New Developent Around Chicago Area at Highest Level Since 2008
Posted by Helaine Cohen on
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…
1572 Views, 0 Comments
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.
A new, multi-family residential tower will soon be coming to the South Loop. Joining in with a number of developers already constructing towers in the same part of Chicago, Golub & Co. teamed has with a mixed-use complex owner to construct the 41-story high-rise.
For more than two decades, the Magnificent Mile Lights Festival has been wowing kids young and old in Chicago, and 2015 is expected to be just as spectacular. This holiday tradition is planned for November 21, lighting up Chicago just days before the Thanksgiving holiday.
When it comes to Chicago’s top selling neighborhoods for condos and townhomes the answer is perhaps just as diverse as the city itself. While overall home sales within the city were up about 6.3 percent for August 2015, the sales were widely spread out across a number of unique Chicago neighborhoods.
If you’re looking to satisfy your sweet tooth this Halloween, you’re in luck because Chicago is loaded with fun and unique candy stores. We went in search of some of the city’s best and found plenty to choose from, with
The City of Chicago is continuing to see cash sales decline in terms of real estate. In fact, just released cash sales data from the month of June shows the trend could continue, and predicts what that means if it continues its downward trend for the next couple of years.  
Rivaling some of the tallest towers in Chicago, a new tower is planned for the city’s South Loop. Helmut Jahn is the architect designing the 86-story tower, planned to go in at 1000 S. Michigan Avenue. When constructed, it will be one of the tallest towers in all of Chicago.
A brand new tower proposed for the South Loop neighborhood could literally re-shape the city’s skyline. Designed by architect Rafael Vinoly, the tower planned for 113 E. Roosevelt Road is expected to be a whopping 76-stories tall. Even more remarkable, though, is that the building could actually turn out to be twin skyscrapers going in on the southern edge of Grant Park, with the second tower possibly consisting mostly of condominium units.