East Randolph Street – Call Kristine 312-933-1894

Observations and insights into real estate happenings along E. Randolph St. in downtown Chicago

East Randolph Street, Chicago

New development in downtown Chicago

July 5th, 2010 · No Comments · Uncategorized

I just read an article from the Chicago Tribune, it talks about there are not going to be any new development in the city of Chicago in 2011 except a very high end Ritz- Carlton condo. That being said, if you want to look at the new develop only, then there will be very limited ones due to the current economy as only in this way, the developer could charge more for their new development, they are going to hold as long as possible right now.

Also, I do here people asking about the big empty place next to the lakeshore Dr. Between the new Regatta building and the Parkshore. On the developer’s map, it is going to have three buildings there, and a small version of the lakeshore east park. After according to Magellan,  the developer of the lakeshore east neighborhood, they are not going to built anything there within the next 10 years.

As a Realtor we do hear people talking about the market differently these days. They tends to care more about it is the bottom of the market other than the market is so bad, that means people are getting back to the purchasing mood, at least that’s what we see here in downtown Chicago.

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