Chicago Real Estate Blog - October, 2016

New McDonald's Campus Expected to Encourage More West Loop Development Moving Forward

Construction permits have reportedly been issued for the new McDonald’s headquarters in the West Loop, which will no doubt continue to transform the neighborhood even more so than the current development boom we’ve seen over the past few years. 

The McDonald’s project will span roughly a block wide and occupy the former Harpo Studios site, which was demolished earliest this year to make way for the new loft-like corporate campus that will now be home to one of the biggest players in fast food. 

Even with construction just getting started, the magnitude of the project is already being felt by both developers and anybody already living in the West Loop. Last month, renderings were released for a 50-unit condo project that is already being marketed as…

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Living Near Chicago's Millennium Park

Millennium Park is located near the New East Side and the Lakeshore East communities just steps from the Loop’s financial district. With Millennium Park being a 24.5-acre park and lakefront cultural venue that has become one of the most significant projects in the world thanks to its fascinating structures, living close by certainly has its advantages. Developed as part of a unique partnership between the City of Chicago and the philanthropic community, Millennium Park is a state-of-the-art collection of world-class sculptures, musical venues, and landscape design that makes it especially appealing in the summertime.

The park offers hundreds of free cultural programs, including concert exhibitions, tours, and family activities such as the Grant Park…

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Condos at The West Loop Collection Now Listed on the MLS

The insane development boom that’s consuming Chicago’s West Loop continues as we approach the end of 2016, with condos at the stunning new West Loop Collection now having found their way onto the MLS. Originally called BLVD at Green, the new condo development now dubbed the West Loop Collection will include 40 individual condo residences, which according to reports, will feature 20 single-level units with three bedrooms, 10 four-bedroom duplex penthouses, and 10 four-bedroom basement duplex units. 

In a neighborhood that’s starving for larger condos with expansive living spaces, condos for sale at The West Loop Collection should catch the attention of plenty of potential buyers, even despite the listing prices that range between $989,000 and $2.075…

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Near North Side & West Town Named Chicago's Top Selling Neighborhoods in September

The month of September is now in the books, which means numbers are just now starting to be released regarding how the market fared last month. According to Redfin, the Near North Side saw the highest number of sales in September, tallying 261 sales overall, which is good enough to be a 5.24% increase compared to a year prior. 

Chicago’s West Town neighborhood was a close second in total sales, hitting 151 sales overall for the month. However, that actually represents a 6.79% decline compared to September of 2015. If you’re wondering which two neighborhoods saw the largest year-over-year gain, Logan Square saw a 60% jump compared to September of 2015, while Streeterville wasn’t far off at a 59.18% increase in year-over-year sales. 

In terms of just…

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Condos at 2035 N. Orleans Quietly Hit the MLS

The condos coming to 2035 N. Orleans are now listed on the MLS, providing just a few more luxury options to anybody searching Lincoln Park condos for sale. 

In hopes to essentially re-purpose an old parking garage at 2035 N. Orleans, those behind the project are simply planning to gut the garage entirely, transforming its inside into ten fabulous condominium residences that will no doubt make for one of the more unique new developments in Lincoln Park. While the 1930s-era garage only stands three-stories high, the new condo building would actually rise five-stories off ground level, giving the perception that the glass-walled interior building rises behind the old structure, instead of from within.

A 15-foot gap between the second and third stories…

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An Updated Look at the West Loop Condos Proposed Near the New McDonald’s Headquarters

More than 50 luxury condos could be going in next door to the new McDonald’s Headquarters in the West Loop under a proposal just unveiled to nearby neighbors. The two, nearly identical buildings are slated for 19 N May Street and 1111 W Washington Boulevard as the massive McDonald’s corporate headquarters is going in where Oprah’s Harpo TV Studios once stood. 

The idea of the residential project is to bring more family-style, multi-bedroom condos to the West Loop, something neighbors have been asking for given the already existing supply of smaller rentals in the area with limited parking. This proposal consists of two parking spaces per condo unit, with the condos priced up to $500 per square foot.

In all, the proposal calls for each of the…

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