (NAR) last month released a consumer survey showing that more than half of those polled believe that this market presents a good time to buy. The Housing Opportunities and Market Experience (HOME) survey indicated optimism was abundant, …
(Published July 31, 2019) Developers broke ground in mid-July on the first hotel on Navy Pier. ACRON, a real estate investment firm; Maverick Hotels & Restaurants, a hotel management and development company and Navy Pier are developing the project. The property, scheduled to open spring…
(Published July 31, 2019) By Urban Real Estate Deciding how to invest in a condo remodel is always a balance between the improvements made for your own enjoyment and those made with the expectation that they will positively increase the value of a home. High-end finishes and appliances are a…
(Published June 30, 2019) By Sheetal Balani In the Summer of 2002, my husband and I purchased our first home together, a gorgeous brick loft in the heart of River North. Though we didn’t necessarily need a two-bedroom place just yet, we decided to stretch the budget and purchase a larger pla…
(Published May 30, 2019) By Urban Real Estate New Eastside real estate brokerage Urban Real Estate has continued to grow and expand its areas of giving through its “Urban Living — Urban Giving” initiative. In May, the Urban team proudly spent the day cooking lunch for families staying at the…
May 1, 2019 By Jesse Wright, Staff Write After a year of searching for the perfect new home, husband and wife team Robert and Dana Garvey are reopening Robert’s Pizza and Dough Company in Streeterville. Located at 465 N. McClurg Ct off the Riverwalk, Robert’s Pizza will continue the pair’s c…
(Published on April 29, 2019) By Urban Real Estate Chicago’s weather has historically played a role in the health of the local housing market. Better weather has created more desire for buyers to get out and see what’s out there — and, by contrast, snowstorms and colder temperatures have kep…
(Published April 3, 2019) By Stephanie Racine, Staff Writer London-based Hoxton Hotel opens in West Loop By Stephanie Racine, Staff Writer On April 2, The Hoxton, a London-based hotel chain, opened doors in West Loop, on the corner of Green and Lake Street. With 182 guest rooms, The Hoxton i…
By Urban Real Estate A new year has brought a wait-and-see attitude as the national climate, interest rates and a major local mayoral election bring some pause to buyers and sellers looking to make their next move. Chicago City Hall, the future of the city’s pension plan and property tax pro…
By Jesse Wright, Staff Writer With work wrapping up, developers of One Bennett Park said residents of the upper floor condominiums will begin moving into the property in March. Floors one through 39 opened in November. The 70-story project gives Streeterville one of the tallest buildings in …
By Urban Real Estate Winter in Chicago is the perfect opportunity to stay inside and tidy up. With the popularity of organizer-extraordinaire Marie Kondo’s Netflix hit “Tidying Up with Marie Kondo,” many are turning closets inside-out with the goal of finding happiness while decluttering. …
By Urban Real Estate Each year, we set out a list of resolutions and goals — things to achieve in the new year — but some goals are more important than others. One important goal is understanding what your real estate aims are and deciding where you want to go and how you want to get there. …
By Urban Real Estate The New Eastside has become a cornerstone in the city of Chicago for luxury, elegance and community. The Chandler is no exception, bringing to life some of downtown’s most magnificent residences. Making news this month is a new listing at the coveted 450 E. Waterside add…
By Urban Real Estate Chicago has historically remained a steady market for home buying and selling as residents have often made Chicago home (versus other markets where second home investing was more prevalent and often also the first to feel the impact of a distressed marketplace). That sai…
By Stephanie Racine, Staff Writer Downtown Chicago is booming for hotels. In the last month, the Hotel Julian opened in the New Eastside while in the Streeterville area, Aloft opened a new hotel and the Red Roof Inn opened the St. Clair Hotel. These properties offer hundreds of new rooms for…
By Urban Real Estate October 2, 2018 The brokers at Urban Real Estate have been involved in giving back to the community and the housing industry since the organization’s inception more than twelve years ago. It is a goal shared by the brokers, as well as the partners, to give back where the…
Staff report In late September, Alderman Brendan Reilly announced that Magellan Development agreed to work a number of public improvements into their project at 193 North Columbus Drive, commonly known as Parcel O. The public improvements came from a public meeting held with the New Eastside…
By Jesse Wright | Staff Writer Published Sept. 4, 2018 More green space and three towers are planned for the I, J, K and L sites in Lakeshore East. A year after the initial proposal was unveiled for the Lakeshore East development, Alderman Brendan Reilly (42nd Ward) and developers met in Aug…
By Urban Real Estate Join Urban Real Estate for its first-ever Urban Furever Home Pet Adoption event, with partner One Tail At A Time Dog Rescue, a no-kill, all-breed dog rescue. On Aug. 26, from 1–3 p.m. the New Eastside real estate brokerage will be hosting the event on the first floor of …
By Urban Real Estate Published August 1, 2018 Join Urban Real Estate for its first-ever Urban Furever Home Pet Adoption event, with partner One Tail At A Time Dog Rescue, a no-kill, all-breed dog rescue. On Aug. 26, from 1–3 p.m. the New Eastside real estate brokerage will be hosting the e…
By Urban Real Estate Published July 4, 2018 This New Eastside home for sale was not picture-perfect overnight. For many, the idea of getting a home this ready can seem overwhelming. The reality is, with the right broker, it isn’t hard — but it is important. In 2017, the National Association…
By Urban Real Estate For many years in the Near North Side and our New Eastside neighborhood, renovation options included constructing features like smarter floor plans and adding standard in-unit conveniences like washer and dryers. Some residences offered better outdoor space, along with f…
By Urban Real Estate Whether you’re buying or selling property, the robust summer real estate market makes this upcoming selling season a unique opportunity for those on the fence about entering the market. In April, the National Association of Realtors (NAR) reported a climb of 1.1 percent …
By Urban Real Estate In the full swing of another spring in Chicago’s real estate market, the climate has slightly changed from recent years and yes—it will make a difference. In the first quarter of the year alone, mortgage rates have increased to a four-year high. Paired with a critical sh…
By Urban Real Estate Published March 13, 2018 The New Eastside’s very own Urban Real Estate is again the number one real estate office in our community, selling over $23 million in our neighborhood. The data, compiled by the regional Multiple Listing Service, Midwest Real Estate Data (MRED),…
By Taylor Hartz Staff Writer Dec. 15, 2017 Ald. Brendan Reilly (42nd) rejected the proposed development of three buildings in Lakeshore East known as the “IJKL” parcels on Dec. 13. The highrises, proposed by LendLease and Magellan Development Group earlier this year, would have added 1,40…
By Urban Real Estate November 15, 2017 Over the years, New Eastside’s Urban Real Estate has made charitable gifts to many local organizations focused on bringing services to Chicago’s citizens who need it most. With the season of giving approaching, one group in particular is making a differ…
By Nicole VandeBoom | Staff Writer November 15, 2017 After beginning the construction of its upper school in July, GEMS World Academy Chicago’s plans have changed. The building height has been reduced from 206 feet to 144 feet, eliminating the proposed pool and balcony area. Removing the poo…
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