Patrick Ryan takes DNAinfo Chicago through his latest listing and highlights the magnificent, unparalleled views this residence has to offer. Click here to your this residence.
“Bucktown was a natural choice for our second location and, in many ways, felt like a homecoming to our agents who already live on the Northwest Side and have closed numerous transactions in the area.” Read the full DNAinfo story featuring the Related Realty Bucktown opening here.
existing unsold Chicago condos suggest there is less than one year of inventory remaining in the market,” says David Wolf, president of Related Realty.With the for sale inventory dwindling for Chicago condos, experts urge buyers to act sooner than later. The low inventory directly influences the cost of apartment rentals by forcing would-be homeowners into renting purely out of necessity which will keep rents sky high for 2015. However, the outlook is bright for Chicago condos in the near future, which are expected to make a comeback in the next couple of years with many new developments set to deliver in 2017.
What are three things the Chicago market can expect for 2015?
Although the market can be a volatile one, 2015 is sure to be a great year for potential Chicago condo owners, if one acts quickly! Heed the advice of the experts and take advantage of low interest rates before inventory dwindles any further.
Click here to read the full article.
When a new South Loop condo building is still under construction, it can be difficult for home buyers to imagine the views, the neighborhoods vibe and the overall living experience the project will deliver. But, as Multi-Housing News explains in a recent article quoting Related Realty’s president, David Wolf, realtors and developers across the country are helping prospective buyers envision their new home in a variety of ways, including co-branding buildings through local retailers or hosting special events. But, perhaps the most effective – and innovative – means to demonstrate the views buyers can expect in a yet-to-be-built South Loop condo building, comes from technology.
Using drones to photograph the various vantage points from each floor of a building, allows condo buyers to see the views from inside their new home. This removes the guesswork for condo buyers wondering how fabulous a view will be from any floor, and from any direction. It also enables buyers to get a sense of the neighborhood from a unique perspective.
Read more in Multi-Housing News about how realtors and developers of upscale South Loop condo buildings are making it easier for buyers to visualize the anticipated living experience. To learn more about buying or selling a condo in any one of Chicago’s key neighborhood, please contact
The key to ensuring the best experience for home buyers and sellers, is by working with the best real estate agents. All good agents are knowledgeable, honest and personable, but must also have the support of a firm with the right resources and experience.
Related Realty’s vice president and managing broker, Jeanine McShea, recently sat down with Chicago Agent magazine for a cover story on the importance of recruiting – and retaining – great agents. As McShea explains, Related Realty offers a boutique experience, which allows each agent to individually elevate the real estate experience for each client.
So, what are the qualities that Related Realty agents bring to clients?
• Being a knowledge-seeker: Agents who stay ahead of trends, know what the market is doing and are on top of new technology, can deliver the most seamless experience for home buyers and sellers. • The service trifecta: Professionalism, work ethic and drive. These are the qualities good agents exhibit in every personal and professional endeavor. • A CEO mentality: Agents who are goal-oriented and want to be held accountable are more likely to conduct themselves like a business. • Constant Collaboration: Related Realty agents are successful and want to share that success.
Read more in Chicago Agent about the qualities of Related Realty’s agents. To learn more about finding the right agent, and buying a condo or single-family home in Chicago, please contact 312.832.2300
It has been an exciting week for Related Midwest and Streeterville real estate as a whole! We
are pleased to announce that Related Midwest has successfully acquired the former site of the Chicago Spire located at 400 N Lake Shore Drive. There has been a lot of buzz around the site that has sat dormant since 2008 as a giant hole in the ground and we look forward to what’s ahead.
Related Midwest President Curt Bailey stated Tuesday: We are pleased to have resolution on 400 N. Lake Shore Drive, the site of the former Chicago Spire project,” and “We recognize the importance of this site to the City of Chicago and look forward to creating an architecturally significant and thoughtful development befitting this premier location.”
Read the full story on this future of the Chicago Spire building site and its impact in Streeterville here.
