Planned Property Management 1333 N Kingsbury
Planned Property Management 1333 N Kingsbury – Step outside 1133 N. Dearborn and experience the best shopping on Michigan Avenue, savor delicious cuisine at top-rated restaurants, and jog along the 11.5 mile Lakefront Trail. When it comes to dining, sipping a cocktail at the local bar or catching a live show at the star village, the Gold Coast neighborhood does not disappoint. This towering building has an array of enviable amenities and features. Enjoy wonderful lake and horizon views from your own balcony. Or work out in the fitness center or take an evening swim in the outdoor pool. It’s easy to see why residents love living at 1133 N. Dearborn.
The large, convertible one- and two-bedroom apartments feature modern kitchens with separate dining areas, designer plank floors, floor-to-ceiling windows, private balconies, large wardrobes and individually controlled heating and air conditioning. The apartments also offer breathtaking views of Lake Michigan and the Chicago skyline. 1133 N. Dearborn has desirable amenities including: friendly door staff, fitness center, business center, outdoor pool with gorgeous sun deck, covered parking, laundry room, package reception room, bike storage, personal storage, 24-hour emergency maintenance, high-speed fiber optic cable and internet, and an on-site construction engineer. Cats are welcome at no extra cost.
Planned Property Management 1333 N Kingsbury
1133 N. Dearborn is “Walker’s Paradise”. Everything you need is a short distance away. Walk to shopping, restaurants and entertainment. Lake Michigan is minutes from your front door. Residents can walk, jog or bike along the 17.5 mile long Chicago Lakefront Trail. Professionals and students alike love this place. The journey to the center takes only 6 minutes. Public transport is excellent, with the Red, Brown and Purple lines nearby. Bus routes are steps from the front door and include: 156 LaSalle, 70 Division, 22 Clark and 36 Broadway. You’ll love living on the Gold Coast with everyday amenities on your doorstep. You’ll never tire of how simple life is at 1133 N. Dearborn.
Clybourn Corridor Property Sold To Lasalle Investment Management By Structured Development
There is no end to the incredible restaurants and boutiques right outside your door. What really sets the Gold Coast apart are the stunning cultural sites and architectural wonders that stand alongside the city’s trendiest spots. It’s even listed on the National Register of Historic Places!
Lake Michigan is just a short block from your new home. Spend sunny weekends walking along the 28.5 miles of lakeshore. This is one of the things that makes Chicago a unique city, and it’s right at your fingertips when you live at 1133 N. Dearborn!
Trains: Red Line 0.1 miles, Brown and Purple Lines 0.5 miles, Pink, Blue, Orange and Green Lines 1.2 miles A real estate investor who owns several properties on Goose Island bought a piece of land across the Chicago River where he plans to build approximately 200,000 square meters of new offices near Lincoln Park.
Chicago-based R2 last week bought a 111,000-square-foot loft office building at 860 W. Evergreen St. and an adjacent one-acre property at 1422 N. Kingsbury St., where it plans to add a new office and retail building combined with the existing structure, the CEO said Matt Garrison.
N Sutton Pl, Chicago, Il 60610
The property sits just south of a large Whole Foods Market in Kingsbury and north of where R2 wants to build a bicycle and pedestrian bridge that would connect traditionally industrial Goose Island to the Clybourn Avenue shopping corridor.
R2 is already heavily invested in the area, owning the building at 811 W. Evergreen and operating a few office projects it’s planning on Goose Island to the west. It also owns a loft building to the south at 770 N. Halsted St.
Garrison declined to say how much R2 paid for the newest property, but said the company plans to spend about $50 million — including land acquisition — to build the 200,000-square-foot building starting early next year.
The seller was Tom Melk’s company, which once ran Outer Circle Products, which manufactures the Arctic Zone brand of lunch boxes and portable refrigerators out of the building. He paid $7 million for the property in 2000, according to real estate information provider CoStar Group.
Print Issue Of September 21, 2017 (volume 46, Number 50) By Chicago Reader
R2’s investment partner is AIMS Real Estate, part of Goldman Sachs’ New York-based asset management business, Garrison said.
