August 2011

Found 12 blog entries for August 2011.

Spacious 33 West Huron, #810 "Wowing" Luxury Homebuyers 



The Baird & Warner Luxury Portfolio has just added 33 West Huron Street, Residence 810 to its exclusive downtown Chicago inventory. This boutique mid-rise building, positioned right across the street from Whole Foods and in the heart of the River North neighborhood, defines spacious, comfortable living in one of Chicago’s most lively locations. The wide-open floor plan and roomy chef’s kitchen allow for the best in the entertaining of numerous houseguests and the 2nd level living space that includes a wet-bar certainly adds to this dynamic. And despite3,100 square feet of lavish living space, 33 West Huron Unit 810 contains 3 separate fireplaces, allowing for this sizeable Chicago condo to

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400 E. Ohio Offers More Space, Great Amenities at Lower Cost

While many condo buyers in Chicago want new construction and all the latest and greatest updates, many other Gold Coast and Streeterville properties offer more space at a tremendous value, only in an older, more classic Chicago high-rise. Take 400 E. Ohio in the Streeterville neighborhood of downtown Chicago, for example. This 181-unit skyscraper was originally built in 1982, and though it may be a bit old, 400 E. Ohio still offers many of the same great amenities as other newer, more expensive Streeterville real estate just down the block. When searching for the right condo or loft in Chicago, isn’t much of the priority about location, location, location? Well, 400 E. Ohio offers residents a

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Chicago Real Estate Website Offers Easy Search Features

computer-frustrationBuying, selling or renting real estate in Chicago can be a very complex and time-consuming process. When homebuyers are in the market for a downtown Chicago condo or rental property, eliminating as much confusion as possible can be crucial in securing a new home. The Chicago rental market is perhaps the hottest we’ve ever seen, so moving quickly and efficiently will especially work to a buyer or renter’s advantage. But what if the real estate websites you’re visiting are hard to navigate or simply not providing you with the necessary information for you to determine what Gold Coast condo or Streeterville rental is right for you? Knowing exactly what Chicago realty websites to visit and how to

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…But How to Quickly Find a Short Sale Like 4514 Ashland is the Question

Chicago’s real estate market is especially challenging in today’s times and sellers are taking aggressive measures in making sure their short sale property in Chicago is appropriately listed and made available to as many potential buyers as possible. Whether it’s creating a property blog site or marketing the property using various other internet platforms, it’s becoming clear that going the extra mile may be to some sellers’ advantage in this competitive Chicago short sale market. A perfect example of this hard line strategy is the simple, yet beneficial seller blog-page I noticed that promotes 4514 N. Ashland: a very nice 2 bedroom/2 bathroom condo in the highly desirable

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It's That Time of Year Again in Chicago's Gold Coast

Mark your calendars and join Chicago's Gold Coast neighborhood for an evening amongst friends, food, and fun (weather permitting) during the 29th Annual Evening on Astor event to be held on Wednesday, September 7th.  The annual event begins at 5:30 pm and ends at 8:30 pm and is located on Astor Street, between Goethe and Banks.  

Since 1983 the Gold Coast Neighbors Association has been working hard in order to host the popular block party and fundraising event which continuously draws a crowd of 1,000+ Chicagoans.  Not only is this event free of charge, but it provides a forum for networking with neighbors, supporting the Gold Coast neighborhood, enjoying some of Chicago’s best cuisine, and

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Groupon to Purchase Chicago Landmark?

A recent report has linked Groupon founders Brad Keywell and Eric Lefkofsky as potential buyers to one of Chicago’s most historic skyscrapers, the Wrigley Building. The plan would be to move most of Groupon’s operations to 400 N. Michigan Avenue, while still occupy space at its current address, the former Montgomery Ward & Co. catalog building at 600 W. Chicago Avenue. Acquiring the Wrigley Building would actually serve a couple different purposes for the Chicago-based tech company: First, Groupon has largely outgrown its current space in Chicago’s Near North Side neighborhood and the Wrigley Building would provide ample space for not only the Groupon venture, but other tech startups funded by Keywell and Lefkifsky.

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South Loop Condos Staring at Foreclosure

South Loop real estateRecent reports from ChicagoRealEstateDaily.com confirm that two South Loop condo developments are facing foreclosure lawsuits after the developer, Sedgwick Properties Development Corp., first started defaulting on construction loan payments back in July 2010. The first of the Sedgwick properties, 180-unit Terrazio at 1935 S. Wabash, was originally planned strictly as a fee-simple building, but has since been leasing the remaining condos out in order to generate at least some operating income in the midst of the on-going housing crunch. In a separate lawsuit against Sedgwick, Amalgamated Bank of Chicago is seeking to recover what is still owed on a $60 million construction loan issued in 2005 for the 25-story

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Green Building in River North Neighborhood

Green Building in Chicago's River North NeighborhoodRiver North’s hottest new restaurant isn’t just serving some of the neighborhood’s best fast-service Mexican food, but is also leading a new wave of restaurant owners looking for ways to initiate “green-building” when developing a brand-new location.  XOCO, pronounced [sho-ko], is the newest endeavor by Rick Bayless, a well-known chef associated with Fontana Grill and Topolobampo, which are located right next door to Bayless’s newest creation. This new River North hotspot isn’t just turning heads because of the delicious Mexican-inspired menu, but also because it’s only one of 38 restaurants in the world to achieve LEED Gold Certification from the U.S. Green Building Council. What does this mean? Well, not only

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Doughnut Vault Taking River North by Storm

Chicago's River North newest hotspot

Recently opening up in the River North neighborhood is a very unique, and what appears to be, a very popular doughnut café establishment. Located at 401 ½ N. Franklin Street, just one block west of the Merchandise Mart Brown and Purple Line stop, the Doughnut Vault has taken the simplicity of a doughnut and a morning cup of coffee to a whole new level. The uniqueness of the Doughnut Vault comes from the stores odd, yet brilliant, hours system. Opening at 8:30 a.m. on Tuesday through Friday, the Doughnut Vault continues to serve its anxious patrons until they’ve literally run out of doughnuts for that day. Each morning, bakers at the “Vault” have a pre-determined amount of doughnuts they will make and once

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Chicago Rental Market Better Than Ever

Chicago Renters Feeling the PinchThe downtown Chicago rental market may be the best it’s ever been. At the beginning of the recession, now four years ago, rentals hit an all-time high in many Chicago neighborhoods. But now that the condo market is still struggling, real estate experts feel the Chicago apartment sector may become even stronger. According to a new Appraisal Research Counselors report, the average Class A (high-end) occupancy rate jumped to 95.6% in the second quarter of 2011; up from 93.9% in the first quarter. Landlords also felt the strong demand for high-end apartments in downtown Chicago as the average net-rent for a Class A building reached $2.43 a square foot in the second quarter this year-a figure that is up 6.1% from the

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