Multifamily N Illinois
Infamous Chicago Spire site to get two-tower development

Infamous Chicago Spire site to get two-tower development

The veil has finally been lifted on the development plans for 400 N. Lake Shore Drive. What was once to be the site of the Chicago Spire will now feature two soaring towers with a mix of a rental, condo and hotel uses. Representatives from Related Midwest, Skidmore, Owings & Merrill (SOM) and Kimley-Horn & Associates joined 42nd Ward Alderman Brendan Reilley at the Sheraton Hotel last night to present the plan to area residents. 

Multifamily N Illinois
Alta Roosevelt open for leasing

Alta Roosevelt open for leasing

Alta Roosevelt, under construction at 801 S. Financial Place in Chicago’s South Loop, has begun leasing. Property owner Wood Partners worked with architect Pappageorge Haymes Partners to ensure that no detail was overlooked in the 33-story, luxury residential high-rise, from the spacious lobby to the unrivaled amenities spaces.

Multifamily N Illinois
Kiser Group’s inaugural Mid-Market Summit was held at City Winery in Chicago’s Fulton Market neighborhood on May 9, 2018.

Kiser Group hosts mid-market summit

Chicago-based brokerage Kiser Group last week hosted a Mid-Market Summit, drawing approximately 175 professionals to the City Winery in Chicago’s Fulton Market District. Attendees heard industry remarks and panel discussions from seasoned veterans as well as disruptors all working to enhance Chicago’s multifamily market.

Multifamily N Illinois
Spring weather brings swirling winds to apartment market

Spring weather brings swirling winds to apartment market

In a recent letter to Berkshire Hathaway shareholders, Charlie Munger penned that the company’s future leaders would likely be unable to generate the type of returns he and Warren Buffet delivered.  He argued that it wasn’t because their future managers wouldn’t be as talented, but rather because, “It doesn’t matter how good of a fisherman someone is, if the pond is fished-out or if there are already 200 lines cast in the water, it’s really hard to catch a big fish.”

Multifamily N Illinois
Belgravia Group recently celebrated the topping-off of its 18-story Renelle on the River luxury condominium building with a beam-signing ceremony on site at 403 N. Wabash Avenue, in Chicago’s River North neighborhood.

Renelle on the River tops out in Chicago

Belgravia Group celebrated the topping-off of Renelle on the River with a beam-signing ceremony on site at 403 N. Wabash Avenue, in Chicago’s River North neighborhood. The developer’s 50-unit luxury condominium building along the Chicago River is scheduled to begin closing homes in early 2019.

Multifamily N Illinois
The signed and decorated 2,856-pound steel girder makes its way to its final position at the 70-story One Bennett Park.

Chicago's One Bennett Park places final steel beam

Developer Related Midwest and general contractor Lendlease this week marked the completion of structural steel work at One Bennett Park, Related’s ultra-luxury residential development at 451 E. Grand Avenue in Chicago’s Streeterville neighborhood. Designed by Robert A.M. Stern Architects (RAMSA), with an adjacent park by Michael Van Valkenburgh Associates, it is slated to be Chicago’s tallest all-residential tower when completed next year.

Multifamily N Illinois
Lakeview TOD development opens up pre-leasing

Lakeview TOD development opens up pre-leasing

Chicago-based Spaces Real Estate has initiated pre-leasing at Clarkview Apartments, an upscale rental community at 3226-28 N. Clark Street in Chicago’s Lakeview neighborhood. The seven-story building will feature 24 luxury apartment homes and over 2,500 square feet of street-level retail. The project was co-developed with Meta Properties, Glascott and Associates and Metropark LLC.