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Tag: Housing Bulletin
Foes from a 1984 Project Square Off Again Over Webster Square
By Dennis Rodkin
If it seems like the struggle over plans to redevelop the shuttered Lincoln Park Hospital as a mix of homes, retail, and offices has been going on a long time, get this: some of the players say it’s rooted, in part, in a struggle 27 years ago over a residential project about six blocks away... Read more
For Sale: A Potential Penthouse Above the Loop
By Dennis Rodkin
If you thought Rahm Emanuel has had a hard time getting an unwelcome tenant out of his Ravenswood house, imagine what it will take to turn the secret penthouse at the top of 200 North Dearborn into a home: to create what could be your terrace, you would first have to move an air-handling machine that weighs several tons... Read more
Chicago Association of Realtors Hands Out Good Neighbors Awards
By Dennis Rodkin
At its 19th annual Good Neighbor Awards event last week, the Chicago Association of Realtors (CAR) recognized several real-estate agents and developers who have turned around distressed properties in neighborhoods from Lake View to West Pullman. “These are private individuals and enterprises taking it on themselves to rehabilitate these homes,” said Mabel Guzman, CAR’s president and an executive at Envision Real Estate... Read more
Top-Floor Views from Available Aqua Condos
By Dennis Rodkin
Since Jeanne Gang’s Aqua was completed in 2009, views of the tower have landed in countless tourists’ scrapbooks and Facebook posts. But views from Aqua can be pretty sweet, too, as you will see in the video and pictures I shot recently from two condos for sale on the tower’s top residential floors... Read more
Congressman Quigley to Some Boat Owners: Shove Off
By Dennis Rodkin
This week, U.S. Representative Mike Quigley (D-5th) is releasing a list of 60 ideas to reduce the federal debt and deficit spending—and already, one of the smallest proposals in the pack has stirred up angry opposition. Quigley advocates ending the home mortgage interest deduction for boats that owners have claimed as second homes... Read more
Housing for Teenage Parents—and a Judge Resolves a Condo Buyback Standoff
By Dennis Rodkin
On Chicago’s West Side, work has begun on a project that will help stabilize young families. New Moms, Inc., a Chicago not-for-profit that provides counsel and other services to teenage mothers and their children, broke ground last week on an $11.7 million facility that, when completed in mid-2012, will contain 40 apartments with room for 40 adults and 60 children... Read more
Frank Galati Sells His Lakeshore East Condo
By Dennis Rodkin
On Monday, Frank Galati, the Tony Award–winning Chicago director and actor, and his partner, Peter Amster, who is also a theatre director, sold their condo at 340 on the Park, which overlooks Millennium Park... Read more
Census Shows African Americans Leaving High-Priced Suburbs
By Dennis Rodkin
As home prices soared in the first years of the 21st century, several of Chicago’s most desirable suburbs saw their African American population decrease, according to new data from the Metropolitan Planning Council. At the same time, the African American population boomed in some of the outer-ring suburbs, where inexpensive subdivision houses were built in large numbers between 2000 and 2010... Read more
Linda Johnson Rice Sells on the Gold Coast
By Dennis Rodkin
Linda Johnson Rice, the chairman of Johnson Publishing, closed yesterday on the sale of her ten-room condo at the Carlyle. The sale price was $2,255,815—77 percent of the $2.9 million Rice was asking when she first listed the condo for sale in April 2010... Read more
Condo Ruin Gets a Second Chance
By Dennis Rodkin
A five-story building at 2609 West Belmont Avenue that has stood unfinished and exposed to the elements for about three years is on its way to getting a restart later this spring. Lewis Korompilas, the head of the Northbrook-based Premium Builders, said that he will close on his purchase of the former North River Court project from Village Bank & Trust in Arlington Heights at a price that he will only specify as “under $3 million.” He expected the deal to close around June 1st... Read more