ChicagoismynewBlog

Posts Tagged ‘Apartments’

New 427-Unit Apartment Tower Set for River North

Posted by ChicagoismynewBlog! on July 28, 2010

According to this ChicagoRealEstateDaily article, AMLI Residential is partnering up with developer Friedman Properties to build a 49 story apartment building in the Southeast corner of Clark and Hubbard.  The building isn’t slated to begin until spring of 2011 at the very earliest but a completion date of 2013 seems to be a good bet.

Taking advantage of having the Greenway Self Park right next door, the AMLI building’s residents will enjoy a large landscaped roof deck on top of the garage. Amenities will include a swimming pool, a jogging path and dog runs.  Pretty cool!

As long as they keep saving the old three story buildings in River North and keep building on surface parking lots, I’ll be a happy camper.

Check out the full ChicagoRealEstateDaily article by clicking HERE!

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Posted in News Articles, Proposed Developments, Rental Building, River North | Tagged: , , , , , , , , | Leave a Comment »

Village Green seeking TIF money to redevelop a historic Loop highrise!

Posted by ChicagoismynewBlog! on January 17, 2010

I really really hope this building gets started soon.  I have a friend who lives in another Village Green rental building and let me tell you that they did an amazing job with the apartments and I’m confident that Village Green will do the same for 188 W. Randolph.  Now I just gotta try to get in to one of those below market rent apartments!

Tower seeks public financing

20% of landmark would be set aside as lower-rent units

January 13, 2010

DAVID ROEDER – droeder@suntimes.com

Partially masked by nets and scaffolding for months, the Jazz Age skyscraper at 188 W. Randolph looks like a wounded veteran of the real estate crash. To restart its renovation, the owners are in hot pursuit of public financing.

Apartment builder Village Green Cos. has asked the Illinois Housing Development Authority to issue tax-free bonds on its behalf. And City Hall has begun to move on Village Green’s request to establish a tax-increment financing district that could help the project.

The 188 W. Randolph building, known in its early life as the Steuben Club Building, is remembered more recently for its falling terra-cotta. Village Green, which bought the building out of bankruptcy for $10 million in 2005, fixed the worst of it and put up the scaffolding to protect pedestrians. But the richly ornamented terra-cotta is what makes the building special and contributes to its status as a Chicago landmark.

Kenneth Barnes, senior vice president for development at Village Green, said public support is justified by the historic preservation.

Twenty percent of the apartments would be set aside at below-market rents, calculated as affordable for families with 50 percent of the city’s median income.

The office building would be converted to 310 apartments, Barnes said. Village Green will occupy lower-floor commercial space, turning it into its Chicago regional office….

Check out the full Chicago Sun Times article by clicking HERE!

Posted in Buildings, Historic Restoration, Renovation/Restoration, Rental Building, The Loop | Tagged: , , , , , , , | Leave a Comment »

Know a friend who is looking to rent an apartment in Chicago?

Posted by ChicagoismynewBlog! on January 11, 2010

Hey there!  So one of the reasons I created ChicagoismynewBlog! is to help promote my real estate business and to keep marketing myself as a REALTOR® with @properties.  I want to reach out to all of you who may have a friend or family member who is in the process of trying to find an apartment in Chicago and offer my services because they’re basically free for anyone looking to find an apartment.

I would be honored to have my contact information passed along.  Lets start…….now.  Don’t hesitate to send an email to my @properties email:  jeffstewart@atproperties.com

Posted in @properties, Chicago, Leases | Tagged: , , , , , , , , , , , , , | Leave a Comment »