November 2015

Found 8 blog entries for November 2015.

A proposal to construct Chicago’s third tallest tower is one step closer to reality.  The Chicago Plan Commission recently cleared the way for the Wanda Vista Tower, proposed for the New Eastside.  Located along East Wacker Drive, the massive development is expected to face the Chicago River.

Housing 410 condominium homes and 210 hotel rooms, the tower is planned to stand 1,186 feet tall with 89 stories.  It’s also expected that the project will include some bars and restaurants.

If all goes through, that would surpass the Aon Center, currently the city’s third tallest tower.  With an exterior made up of varying shades of glass, the Wanda Vista Tower will actually include three towers of different heights, rising from east to west.

Jeanne Gang, of the Studio

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Chicago Home BuyersWhen it comes to home sales for 2015 it seems that the suburbs, single-family residences and larger homes were all at the top of the wish list.  That’s according to nationwide data on home sales from January through late November.

Most buyers, 83 percent to be exact, chose to purchase single-family homes in 2015.  For a lot of people, though, it appears they were simply trading homes.  Only about 16 percent of buyers over the year purchased new construction homes.  That number has stayed relatively steady for the past several years.

It also turns out that more than half of home buyers settle in the suburbs.  According to nationwide research, 52 percent of home sales for 2015 were in the suburbs and just 14 percent were located in urban areas.  Another 20

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Navy Pier Ferris Wheel Permits IssuedThe Navy Pier’s newest Ferris wheel has the green light from the City of Chicago.  This means the current Ferris wheel can come down to make way for a larger one.   The newly issued permits include replacing the Ferris wheel with a new one, plus installing a new loading deck, new canopy and landscaping.

It’s expected that the new Ferris wheel will be about 50-feet taller than its predecessor, with 42, temperature-controlled carriages.  The new and improved Ferris wheel is part of a plan to help celebrate the 100th birthday of the Navy Pier in summer 2016.  The most popular of all tourist attractions in the entire State of Illinois, in 2014 alone, an estimated 8.5 million people visited Navy Pier.

As well, the Pier itself will also soon undergo a number of

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230 W. Division Condos For Sale, Chicago IL

Chicago offers some of the best in high-rise living anywhere, and the Venetian of Old Town is among the most favored given its optimal location and fabulous living spaces.  Located at 230 W Division, this grand building includes a total of 88 residential units over its 16 floors, allowing for plenty of attractive opportunities for anybody who may be looking for that highly-sought after high-rise lifestyle here in the heart of Old Town.

As one of the largest condo developments in Old Town, The Venetian offers a number of different floor plans, including deeded parking for the convenience of residents.  Constructed in 2004, the homes also offer hardwood flooring, private balconies, top graded stainless steel appliances and some built-ins as well.

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South Loop New Construction Development A massive new residential project is planned for the South Loop.  If it all goes through, the $3 billion Gateway project is expected to include thousands of new residential units for the Chicago area, mostly condominium homes.  The project by Chicago developer Gerald Fogelson is planned to be constructed over the train tracks sitting near the Field Museum and Soldier Field.

It is expected that the development will include 3,000 condos plus around an additional 500 hotel rooms.  Right now few details have been released about the homes.  Reportedly, though, the units will include unobstructed north and east views.  This area is located on the western side of Lake Shore Drive, between McCormick Place and Roosevelt Road.

Right now the developer, along with

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1400 S. Michigan Condos For Sale Known for its grand finishes and abundant features, 1400 S. Michigan maintains its status as one of the most luxurious condo buildings available in Chicago’s South Loop.  This exquisite building was completed in 2008, with varying floor plans ranging from impressively appointed studios to spacious, four-bedroom penthouses with all the bells and whistles.  All units within Michigan Avenue Tower II feature nine-foot ceilings, floor-to-ceiling windows, private balconies and hardwood flooring.

The tower also includes a 24-hour doorman, an outdoor swimming pool with sundeck, an exercise room and more.  As well, the building also includes a clubroom for residents to rent out for private use.  In addition, the tower is just steps away from some of Chicago’s most

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New Construction Chicago Construction is booming in Chicagoland right now!  In fact, according to a new survey by MetroStudy looking at the third quarter of 2015, the rate of construction is at its highest annual level since the third quarter of 2008.  The 12-month period, which ended in the third quarter of 2015, included starts of more than 6,100 new units.  These included townhomes, duplexes and single-family, detached homes.

In addition, the trend is looking positive for both home starts and home sales.  While the number of home starts is up nearly 10 percent when comparing those started in third quarter of 2014 to the same time period of 2015, the number of closes is down about five percent comparing the two time periods of 2014 and 2015.  Still, 2014 had the most closures of

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21 E. Chestnut Condos For Sale Chicago IL With access to some of the finest restaurants and shopping in the city, 21 E Chestnut also provides an affordable option for condo owners in the heart of Downtown Chicago.  This Gold Coast building includes living spaces that range from studios to spacious one-bedroom floor plans, and with a number of recently renovated units, the building is also known for its spacious layouts that are perfect for a wide range of today's city dwellers.

In addition, the building affords residents with plenty of lifestyle amenities as well, including a fitness center, 24-hour doorman, a rooftop swimming pool and sauna.  As well, the building also includes extra storage for residents, as well as a party room with great city views that are sure to impress all your friends and

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