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Real Estate & Development in ...
A landmark Evanston building owned by The Cradle Society at 2049 Ridge Ave is on the market; new zoning and its location near Northwestern make it a tempting adaptive‑reuse play.
A March 18 building permit clears the way for a seven‑story, 78‑unit mixed‑income building at Oak and Larrabee; 54 units are earmarked as affordable housing.
Two suburban rehab centers sold for about $33 million combined and were rebranded under Alpine Healthcare, part of a busy wave of senior-housing deals across Chicagoland.
Bunker Hill Farms, the 450-acre Woodstock retreat built by TicketsNow founder Mike Domek, is listed for $27 million and is being marketed to private buyers.
A Texas firm paid $102 million for Orland Ridge, a 294‑unit build‑to‑rent in Orland Park completed in 2023, underscoring continued investor appetite for Chicago suburbs.
A concept video envisions a domed, 72,000‑seat Soldier Field and a lakefront entertainment district as the Bears weigh Arlington Heights and Northwest Indiana.
Monument Capital sold Eclipse at 1450, a 222‑unit Mount Prospect complex, for $30M after renovating most interiors.
Brokers have started marketing apartment towers in River North and the Gold Coast as investor interest in well‑located Chicago rentals stays steady. Listings may set new downtown pricing benchmarks.
Nuveen is investing millions to modernize 321 N. Clark and has hired Telos Group to reboot leasing at the River North tower.
Bayshore Properties paid about $45M for the 253‑unit Aspen Ridge Apartments in West Chicago, a move that underscores strong investor demand for suburban multifamily. The purchase was funded with agency debt arranged by Greystone.
A Florida investor bought a Walgreens on Green Bay Road, bringing its Kenosha corridor investments to about $56 million and signaling renewed retail interest.
Paula Crown has relisted the late Jim Crown’s Gold Coast condominium at an asking price of $16 million. The full‑floor, two‑level unit on Goethe returned to broker pages this week.
Justin Ishbia is reportedly buying Amtrak’s 14th Street coach yard in the South Loop, reviving talk of a downtown White Sox stadium.
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