Chicago Agent hosted its ninth annual Agents’ Choice Awards on Oct. 14 at 850 Lake Shore Dr. Guests celebrated this year’s winners with delicious hors d’oeuvres and cocktails. Among the winners was Related Midwest, named Developer of the Year, for which Related Realty accepted on their behalf. Attendees also enjoyed a complimentary tour of the luxury apartments.
See more at: http://chicagoagentmagazine.com/slideshows/chicago-agents-ninth-annual-agents-choice-awards-10-14-14/#sthash.ZnFkivFc.XY26RH4A.dpuf
Chicago has the most desired real estate in Illinois. Buyers relish the elegance of the condos and traditional homes located there. The developers have taken extensive steps to make living luxurious, easy and fun.
Sophisticated and elegant defines The Grant. Residences are stunning. Options include one to three bedrooms and baths with up to a whopping 3,000 square feet. Some condos have dens. The attributes inside are graceful, sleek and modern. Only the best appliances and accents accommodate their interiors.
Owners are wowed about the floor-to-ceiling windows. Breath taking views of the city skyline and of Lake Michigan are a daily enjoyment. With private Porte-Cohere, a heated indoor pool, hot tub and spa, this is truly luxury living at its best.
South Loop Chicago Real Estate
Want to blend the old with the new? In South Loop, the luxury condos consist of a mixture of both. The older condos, and some new ones, gracefully display the tall windows with beautiful crown molding. Others condos offer the sleek modern look.
Square footage runs from about 500 to over 1,600. Most of these condos have spectacular views of the city. Many offer such luxurious amenities as large bedrooms, beautifully maintained wooden floors, tall ceilings, marble, quartz or granite countertops, sundecks, balconies, garages, indoor pools, exercise rooms, concierge and or 24-hour door staff, to name only a few.
Condos in the Grant Chicago and South Loop offer luxurious city living that helps make living life a lot more enjoyable. So dont wait. Take that step and call us today.
Chicago condo sales have risen over the past several months, with restored confidence in the real estate market driving demand and price appreciation in sought-after neighborhoods. These are key indicators that the market will continue to improve over the next few years, presenting opportunities for buyers and sellers alike.
But as Chicago condo sales continue to increase, inventory is being depleted to historically low levels. In fact, condo inventory is at the lowest overall since tracking began in 1997. David Wolf, president of Related Realty, recently shared his insights on the state of the condo market at the Marcus & Millichap Multifamily Forum, where Chicago’s real estate leaders gathered to examine the multifamily housing market. He shared a number of factors that can help people looking to buy or sell a condo in Chicago make an informed decision:
• New construction is making a comeback: The lack of construction during the downturn has contributed to today’s low inventory, but developers are recognizing opportunities and beginning to announce new projects. One such developer, Akara Partners, recently engaged Related Realty as the exclusive leasing team for 100 West Huron, a 28-unit condo building scheduled to break ground this fall. The 14-story building will include two-, three- and four-bedroom plans, a fully equipped fitness center, dog run and 24-hour door staff. As more developers act on current market conditions, buyers will begin to have more options.
• No large-scale developments on the horizon: While Chicago is still two-to-three years out from any large-scale new construction projects delivering, there are a number of smaller-scale new condo projects underway. For example, buyers can find an influx of three- and six-flat projects in areas like West Town, Wicker Park and Bucktown.
• Time is running out for existing inventory: The current sales pace and number of existing unsold condos suggests there is less than one year of inventory remaining in the market. Buyers interested in making a purchase should act now, while there is a greater choice of condos. South Loop Luxury by Related, a collection of 504 condos across three towers next to Chicago’s famed Museum Campus, represents one of few opportunities to purchase newly constructed condos in downtown Chicago. Each tower includes an array of upscale amenities, something that is unavailable in smaller condo buildings.
Chicago’s condo market is on an upswing, which is good news for both buyers and sellers. But understanding what’s driving that growth gives buyers and sellers the tools needed to make the right decisions. To speak with an agent about buying or selling a condo in Chicago, please contact Related Realty.
