Project ‘nowhere near ready for any hearings,’ Hopkins says By Patrick Butler When Ald. Brian Hopkins [2nd] told a standing-room-only crowd at a July 18 community meeting that “this is only the beginning” and a decision on the Lincoln Yards project “will take as long as it will take,” he […]
Developments
Three North Side aldermen and a planner and designer have publicly produced a financing plan that could raise enough funds to buy, clean up and develop some of the hottest real estate in the city to a real park on the east bank of the Chicago River
Chicago aldermen are proposing new rules in an effort to curb gentrification and maintain affordable housing in the area for residents nearby the 606 trail.
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The Home Builders Association of Greater Chicago (HBAGC) presented “Navigating the New ARO” on May 28th to a packed room at the Dream20 Showroom in the Merchandise Mart. The City of Chicago’s Affordable Requirements Ordinance requires residential developments that receive city financial assistance or involve city-owned land to provide a percentage […]
Wilmette-based real estate firm Terraco has recently purchased the Megamall site on Milwaukee, north of Fullerton. The building which housed an indoor flea market, is going to be razed with potential plans of retail spaces, anchor stores and potential apartments. This is the same site that the city and local […]
Developer Garrett Kelleher has reached an agreement with his largest creditor, Related Cos., over a financing plan that would allow him to keep control of the Chicago Spire site and potentially search for construction financing
(Crain’s) Steve Fifield is pushing a big idea for the West Loop: Millennium Park West. The Chicago developer has been pitching anyone who will listen about his $300 million proposal to build a 15-acre park over a stretch of the Kennedy Expressway running from Lake to Adams streets. He’s convinced […]
The largest creditor on the Chicago Spire is turning up the heat on the failed project’s developer. An affiliate of Related Cos. sued Garrett Kelleher, the Irishman who started and then aborted the condominium project, demanding that he fulfill a personal guarantee he signed to secure a loan for the […]
Mayor Rahm Emanuel and Whole Foods plan to open a new location in the Englewood neighborhood, an area which has seen minimal quality retail for several decades. Though opposition says that the store and its prices will have a difficult time connecting with consumers, Whole Foods plans to follow the […]
The Developer of Central Station in the South Loop neighborhood, Crescent Heights Inc, who purchased a few acres in the near South Loop neighborhood south of Roosevelt, is proposing a new exit from Lake Shore Drive at 16th Street. Currently there is no exit between Roosevelt and 31st St. This […]
The development group will be focusing on resuming construction at the 27 story Waterview Tower, which has remained unfinished since work was stopped on the project in 2008. The development group, led by Related Cos., will close on a $115 million dollar construction loan from Bank of American and US […]
As reported yesterday in Crain’s, the redevelopment for the Rosenwald Courts building, in the Bronzeville neighborhood has been approved, 7-1, and is set to received up to $25 million in tax-increment funding (TIF). The development which will hold 331 units, will have 18 market rate apartments with the remaining homes […]
The Chicago Plan Commission on Thursday approved a 269-unit apartment project in the Boystown/Wrigleyville that drew opposition from twelve area condo associations, local community groups and business organizations. The proposal which compromises of a 12 and 15 story building have been heavily debated by local residents, some of whom say […]
There is a lot of talk in the Wicker Park / Bucktown neighborhood in Chicago with what could add more development into the area and intersection already undergoing many changes. A joint venture of Donald Wilson and Chicago-based hotel developer AJ Capital Partners recently bought the note on the distressed […]
(Crain’s) — Four development teams have made the first cut in the competition to redevelop the Children’s Memorial Hospital property in Lincoln Park, a parcel coveted by developers for its location and size. Nine groups submitted proposals for the six-acre site in December, but Children’s Memorial released a short-list Friday […]
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There has been a lot of talk about [Aqua], especially recently with news of Radisson opening up a Blu hotel on-site. Originally published at https://realtyevolved.net by Sherwin Sucaldito
Downtown builders sold 256 condos and townhomes in the first three months of the year. Originally published at https://realtyevolved.net by Sherwin Sucaldito