Aon Center leadership and project developers on Thursday celebrated the grand opening of the building's newly renovated South Plaza, which features seasonal landscaping, lounge seating and tables for dining, along with fire pits expected to debut next week.
The Drake Hotel is for sale and, according to sources, could bring as much as $250 million. The iconic spot on the Magnificent Mile has been host to celebrities, world leaders and tourists. Princess Diana, on her first and only trip to Chicago, stayed in the president's suite which is now re…
The first residents have moved into Cascade, a 37-story, 503-unit luxury apartment tower at 455 E. Waterside Drive in Chicago’s Lakeshore East neighborhood. Developed by Lendlease, a leading global real estate group, along with co-developer Magellan Development Group, the opening coincides w…
Phoenix Development Partners announced that the city will soon receive a 350 guestroom dual-branded hotel complex at the historical 117-year-old site of the former headquarters of the Chicago & North Western Railways, 226 W. Jackson.
It's like comparing apples and oranges but there are a lot of similarities between the newly opened Greek restaurant Avli in Lakeshore East and the recently opened, May 26, Pendry Chicago. Located in the loop (230 N. Michigan), the Pendry is a re-imagination of the iconic 1920s era Carbide a…
Hotel Essex, a landmark luxury hotel located at 800 S. Michigan Ave, has rebranded as Le Méridien Essex Chicago but will continue to operate independently until officially becoming part of the Marriott Bonvoy family of properties this summer.
The public is invited to join a virtual community meeting at 6:30 p.m. Thursday, April 8, for the proposed RIU Plaza hotel on 150 East Ontario.
Chicago West Loop has begun construction on a 42-unit luxury condominium that is predicted to be completed by summer/fall 2021.
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.
Lakeshore East residents can expect new neighbors this summer as developers Lendlease and Magellan Development Group join forces to top off the 455 E. Waterside Drive and 211 N. Harbor Drive towers, adding two new luxury residential buildings to the mix as well as the new Cascade Park, a pub…
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 …
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