Tag Archives: Developments

Block 37 Tenants to Change Again

Written by: - September 17, 2009

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17 September 2009 ? The Block 37 project in the heart of the Loop has included a constantly shifting group of participants since its inception, at one time including Apple, who has since canceled its plans to open a retail store with the project. This week the Loews hotel chain announced its withdrawal, drawing claims […]

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How to Reduce Condo Supply: Sink the Spire and Convert Condos into Apartments

Written by: - August 14, 2009

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14 August 2009 ? The likely demise of the Spire along with other new construction buildings now being marketed for rent instead of sale continues to contribute to the reduction of Chicago?s housing inventory. Another nail in the Spire?s coffin is the lawsuit filed Thursday by Bank of America against the Shelbourne Development Group for […]

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Pearson On The Park to Be Foreclosed On

Written by: - July 29, 2009

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29 July 2009 ? PrivateBank & Trust Co. has filed to foreclose on Pearson on the Park (222 E. Pearson St.) a 219-unit condo conversion that as of late has been struggling to sell its remaining twenty percent of units. According to records found in MLS (Multiple Listing Service), three developer units have sold since […]

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Home Sales Down Just 19% in May in the Chicago Area

Written by: - June 24, 2009

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Home Sales Down Just 19% in May in the Chicago Area

I think there is light at the end of the tunnel. We can certainly see it in our showing activity and in the market. It’s still not an easy market or necessarily a fair market for all involved, but it is changing for the better. Statistics from Illinois Association of Realtors (IAR) definitely back up […]

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Paying For Green – Part 3 of Our Going Green Series

Written by: - May 8, 2009

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Paying For Green – Part 3 of Our Going Green Series

I’m going to assume that the family interested in going green does not have the cash available to pay for all the costs of an energy efficiency renovation all at once. You don?t want to use a credit card to finance the purchase, as the interest that you would pay makes the entire process much more costly than needed. So where can you turn?

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Five Things Buyers Should Know About New Construction Condos

Written by: - February 3, 2009

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Five Things Buyers Should Know About New Construction Condos

There’s a lot to love about a new building: the smell of fresh paint, the gleam of new stainless steel appliances, the anticipation of waiting for the cardboard protecting the walls of the elevator to be taken down so you can finally see what’s behind it, the excitement of people wearing hardhats carrying blueprints around […]

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Sears Tower to Lose Largest Tenant

Written by: - January 8, 2009

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Sears Tower to Lose Largest Tenant

CoStar is reporting that Ernst & Young have signed a 10-year lease for 203,618 square feet at The John Buck Co.’s new office development at 155 N. Wacker Drive. According to The John Buck Co’s web site, the 46 story, 1.13 million-square-foot office tower is scheduled to be completed in July of 2009. Costar is […]

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Daley Commits $2.1 Billion to Affordable Housing Over 5 Years

Written by: - January 8, 2009

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Daley Commits $2.1 Billion to Affordable Housing Over 5 Years

On Wednesday Chicago mayor Richard M. Daley announced a five-year plan to build 50,022 new, affordable rental and for-sale units over the next five years. The plan will cost $2.1 billion with the money coming from federal and state […]

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Apartments Instead Of Condos

Written by: - December 23, 2008

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Apartments Instead Of Condos

Rendering of the Proposed Development Near Halsted and North

The Sun Times is reporting that the proposed retail and housing development slated to go on the land where the New City YMCA used to stand at 1515 N. Halsted is, amazingly, still moving forward. The fact that the development, like so many others like it, has not been shelved is news enough. I found a couple of other bits of the article interesting.

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