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Chicago Cheat Sheet: Yolk founder buys Hinsdale mansion…& more
Also, Hubbard Street ready to deliver first apartments in old Marshall Fields warehouse
Founder of Yolk restaurant chain buys Hinsdale mansion
Taki Kastanis, founder of the Yolk restaurant chain, and his wife, Jackelyn, bought a five-bedroom mansion in Hinsdale for $2.7 million. The 5,700-square-foot Tudor first listed for $4.6 million in March before its asking price was cut to $3.5 million and then $3 million. After opening his first Yolk in Downtown in 2006, Kastanis now has eight Chicago locations and other restaurants in Indianapolis, Florida and Texas. Coldwell Banker’s Dawn McKenna had the listing. [Chicago Tribune]
Leasing starts at The Field’s Lofts on NW Side
Hubbard Street Group has started leasing units in The Field’s Lofts, a 123-unit rental project that’s part of the larger mixed-used redevelopment of a 1.5 million-square-foot former Marshall Fields warehouse at 4000 West Diversey Avenue known as The Fields. Units range from 540 to 1,330 square feet, with starting rents running from $1,495 to $2,395 per month. [Block Club]
Chicago industrial market among tops for big leases in 2018
E-commerce and logistics firms were good to Chicago’s industrial market in 2018, helping it place among the top markets nationwide for big box leasing volume. According to a new CBRE report, Chicago notched five deals totaling 4.4 million square feet, putting it in fifth place nationwide. The report showed e-commerce and logistics companies claimed a larger share of the 100 largest industrial/logistics leases signed across the country last year than they did in 2017. [REJournals]
Home built by Civil War Union vet is demolished
A home in suburban Mokena that was built by a Civil War veteran was demolished after years of neglect, despite historians’ efforts to save it. Thomas Kiniry fought for the Union in the 100th Illinois Volunteer Infantry before buying a lot at 11031 McGovney Street in Mokena. He eventually built a home there. Historians last year launched an effort to landmark the building, but its owner decided to tear it down after discovering significant termite and water damage, officials said. [Daily Southtown]