Apartment City

CHICAGO – The co- development team of Conor Commercial Real Estate , a national real estate development firm and a member of The McShane Companies , and Ravine Park Partners (RPP), a Jeff Annenberg and Greg Moyer company , is pleased to announce the groundbreaking for Woodview Apartments, a new 248- unit luxury apartment development in Deerfield, Illinois.  Prominently situated at Deerfield Road and Interstate 94 in the north suburban Chicago market , the multi- family development will provide luxury rental residences incorporating an upscale array of features together with well- appointed tenant amenities .  The co- development team will begin tenant occupancy in first quarter of 2015 while the remaining portions of the complex will be completed in summer 2015. The four-story, 432, 000 square foot apartment development will be constructed with thoughtful architectural and landscape design in order to seamlessly integrate into the surrounding neighborhoo...

It’s common knowledge that a window view of New York’s Central Park saps a hefty premium from your account. Still, one development company recently redefined what “premium” means, listing an apartment with a view of the iconic park for a surreal sum of $250 million. The apartment spans floors 50 to 53 of the 220 Central Park South skyscraper; its developer,  Vornado Realty Trust , revealed the price in a filing to the New York attorney general , The Real Deal reported. Given recent headlines about New York apartments on sale for $100 million, $115 million, or even $120 million, another nine-figure listing may not sound that groundbreaking. So let’s take a step back. How much is $250 million in the real estate world ? It’s about the construction cost of the entire Chrysler Building —in today’s dollars. For the same money you can buy the three of the most expensive estates in the Hamptons and still have enough money left to buy a 2-bedroom apartment on the Upper West Side —with a view...

More than three years after the proposal for new apartments and retail at 2340 N. California Avenue first surfaced, the project’s developers have finally broken ground . According to developers Hunt Investment Management and Savoy Development , workers have finally begun constructing a new six-story building at the site. The project, which currently does not have a formal name or branding yet, will eventually deliver 138 apartments , 44 vehicle parking spaces , and roughly 9, 000 square feet of ground floor retail space to the booming Logan Square neighborhood by fall 2018. While it was proposed around the same time as other nearby transit-oriented developments that have been completed and open for at least several months, the plan to develop on California had experienced a number of alterations and setbacks since it was introduced in April 2014. Originally dubbed “California Studios,” the plan from Savoy Development sought a dense 66-unit project with 63 units being studio apar...