The current building is almost entirely occupied by Seaton, a recruiting and staffing company that Tacoma, Wash.-based TrueBlue bought last year for $310 million. Seaton’s long-term lease brings cash flow from the property as R2 fine-tunes its planned new structure.
The area is best known for its commercial properties just off Clybourn, but developers like R2 are gobbling up industrial properties along the river with an eye toward developing office buildings there. C. H. Robinson Worldwide recently decided to move its Chicago office into a new 207,000 square foot office building. Chicago developer Sterling Bay is building along the river about 1½ miles north of R2’s new site.
Another developer that already owns office buildings in the area, Chicago-based Structured Development, is planning a new office and retail building on nearby property at Kingsbury and Blackhawk streets.
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While the area has not historically been known as an office market, it could expand as existing tenants such as Seaton and Jellyvision continue to grow and others eye the area amid tight supply in southern areas such as River North, structural principal Mike Drew said.
“The demand is constant and there’s very little supply in this area,” Drew said. “There are many tenants who recognize the advantages of nearby public transport and services. You will see a gradual rent increase in this market.”
Next year, R2 also plans to begin two Goose Island office conversions, regardless of whether tenants have signed leases — a warehouse conversion at 909 W. Bliss St. and a warehouse expansion and conversion at 1200 N. Branch St., according to Garrison. R2 is also planning a new office building at 909 W. Bliss across from the marina.
“We have a long-term view of where the north side we think will fill in around that,” Garrison said. “We are ready to accumulate a portfolio there for more than 10 years. We’re all on Goose Island.”
W Illinois St #401, Chicago, Il 60654
Subscribe to our Commercial Real Estate Report newsletter to receive exclusive news and analysis straight to your inbox. Introducing Cascade, a 37-story crystal tower designed by bKL architects and developed by Lendlease and Magellan. Ranging from studios to 3-bedroom condominiums, it is packed with over 45,000 square feet across three levels. Cascade is a resort-style urban oasis with an indoor pool, hydrotherapy pool and wading pool, as well as an outdoor pool and tiered sundeck. Multiple resident lounges make working from home a breeze, and with a jam room, kitchenette, golf simulator, indoor conservatory and 32nd floor outdoor deck, you’ll never have to leave the house.
Rising above the easternmost part of the Lakeshore East neighborhood, where the Chicago River meets Lake Michigan, Cascade is the first rental apartment to open in the community in nearly a decade. One of Chicago’s best-kept secrets, Lakeshore East is a beautiful master-planned community just minutes from the bustling Loop.
At Cascade’s doorstep, residents will find Cascade Park: 0.8 acres of green space with direct access to the Lakefront, beaches and DuSable Harbor.
TIP: Try to keep your rent at a third of your gross household income. Read why in our Renter’s guide.
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Cascade is located at 455 E Waterside Dr, Chicago, IL. Cascade offers Studio-3 bed, 1-2 bath. There are 31 apartments available for rent starting at $1,874 per month. Bob Buford is buying the Chicagoan, a 221-unit tower at Rush Street and Chicago Avenue. Image from CoStar Group
W Illinois St #111, Chicago, Il 60654
A few months after paying nearly $49 million for a Gold Coast apartment tower, Chicago landlord Robert Buford is dropping more than double the price for another rental in a high-rise a few blocks away.
A company led by Buford has agreed to buy the Chicagoan, a 221-unit building at Rush Street and Chicago Avenue, according to people familiar with the deal. An exact price could not be determined, but the people said Buford will pay far more than the $100 million the building was expected to fetch.
He is buying the 36-story tower from a partnership led by Chicago developer Draper & Kramer, which built the tower in 1990.
Chicagoan was state-of-the-art at the time, but it is not in the same league in terms of amenities and finishes as the fancy new apartment towers that have opened in recent years. Its biggest asset: its location at 750 N. Rush, just a block west of North Michigan Avenue.
W Illinois St #513, Chicago, Il 60654
These two factors offer a great opportunity to increase the value of the property by renovating
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