New Project Sparks Density Worries in West Town
Aug10

New Project Sparks Density Worries in West Town

Turmoil erupted at tonight’s west loop community meeting where TARIS Real Estate introduced its new residential development for Chicago’s Restaurant Row.  The developer proposes to construct a 10 story, 22-unit condominium building at 900 West Washington Street. Both TARIS and 27th Ward Alderman Walter Burnett, came under heavy criticism from West Town constituents for permitting the construction of buildings that are “too...

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Plans For New McDonald’s Headquarters Unwrapped
Jun23

Plans For New McDonald’s Headquarters Unwrapped

The McDevelopment of the month is McDonald’s Corporation’s announcement that it plans to move its headquarters from suburban Oak Brook to Chicago’s Fulton Market District. Adding even more pizazz to the headline: the specific location is Chicago’s treasured Harpo Studios, the former production location for The Oprah Winfrey Show at 1058 West Washington Boulevard. Tonight Sterling Bay, the developer who purchased the land...

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Developer Trying to Squeeze One More Hotel In Along the Chicago River
May10

Developer Trying to Squeeze One More Hotel In Along the Chicago River

Think Chicago’s hotel boom is done booming? Think again. Mr. River North himself, Albert Freidman, held a community meeting last night to showcase his latest proposal: a 395 foot hotel at 330 North Clark Street, adjacent to his Reid Murdoch building. If constructed, the development will consist of 500 hotel rooms, 85,000 square feet of office space, and ground level retail. Most notably, Friedman’s proposal seeks to modify the Reid...

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Another Hotel Planned for What’s Left of Chicago’s Meatpacking District
Jan28

Another Hotel Planned for What’s Left of Chicago’s Meatpacking District

If you set foot in the Fulton Market area, you’re in Jeff Shapack’s domain. Jeff is the founder of Shapack Partners, and possibly the neighborhood’s biggest advocate, both in the scene and behind the scene. For a “behind the scene” example, it’s rumored that Jeff personally is financing the powering of the recently completed Fulton Market gateway sign until the city can work through some financial issues. His most recent “in the...

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Charting Downtown Chicago’s Residential Potential and Predicting an Upcoming Supply/Demand Problem (Don’t Say “Bubble”)
Jan21

Charting Downtown Chicago’s Residential Potential and Predicting an Upcoming Supply/Demand Problem (Don’t Say “Bubble”)

  If you live in downtown Chicago, you’ve likely noticed the abundance of cranes around you. Cranes signal new construction, and new construction can signal a healthy, booming economy. At the same time, even the dumbest economist in the room knows that too much construction can lead to bad things. The question for Chicago is: are we building too much? KIG Analytics Officer Marc Rutzen recently created a video signaling that...

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Streeterville Hotel Proposal Fails to Score With SOAR, Neighbors
Dec09

Streeterville Hotel Proposal Fails to Score With SOAR, Neighbors

  Originally a bakery, then the offices of Playboy Enterprises, and later a museum, the building at 237 East Ontario Street is now slated to be demolished and developed into 24-story hotel. It’s  just another Chicago parcel changing with the times. Tishman Realty and Construction and the Streeterville Organization of Active Residents (SOAR) held a meeting last night at the Sheraton Grand Chicago, which Tishamn just happens...

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New River North Skyscraper Bucks Trend, Goes Condo Out of the Gate
Dec01

New River North Skyscraper Bucks Trend, Goes Condo Out of the Gate

Another River North surface parking lot is slated to be replaced by a new 24-story residential tower. But guess what: This one is NOT for rent. Last night, JFJ Development unveiled its proposal to build a 283-foot-tall condo tower at 300 West Huron Street. While the developer mentioned that the site’s zoning made a rental tower economically unfeasible, this proposal certainly signals that times are changing, and developers are willing...

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Plans Outlined for a Four-Story Retail Crown at the John Hancock Center
Oct27

Plans Outlined for a Four-Story Retail Crown at the John Hancock Center

A plan to significantly redevelop the John Hancock Center’s plaza was proposed tonight by the owner of the tower’s retail space, the Hearn Company. In its current state, the building’s plaza is a sunken terrace that sits adjacent to and below Michigan Avenue, providing pedestrian access to tenant storefronts below ground level. The problem with this layout the Hearn Company is trying to solve is that it’s visually uninviting to...

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Is Chicago’s Skyscraper Boom a Sign of Impending Doom?
Oct12

Is Chicago’s Skyscraper Boom a Sign of Impending Doom?

If you haven’t been living under a rock for the past few months you might have noticed a crane or two popping up around the city. Perhaps you were curious enough to browse a few sources to learn that not only will cranes continue to pop up, but Chicago is experiencing a construction boom that not only can be measured by the volume of towers under construction, but by the magnitude of future construction projects proposed. Some, if...

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Chicago to get Another Fascinating, Faceted Fenestrated Facade
Sep23

Chicago to get Another Fascinating, Faceted Fenestrated Facade

Last night we learned about plans for an 829-foot-tall skyscraper pair to be built on Michigan Avenue in the South Loop.   Shortly afterward, we got the details on another skyscraper nearby. The second development proposed, although not a 76-story Viñoly, is certainly noteworthy standing only a block away at 1326 South Michigan Avenue. Developer John Murphy revealed his proposal for a 48-story tower consisting of what Murphy described...

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