116 results for “river point”
Multifamily N Illinois

First look inside Wolf Point East

The first residents have taken residency at Wolf Point East, the 698-unit luxury apartment building going up at the confluence of the Chicago River. The project is a development of Hines, Wolf Point Owners LLC and the AFL-CIO Building Investment Trust.

CRE N Illinois

On the Corner: Clark & Washington

| Peter Holstein

The story begins in a basement at the corner of Clark and Washington. Even better, in the Torrens Vault of the Cook County Building. The vault is tantalizingly archaic and contains thousands of handwritten corner stories going all the way back to the beginning. Lines and lines which once passed as everyday penmanship now to us post-millenni…

Office N Illinois

Turning the modern office on its side

| Matt Baker

For 25 years, Chicago was home to the world’s tallest building. Bigger is still better for today’s office tenants—just not necessarily taller. Looking to offer the large floor plates that users crave, one megadevelopment will incorporate something unique to the city: the sidescraper.

CRE N Illinois

River North property closes for $4.3 million in Chicago

Chicago-based 5M Group, Inc. has closed on the sale of 720 N. Wells Street in Chicago’s River North neighborhood. Mark Reiter and Paul Nelhart of 5M Group brokered the $4.3 million sale on behalf of the seller, a family trust. The buyer intends to hang their private art collection and to lease out the space for not-for-profit use.

Multifamily N Illinois

First look at Wolf Point East amenities

Developer Hines has unveiled new amenity renderings of Wolf Point East, the luxury rental tower now under construction at the convergence of the Chicago River branches in River North. Wolf Point East sits above a four-acre riverfront park and as the renderings show, tenant offerings don’t stop at downtown views.

Multifamily N Illinois

Not a passing craze: Deconversions still strong in Chicago

| Matt Baker

There were two major condo deconversion deals announced in Chicago at the close of 2018: Kiser Group’s deconversion of the 250-unit Flats on LaSalle and the sale of River City, the largest such deal for the market at 449 units. Since then, however, news of these condo-to-rental deals has been slow. Is this a sign that the trend itself is st…

Office N Illinois

Chicago cruise lines open downtown headquarters

Two local cruise lines—Chicago’s First Lady Cruises and Mercury, Chicago’s Skyline Cruiseline—have opened their new corporate headquarters in downtown Chicago on the 15th floor of 303 E. Wacker Drive. The new headquarters is steps away from the cruise lines’ docking area on the city’s vibrant Riverwalk and a convenient walk from Chicago’s F…

CRE N Illinois

CRE taxes hit west side of downtown Chicago hardest

| Matt Baker

Mid-April may be tax season here in the U.S., but for owners and occupiers of CRE properties, taxes are never far from mind. While Chicago’s real estate taxes have risen drastically over the past five years, the largest burden has followed downtown demand, out to the western submarkets.