Category Archives: Ultra Luxury

Trump Tower Towers over River North

The Trump Tower and its hotel, in River North, has received a lot of media attention recently.
Last year, the Trump hotel was named the best large hotel in America by Travel+Leisure Magazine. And this year, the hotel has continued to rake in a steady stream of revenue, despite the fact that most of the hotels in the Loop and the Near North have been struggling mightily.
On top of all that, the Trump Tower and its hotel seem to be having an overwhelmingly positive influence on the rest of the River …

by Lindsey Anderson on August 12, 2011

Own a condo in the Chicago’s Playboy Mansion

It’s been a big year for Playboy in Chicago. First, NBC and Eddie Cibiran moved to the Windy City to film their dramatic interpretation of the beginning of the Playboy Club. Now a piece of that history is for sale in the original Playboy Mansion located in Chicago’s luxurious Gold Coast.
Hugh Hefner’s original mansion was sold in 1989 to the Chicago Art Institute, who then later sold it to a developer. The Playboy Mansion, once 70 rooms, now houses single-floor residences, including the one currently on the market for $6.7 …

by Liz SanFilippo on August 5, 2011

Navy Pier Renovations in the Works

According to Navy Pier, Incorporated,the non-profit firm that oversees all operations of Chicago’s most visited tourist attraction, the Pier is in need of a little work. Or maybe a lot of work.
Navy Pier, Inc. has announced plans to put more than $150 million dollars of renovations into the Pier. The renovations include the addition of a 150 room hotel to the east end of the Pier. They also include new construction and expansion on the Children’s Museum and the Chicago Shakespeare Theater.
On top of that, the plan calls for more …

by Lindsey Anderson on July 12, 2011

The Undisputed Right to Own a Wright

Every art and architecture enthusiast admires the work of the renowned Midwestern master of architecture, Frank Lloyd Wright. And many of these architecture enthusiasts dream of one day owning a Wright-built home of their own. If only they could save up the vast sums of money needed to afford such a masterpiece, they imagine, they would buy one of Wright’s iconic homes as soon as they could.
But, according to Janet Halstead, the director of the Chicago-based Frank Lloyd Wright Building Conservancy, owning one of these home requires less money down …

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by Lindsey Anderson on July 2, 2011

Groupon Co-Founders Slated to Become some of the Wealthiest Men in Chicago

Groupon, the Chicago-based tech company, announced recently that it will present its customers and competitors with an IPO (initial public offering) sometime soon.

Groupon also announced that this IPO will likely be worth about $30 bullion. And, if that estimate is correct—as most financial experts believe it to be—then Groupon’s three co-founders and major shareholders will soon become some of the richest men in Chicago.
The first of these co-founders, Groupon chairman Eric Lefkofsky’s stock would be worth roughly $6.48 billion immediately after the IPO, and he would become the richest man …

by Lindsey Anderson on June 22, 2011

Tribune Employees Sue Real Estate Developer

Dozens of former Tribune writers, editors, publishers and executives are suing real estate developer Sam Zell over an agreement that has been dubbed “the deal from hell.”
These newspaper employees accuse the real estate developer and Tribune owner of saddling the newspaper with excessive and unmanageable debts. They also accuse him of using their retirement funds to pay off and appease his wealthy share holders.
According to the plaintiffs, the company’s major share holders benefitted immensely from the $8.2 billion dollar takeover of the Tribune that took place recently. Conversely, many …

by Lindsey Anderson on June 16, 2011
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