Multifamily N Illinois
New luxury apartment building headed to Streeterville

New luxury apartment building headed to Streeterville

465 North Park, the luxury high-rise that is going up in Chicago’s Streeterville neighborhood, has begun pre-leasing ahead of an August delivery. Developed by Jupiter Realty Company, on behalf of owners MetLife Investment Management and Allstate, the buildingis located at Illinois Street and Park Drive just steps from Lake Michigan and the Chicago River.

Multifamily N Illinois
Wicker Park Connection II welcomes first move-ins

Wicker Park Connection II welcomes first move-ins

The first residents have begun moving into Wicker Park Connection II, a 15-story, 146-unit apartment development in Chicago’s vibrant Wicker Park neighborhood co-developed by Chicago-based Hubbard Street Group and Centrum Realty & Development. Luxury Living Chicago Realty is serving as the exclusive marketing and leasing brokerage for the new transit-oriented development at 1640 W. Division Street, the second phase of the Wicker Park Connection project.

Multifamily N Illinois
Pre-Leasing begins at Chicago's Viridian

Pre-Leasing begins at Chicago's Viridian

Vermilion Development has begun pre-leasing at Viridian on Sheridan, a new luxury rental development at 734 W. Sheridan Road in Chicago’s Lakeview neighborhood. Luxury Living Chicago Realty is the exclusive marketing and leasing brokerage for the 10-story, 100-unit building, while RMK Management will manage the property.

Multifamily N Illinois
Avison Young negotiates 268-unit Kennelly Square condo deconversion in Chicago

Avison Young negotiates 268-unit Kennelly Square condo deconversion in Chicago

Avison Young has completed the sale of Kennelly Square, a 268-unit condominium building located in the Old Town neighborhood of Chicago. The buyer, Strategic Properties of North America, has plans to convert the units into rental apartments. This strategy reflects a growing trend in Chicago’s multifamily market as investors and developers identify opportunities to meet strong demand for rental units.

Multifamily N Illinois
Developer abandons Chicago's South Works project

Developer abandons Chicago's South Works project

The planned development on the former U.S. Steel site on Chicago’s far south side will not go forward. Irish developer Emerald Living has announced their departure from the project, which was a joint venture with Spanish firm Barcelona Housing Systems. The statement suggested that site remediation efforts required to clean up the site would be cost-prohibitive.