Category Archives: Loop

As condos convert to rentals, condo inventory falls

With more people renting than buying, condo developers are taking advantage of the trend, increasingly converting condos to rentals. As a part of that trend, there were only 174 Q1 sales of downtown condominiums, according to downtown developers and consulting firm Appraisal Research Counselors. That number represents a drop of 82 sales compared to the year prior.
While 174 condo sales mark a slight improvement compared to the prior quarter, it clearly isn’t digging developers out of all-time low numbers over the past five years. Even so, supply is slowly starting to …

by Liz SanFilippo on May 30, 2011

Chicagoans ‘In the Loop’ Shop in the Loop

For years, Chicagoans have spent their days working in the sky scrapers and mid rises of the Loop, and their nights….elsewhere.

The Loop has long suffered the stigma of being branded as a business center only. Dozens of major corporations, including up-and-coming Chicago-based businesses like Groupon and Grub Hub, have made their homes in the Loop. But relatively few retail centers and apartment complexes have followed suit.
But real estate experts suggest that that may be about to change. Several new retail centers have chosen to set up shop within the limits …

by Lindsey Anderson on May 27, 2011

DSW in Downtown Chicago

The real estate developer Joseph Freed and Associates LLC announced recently that DSW Shoe Warehouse, Inc., will be moving into a 26,000-square-foot retail space in downtown Chicago. According to Joseph Freed, DSW has already signed a lease for a two floors in The Sullivan Center on State Street.
DSW intends to occupy roughly 5,000 square feet on the first floor of the Sullivan Center, and an additional 21,000 square feet in the Center’s lower level.
This new retail branch will be directly across from a Target store—to be completed later this year. …

by Lindsey Anderson on May 27, 2011

Trend: Downtown Chicago rent at 2007 highs

The cost of renting in Chicago just continues to go up. Just weeks after news that one-third of Chicago renters spend half their income on rent, Crain’s is reporting that the cost of renting downtown apartments has reached 2007 levels. This trend is due, in large part, to landlords recognizing that demand far outweighs supply.
Rent in downtown Chicago now averages about $2.29 a square foot in the first quarter of 2011, a 2.7% increase over 2010 fourth quarter rates and a 6.0% increase compared to last year at this time. The …

by Liz SanFilippo on May 16, 2011

Chicago Alternative Thanksgiving

In the mood to depart from the traditional Thanksgiving celebration? Check out these restaurants around the Chicago area for delicious food, beautiful atmosphere, and no mess to clean up after!
The Cape Cod Room at The Drake Hotel – Gold Coast/Streeterville
The Cape Cod Ballroom is open for an elegant brunch on Thanksgiving Day: November 25, 2010.  There are three seating available, and reservations are highly recommended. You can choose to celebrate at 11:45 AM, 2:00 PM And 3:45PM. Adult brunch is $110 and children’s are $29. Elaborate buffets and great children’s …

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by Anthony Longo on November 19, 2010

Joffrey Tower

Joffrey Tower is an elegant building at 8 East Randolph that soars high above the bustle of the Chicago Loop. Located on the northeast corner North State Street and East Randolph, Joffrey Tower is in the perfect location for great shopping, excellent cuisine, and endless entertainment.
Joffrey Tower embodies the breakthrough design of award-winning architect Laurence Booth, FAIA. Joffrey Tower units include floor-to-ceiling windows and spacious balconies that provide breathtaking views of the city skyline and Lake Michigan. The place where Joffrey Tower now sits used to be home to the Masonic Temple, which was once the tallest …

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by Anthony Longo on April 30, 2010
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