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Wrigley Field Construction Update

UnknownNot only are the Chicago Cubs re-designing their roster this off-season, they are making significant changes to The Friendly Confines. Don’t worry, the traditional feel of the old ballpark will remain the same, at least when you get to your seat. Bleed Cubby Blue (a great fan site) has an update on the progress here.

 

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Things Are Looking Up for the Historic Otis Elevator Warehouse

Things are looking up (sorry) for the historic Otis Elevator Warehouse located in the city’s Pilsen neighborhood. DNA Info reports that a plan is underway to transform the vacant 130,000 square foot building into a multi-unit residential structure.

According to DNA Info:

The warehouse, originally constructed in phases between 1900 and 1905 by the Otis Elevator Co., was used for the manufacturing of elevator cabs, according to Cedar Street. The building, located just north of the BNSF railroad tracks and the Pilsen neighborhood, is listed on the National Register of Historic Places.

Speaking of elevators, if you need to remove an elevator shaft safely and cost effectively, call Midwest Wrecking Company at 312-666-1043. We’ve been Chicago’s Wrecking Crew since 1952.

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Top Ten Chicago Real Estate Blogs

We love a good blog! Here are ten of the best Chicago real estate blogs. A great city deserves great blogs!

Curbed Chicago – a great blog devoted to Chicago’s wonderful diverse neighborhoods.

Yo Chicago – A fresh take on homes, apartments and neighborhoods in Chicago & suburbs.

Getting Real – Getting Real is Gary Lucido’s irreverent blog about the Chicago real estate scene – the market, the industry, and the players. Gary is the President of Lucid Realty, which he founded with his partner, Sari Levy, seven years ago out of frustration with the real estate industry.

Crib Chatter – The Dish on the Chicago Housing Market

Chicago Magazine’s Real Estate Blog – Chicago’s premier local magazine’s take on the real estate industry.

Dreamtown – an inside look at Chicago’s real estate trends.

Homescout – Another well done blog highlighting Chicago’s market.

Movato – Comprehensive blog devoted to market trends.

Lee Bey – Gorgeous photography of the Windy City.

Midwest Wrecking Chicago – Ok, a little shameless self promotion never hurt anyone!

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Top 20 Real Estate Markets for July 2015

Here are the top 20 real estate markets for July, 2015 according to realtor.com. Here’s a short excerpt from the article:

Based on data for the first three weeks of July, the median list price increased to $234,000, up 7% year over year and 1% over June. Median days on market increased to 69 days, down 7% year over year but up 5% month over month. Housing supply usually peaks in July or August as families rush to close before the school year begins.

 

1) San Francisco, CA
2) Denver, CO
3) Dallas, TX
4) Vallejo, CA
5) Santa Rosa, CA
6) San Jose, CA
7) Midland, TX
8) San Diego, CA
9) Ann Arbor, MI
10) Santa Cruz, CA
11) Detroit, MI
12) Sacramento, CA
13) Stockton, CA
14) Yuba City, CA
15) Columbus, OH
16) Austin, TX
17) Los Angeles, CA
18) Oxnard, CA
19) San Antonio, TX
20) Fort Wayne, IN

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Here In Chicago: Finishing Touches On World’s Largest Rooftop Greenhouse

Finishing touches have begun on what will be the biggest urban rooftop greenhouse in the world. Chicago’s Method soap company will be home to a 75,000-square-foot space — built by urban greenhouse company Gotham Greens.

From Constructiondive.com

The high-tech greenhouse, whose temperature and irrigation will be computer-controlled, demonstrates Method’s commitment to what Chief Greenskeeper Saskia Van Gendt called “the highest standards of green building.”

To support the weighty greenhouse, the company reinforced the roof, which, once planted, will help insulate the factory — designed by William McDonough + Partners and Heitman Architects — and keep heating and cooling costs lower.

Once the greenhouse is fully planted, Gotham Greens will distribute the greens it produces to local stores and restaurants.

“We need to use our urban spaces more efficiently,” Van Gendt told Business Insider. “Rooftop greenhouses are a representation of a model of doing that.”

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Market For Million Dollar Homes in Chicagoland

The market for the million dollar homes in Chicago is heating up. Areas with the most growth include Lincoln Square and Highland Park. Per the following press release:

Luxury detached sales in the city’s Lincoln Square area more than doubled to 14 so far this year, including nine in the second quarter. That compares to six luxury sales during the first six months of 2014 and four or fewer during the first half of the three previous years.

Change also seems to be occurring in the suburbs where million-plus sales are becoming more common in Naperville. That suburb had 19 luxury sales in the first half of this year, including 14 in the second quarter, giving it more luxury activity than such traditional luxury markets as Barrington and Highland Park.

Winnetka remained the most active suburban market for luxury homes, with 51 second-quarter sales at a median price of $1,550,000, and Hinsdale followed with 40 sales at a median price of $1,377,750. Tied for third in sales activity with 34 sales during the quarter were Lake Forest, with a median price of $1,337,500, and Wilmette, where the median price was $1,252,500.

 

Chicago recorded 336 luxury sales for the quarter, 25 percent more than a year earlier. There were 185 detached sales with a median price of $1,450,000, and 151 attached sales at a median of $1,400,000. Detached sales were up 38 percent; attached sales rose 13 percent.

The average market time for luxury city homes during the second quarter was just 106 days for detached properties and 113 days for attached properties.