North Harbor Drive

Observations and insights into real estate happenings along N. Harbor Dr. in downtown Chicago

East Randolph Street, Chicago

Entries from June 29th, 2013

Goal! Blackhawks Captain Jonathan Toews Finds Buyer

June 29th, 2013 · No Comments · Uncategorized

Jonathan Toews unit at the Chandler has finally sold. He moved from the Chandler to Regatta at the north end of North Harbor Dr. over a year ago, and the unit he left at the Chandler has been listed for $1.8M. I almost had a buyer last year but financing fell through. The unit is 2,714-square-foot […]

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Ritz-Carlton Chicago’s Highest-End Luxury Condos Available for Move-in

June 25th, 2013 · No Comments · Uncategorized

Crain’s Chicago reports that after many difficulties, the Ritz-Carlton is back on track. The 89-unit project at 664 N. Michigan Ave. is the most expensive project currently on the luxury downtown Chicago residential market at about $1,200 per square foot vs. about $800 per square foot at the Trump and Lincoln Park 2550. The price is partly […]

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Chicago Home Foreclosures Down Significantly

June 13th, 2013 · No Comments · Uncategorized

Crain’s Chicago reports that foreclosure activity in the Chicago area is tapering off. http://www.chicagorealestatedaily.com/article/20130613/CRED0701/130619890?template=printart “A total of 7,582 homes here had a foreclosure-related filing in May, plummeting 22.2 percent from April and 49.7 percent from a year earlier, according to Irvine, Calif.-based RealtyTrac Inc., an online marketplace for foreclosed properties.” With reduced foreclosure inventory, competition […]

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David Axelrod Lists Lake Point Tower Unit for $1.25 Million

June 6th, 2013 · No Comments · Uncategorized

I’ve shown Lake Point Tower (505 N. Lake Shore Drive) to several clients recently and it has a sort of classic feel about it that you don’t get in the modern, sleek new highrises. What type of building you prefer depends on your own style, but one of the better examples of modern, sleek new […]

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Andersonville Midsommarfest Starting Tomorrow Evening

June 6th, 2013 · No Comments · Uncategorized

While this isn’t exactly downtown, I did want to share info about one of this year’s first major street fests – Andersonville Midsommarfest – starting tomorrow evening! In past year’s I’ve really enjoyed the kid’s entertainment and street performers. On Clark St. running north from Clark & Foster. “Midsommarfest is Andersonville’s annual summer street festival, […]

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Chicago’s Downtown Monroe Harbor is Only 62% Used

June 5th, 2013 · No Comments · Uncategorized

When jogging along the lakefront and looking out over Lake Michigan from our roof at the Parkshore, I’ve been curious why Monroe Harbor didn’t look very full yet this year, turns out almost 2 out of 5 slips in Monroe Harbor aren’t going to be used at all this year. Crain’s Chicago reports that the […]

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850 N. Lakeshore Drive Project Moving Forward

June 5th, 2013 · No Comments · Uncategorized

Among last month’s real estate news I see the former Lakeshore Athletic Club building on Lake Shore Drive is finally being redeveloped. The developer received an $80M loan and is converting the 805 N. Lakeshore Dr. property into 200 apartments. As always, if you are looking for a rental or looking to buy downtown or […]

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