February 2011

Found 4 blog entries for February 2011.

With the announcement that Wal-Mart will open at Chicago's Loop Presidential Towers, right on the heels of last week’s news that Target will open on State Street in Chicago's Loop, the growing number of  people living in downtown Chicago are going to find running out for last-minute grocery items a whole lot easier in the near future. 

Wal-Mart planChicago real estates to open a small-scale version of its megastores, a concept Wal-Mart call “Neighborhood Markets.” The store at Presidential Towers, an apartment complex located at 555 W. Madison, will occupy 26,491 square feet on the ground level. It’s the first store of its kind for Wal-Mart in the greater Chicago. 
Wal-Mart will offer affordable prices on fresh produce, dairy, frozen foods, beauty supplies. There will

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South Loop offers new rentals

The Terrazio Condos located at 1935 S. Wabash may be the latest new construction project in downtown Chicago to transition to the rental market. While some of the rentals at 1935 Wabash have been marketed as early as August of 2010, it seems as if the few remaining for-sale homes in the building are now listed between $1,550 for a one-bedroom and $2,800 for two bedrooms. Searching this property on the MLS or popular real estate websites such as Trulia only bring up rental units and even the Terrazio website now contains “leasing information” rather than a sales page. This strategy is certainly nothing new to the Chicago real estate market as many other mid to high-rise buildings in the Loop and surrounding areas have

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This week Target announced it is opening a store in the Chicago Loop. For the area’s future as a business district as well as a residential community, Target makes great sense. Here’s why.

The Sullivan Center Is Good for Target

istock_000011479433xsmall_400Target will open the urban-style store, which it will call CityTarget, in the historic Sullivan Center at 1 S. State St. They have leased 124,000 square feet, with 54,000 devoted to selling space and the rest for merchandising support areas.

Chicagoans have a long history of shopping at this address. Formerly known as the Carson Pirie Scott and Company Building, the Sullivan Center was designed by famed architect Louis Sullivan as a department store. For than 100 years, Carson’s was an anchor of the Loop shopping district

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streeterville_real estate map

Neighborhood Boundaries in Chicago

Neighborhoods in Chicago have a history of changing names and boundaries. It’s just as true in the most affluent areas as it is in the bungalow belt. 

Cynics often blame realtors for stretching a neighborhood’s boundaries in a more favorable direction or giving it a fancy new name, but often residents themselves disagree about what to call where they live. 

Say, for example, you live on Chestnut, east of Michigan Avenue, in the shadow of the John Hancock Building. Would you call that area the Gold Coast? 

How about the buildings on Lake Shore Drive south of Oak Street Beach?  Are they also on the Gold Coast? 

And if you lived on Pearson, facing the backside of the Museum of Contemporary Art—would you call 

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