There’s No Place Like Tome
High volume of sales as buyers book title to Library Tower condos
High volume of sales as buyers book title to Library Tower condos
After touring an Old Town penthouse with Deal Estate, three real-estate agents made hypothetical bids on the home
Six years ago, when Golub & Co., the Chicago-based real-estate development company, announced plans to build a high-rise rental-apartment building at 345 East Ohio Street, it seemed like a distinctly contrarian choice. At the time, virtually everyone with a piece of land downtown was building condo towers.
Look at how things have changed: Completed a year ago and dubbed the Streeter, the 481-unit building, now almost fully rented out, was sold last week to the State Teachers Retirement System of Ohio, reportedly for about $210 million…
List Price: $7,495,000 Sale Price: $7,250,000 The Property: This Prairie-style house-whose art glass and other decorative details have a beach grass motif that references its Lake Michigan shoreline setting-sold July 30th for the highest price on record in Wilmette. Built in 1915 on a street that is still cobbled in bricks, the house was the … Read more
List Price: $650,000 The Property: This two-bedroom condo in one of Ludwig Mies van der Rohe’s revolutionary steel and glass towers on Lake Shore Drive turns out to be the very apartment in which the great architect himself planned to live. Known as the “Glass Houses,” the pair of buildings at 860 and 880 North … Read more
The growing number of foreclosures has already wiped out several mortgage companies and many families’ financial footholds. Now some observers say it could turn back the clock in some inner-city neighborhoods and moderate-income suburbs that had shown improvement over the past decade. Although foreclosures are occurring at every income level, they tend to be isolated … Read more
List Price: $1,199,000 Sale Price: $1,070,000 The Property: This handsome brick Mediterranean-style house was the home of Joseph Galvin, who with his brother, Paul, founded the radio company that became the technology giant Motorola. The house was built in the late 1920s, according to James Collins, the agent for the house’s sellers, Sam and Kathleen … Read more
List Price: $3,799,000 The Property: This house is the enemy of right angles-and of ordinariness. From its jutting, multi-angled façade to its dramatic central fireplace (whose exposed chimney is a two-story assemblage of panels, tubes, and ribs), the house, built in 1992, refuses to be a vanilla box-although most of the interior walls are a … Read more
While they renovate the Gold Coast mansion (pictured at right) they bought last year for $14.5 million, J. B. and M. K. Pritzker are living in a 13-room townhouse two blocks away. The monthly rent: $30,000. Jay Robert ‘J. B.’ Pritzker, a member of the fourth Chicago generation of the uber-wealthy clan, is a partner … Read more
The architect Paul Florian lives large in a small apartment on the Gold Coast