Chicago Cheat Sheet: Yolk founder buys Hinsdale mansion…& more

Also, Hubbard Street ready to deliver first apartments in old Marshall Fields warehouse

Chicago /
Feb.February 25, 2019 05:00 PM

Taki Kastanis and 808 McKinley Lane (Credit: LinkedIn and Coldwell Banker)

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]


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