Chicago Cheat Sheet: David Axelrod sells Mag Mile condo…& more

Also, Stratford Square Mall undergoing redevelopment after losing anchor tenants

TRD CHICAGO /
Apr.April 30, 2019 05:00 PM
David Axelrod and 180 E Pearson Street (Credit: @properties)

David Axelrod and 180 E Pearson Street (Credit: @properties)

Change of scenery for politico Axelrod and wife

Longtime political strategist David Axelrod and his wife, Susan, sold their Magnificent Mile condo after eight months on the market. The couple listed the three-bedroom unit in August for $3.25 million and cut their asking price to $2.95 million in October. The condo sold for $2.5 million. It is on the 42nd floor of Water Tower Place at 180 East Pearson Street. Eugene Fu of @properties had the listing. Axelrod, the former adviser to President Barack Obama, in September bought a South Loop condo with his wife for $1.6 million. [Chicago Tribune]

Stratford Square getting facelift after loss of anchors

The Stratford Square Mall in Bloomingdale is undergoing a number changes as it looks to rebound from the loss of three anchors in five years. The mall recently added the 25 West Brewery Co. and Strada Italia restaurant to its lower level, and a Texas Roadhouse is going up on an outlot. Woodman’s Food Market, meanwhile, is set to open a 243,000-square-foot location on the footprint of the former Macy’s store. And construction has started on the Springfield Pointe residential complex on the south side of the property. [Daily Herald]

Brewery leaving Pilsen for South Loop, adding restaurant

Moody Tongue is set to move its brewery from Pilsen to the South Loop. The microbrewery is taking over the shuttered Baderbrau brewery at 2515 South Wabash Avenue, where it will add a fine-dining restaurant and tasting room. The Pilsen taproom at 2136 South Peoria Street will remain open until the South Loop location is up and running. [Block Club]

Arlington Heights mixed-use complex stalls

A developer’s plan to build a large mixed-use complex in downtown Arlington Heights is on hold amid a debate over affordable housing in the project. Norwood Builders’ Arlington 425 project calls for a four-story, 54-unit residential building facing Chestnut Avenue; a nine-story, 182-unit apartment building with commercial space on Campbell Street; and a 13-story, 125-unit apartment building on Highland Avenue. But the two sides sparred this week over how much affordable housing would be included and how much it would rent for, prompting the village to postpone a vote. [Daily Herald]

“SNL’s” Sweeney sells Wilmette home for asking price

Former “Saturday Night Live” cast member Julia Sweeney and her husband sold their six-bedroom Wilmette home for the $1.3 million asking. Sweeney and biophysicist Michael Blum listed the house in February because they moved to Los Angeles. They paid $1.1 million for the now 141-year-old house in 2008. Kevin Rutherford of Baird & Warner had the listing. [Chicago Tribune]


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