Chicago Cheat Sheet: Evanston condo sale breaks record … & more

TRD CHICAGO /
Nov.November 14, 2018 05:00 PM

The Residences of Sherman Plaza

Evanston condo sale breaks record

A four-bedroom unit atop the Residences of Sherman Plaza condo building sold for $2.7 million, an all-time condo sales record for downtown Evanston. The unit occupies the entire 25th floor of the north-south wing of the building. Listing agent Robin Depeder of @properties said she ended up selling the condo to someone in the building after it went on the market for $2.9 million. [Chicago Tribune]

Golub planning Oak Park apartments near Unity Temple

Golub & Company is proposing a 28-story apartment building near Frank Lloyd Wright’s Unity Temple in Oak Park. The Chicago developer wants to build the project on the current site of a U.S. Bank drive-thru at 835 Lake Street, and is expected to present formal plans later this month. [Curbed]

Beverly mansion sells for $1M+ again, breaking neighborhood record

A 110-year-old home on Longwood Drive in Beverly on the far Southwest Side sold for a neighborhood record of $1.12 million. Beverly has recorded only three sales of more than $1 million, and two were the same five-bedroom on Longwood that was just sold by Martin and Megan Boguszko. The only other Beverly house to trade for more than $1 million is an 11-bedroom home on Hopkins Drive that traded for $1.075 million in 2009. [Crain’s]

Brinshore lands TIF money to build Humboldt Park theater, apartments

Brinshore Development will get $4.25 million in tax-increment financing to build a mixed-use project with 24 apartments and a 99-seat theater at 2709-15 West Division Street in Humboldt Park. The project, five years in the planning, is expected to cost $11 million. [Block Club]

Chicago architecture guide author sells Wilmette mansion

Former Landmarks Illinois President Judith Paine McBrien and her husband, Vincent, sold a six-bedroom home in Wilmette or $1.1 million. Paine McBrien is known for co-authoring the W.W. Norton book “Pocket Guide to Chicago Architecture.” The house first was listed in July 2017 for $1.3 million and was reduced twice to $1.2 million in June. [Chicago Tribune]

Evanston won’t detail donations to tear down Harley Clarke Mansion

Evanston officials are refusing to reveal how much donors gave individually to a $400,000 fund being used toward the tear down of the historic Harley Clarke Mansion. The city has denied multiple Freedom of Information Act requests asking for the information, and now the Illinois Attorney General wants to review the donor information to determine if it should be publicly released. The mansion has been vacant since 2015. [Evanston Review]

GK considering converting Barrington office into condos

GK Development is considering converting its Barrington office building into condominiums. The firm’s three-story building at 257 East Main Street is 60 to 70 percent vacant, officials said. Current zoning would allow condos on the upper floors, but the firm would have to get village approval to put condos on the ground floor, officials said. [Daily Herald]

DuPage Airport tenants using loophole to get out of paying property taxes

Seven current and former businesses that operate on property leased to them by the DuPage Airport Authority owe nearly $770,000 in back property taxes. The firms are exploiting a loophole in state law that fails to penalize tenants operating businesses on government property who ignore tax bills because the property can’t be seized for noncompliance. [Daily Herald]

 

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