August 2016

Found 8 blog entries for August 2016.

Chicago Events in SeptemberWith Labor Day Weekend just around the corner, the unofficial end of the summer season is fast approaching. But just because the end of August has arrived and it's almost time to say goodbye to what's been a fabulous summer here in Chicago, there's still plenty to see and do before the cold weather settles in. And to get a better idea of what's happening all around the downtown Chicago area over the next several weeks, take a closer look at just some of September's highly-anticipated events and festivals. 

Venetian Night- Sept 10 

Grab your camera for an illuminating evening on Navy Pier with the longstanding Venetian Night festival. For more than 50 years brightly lit boats have floated Chicago’s lakefront to the delight of locals and visitors

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South Loop New ConstructionAfter two years of being marketed as lab and office space a South Loop warehouse building is now going residential. The six-story building, located on the southeast corner of East 21st Street and Wabash Avenue, hasn’t had a tenant since L’Oreal vacated in 2014.

New plans aim at giving the 19th century building a new shot as a residential building with retail located on its ground floor.  The project at 2101 S. Wabash is set to include a total of 43 residential units, bringing with it new options in living to the South Loop.

According to recent reports the project seeks a special use permit in order to decrease the number of off-street parking spaces that Chicago code currently requires for residential structures. To get around the need for

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Sienna Flats RentalsWith a select number of boutique apartments, Sienna Flats offers the luxury of open floor plans and high ceilings. The 50 flats are outfitted with common design features including stainless steel appliances, European-style cabinetry, plank flooring throughout and exposed concrete ceilings. As well, the homes feature walk-in closets and walls of windows.

The building features four different one-bedroom, one-bath floor plans as well as eight floor plans of two-bedrooms, two-baths, with some including a private terrace. The units range from around 740 to more than 1,400 square feet in size. With contemporary design features this Streeterville neighborhood also enjoys a wealth of opportunity.

Sienna Flats is close to dining, shopping and more along the

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Chicago Apartments For RentDespite a recent boom in the construction of new residential towers, it still appears Chicago may be lagging behind other large cities when it comes to new apartments. According to RentCafe’s analysis of the top cities when it comes to the number of new apartments delivered this year, Chicago comes in at number 14 behind such cities as Dallas, Houston, New York and Los Angeles.

Even so, the Chicago area expects to gain more than 8,300 new rental units in 2016, with a large number of them located in downtown. Already new apartment towers have opened with the addition of Marquee at Block 37 and Wolf Point West, bringing a total of 1,200 new apartments to Downtown Chicago. That’s encouraging news for Chicago’s rental market, which has been moving at an

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Riverline Chicago CondosWhile the new mega tower dubbed Vista Tower has been getting a ton of headlines recently, another massive new development is also about to get underway in Chicago soon as well. According to recent reports, developers CMK Companies and Lendlease are planning to break ground next month on Riverline—a massive new project that will bring 3,600 new residences to the South Loop once finished. 

If you haven’t already seen the renderings, the new riverfront project is certainly a jaw-dropper to say the least, not to mention one of the largest and most ambitious new projects to be developed in downtown Chicago in quite some time. Riverine will encompass about 14 acres and is designed by Perkins+Will. 

The first phase of Riverline will include two towers, 60

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900 Washington Condos One year after releasing a plan for a new luxury West Loop condo building, developers have come out with a new proposal, with few visible changes from the original plan. The project is proposed to go in at 900 W. Washington Boulevard, designed by the architectural firm of Northworks.

While the old plan called for 24 units, the new proposal includes 22 units. The new design also includes one less parking space than originally proposed. Perhaps the biggest difference is with the building’s exterior, once specified as a stained or dark painted concrete but now changed to a composite stone that’s more fade-resistant. The Dekton material should help the building stand up better to the elements.

A parking garage on the main level of the building may include

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403 N. Wabash Chicago CondosThe newest riverfront condo project coming to River North now has a name and we’re beginning to learn more details about what it will entail. Officially named Renelle on the River, 403 N Wabash is set to stand 17-stories high with 45 residential units. Priced starting at $1.6 million and going up to $3 million for some of the top penthouse units, the building offers river views, located just steps to the north of Trump Tower. 

A project of Belgravia Realty Group, the building has not been without controversy. Some have argued the height needs to come down to just 16-stories and have also suggested a design change. Several months ago some residents of a nearby building received flyers encouraging them to oppose the project for its location and for

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Chicago Real Estate Market UpdateNow that we’re in the height of summer in Chicago, we thought now might be a good time to take a look back at how the market fared through the busy spring season. Nationwide, new construction housing starts surpassed expectations for the 2nd quarter, with residential starts reportedly increasing by 4.8% from May to June. 

Locally, Chicagoland home sales in May increased by a whopping 13.8% compared to May of 2015, while the number of days homes were sitting on the market declined by about 4% overall. The Median home price in the nine-county Chicagoland area increased by just over 4% in June, which is now listed at $231,000. 

In Chicago specifically, the median sales price also spiked from $280,000 in June 2015 to $289,450 in June 2016. Furthermore,

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