How Well Do You Know Modern Chicago Real Estate?
Chicago used to be known as the Second City. Surpassing Philadelphia in the 1890s as the U.S.’ second-most populous city, soaring new buildings and lush green parks replaced the devastation of the 1871 fire. While the nickname is no longer accurate, the Windy City has seen a similar resurgence in its real estate market in the 2010s.
From the renovation of old Art Deco buildings to the construction of supertall residential high-rises, Chicago has become a city with properties as varied as its eclectic neighborhoods.
Think you are up to speed on the latest Chicago real estate developments? Test your knowledge with this quiz from Chicago Title Insurance!
To learn more about this Bisnow content partner, click here.
Which will be the tallest purely condominium residential high-rise in Chicago when completed?
YOU'RE CORRECT!
The Vista Tower is part of a collection of supertall residential structures under construction and will be the Windy City’s third-tallest building at 1,186 feet. One Bennett Park and 1000M will top out at 850 feet and 832 feet, respectively. The first 12 floors of Vista Tower will be occupied by a hotel, with floors 13 through 93 being dedicated to residential. Units in the tower will be priced between $1M and $18M.
YOU'RE WRONG!
The Vista Tower is part of a collection of supertall residential structures under construction and will be the Windy City’s third-tallest building at 1,186 feet. One Bennett Park and 1000M will top out at 850 feet and 832 feet, respectively. The first 12 floors of Vista Tower will be occupied by a hotel, with floors 13 through 93 being dedicated to residential. Units in the tower will be priced between $1M and $18M.
How much will the proposed renovations of the Old Chicago Post Office cost?
YOU'RE CORRECT!
After purchasing the vacant 2.5M SF Art Deco building from the late Bill Davies for $130M, 601W Cos. announced plans for a $500M overhaul of the building. The renovations call for a rooftop club level with a running track, restoration of the historic Art Deco lobby, a riverwalk, a pedestrian plaza and outdoor cafés. The developer also plans to lease office space.
YOU'RE WRONG!
After purchasing the vacant 2.5M SF Art Deco building from the late Bill Davies for $130M, 601W Cos. announced plans for a $500M overhaul of the building. The renovations call for a rooftop club level with a running track, restoration of the historic Art Deco lobby, a riverwalk, a pedestrian plaza and outdoor cafés. The developer also plans to lease office space.
Which development company bought the Tribune Tower for $205M in 2016?
YOU'RE CORRECT!
Los Angeles-based CIM Group, already the owner of the Block 37 development in the Loop, bought the iconic 36-story tower for $205M and an additional $35M at a later date. CIM plans to redevelop the 740K SF building. While plans have not yet been revealed, competing developers proposed condos, a hotel and retail space. Meanwhile, Tribune plans to move its employees out of the tower into new offices at 303 East Wacker Drive.
YOU'RE WRONG!
Los Angeles-based CIM Group, already the owner of the Block 37 development in the Loop, bought the iconic 36-story tower for $205M and an additional $35M at a later date. CIM plans to redevelop the 740K SF building. While plans have not yet been revealed, competing developers proposed condos, a hotel and retail space. Meanwhile, Tribune plans to move its employees out of the tower into new offices at 303 East Wacker Drive.
What is the Manhattan Building’s claim to fame?
YOU'RE CORRECT!
Rising 16 stories, an impressive height for its time, the Manhattan Building was completed in 1891 and was designed by architect William Le Baron Jenney. The building features distinctive rows of bay windows on its fourth through eighth floors. To lighten the load on the steel internal framework, engineers used a combination of a granite façade for the lower floors and brick façade for the upper stories. The building is a reminder of Chicago’s past and the innovative design techniques that will propel it into the future.
YOU'RE WRONG!
Rising 16 stories, an impressive height for its time, the Manhattan Building was completed in 1891 and was designed by architect William Le Baron Jenney. The building features distinctive rows of bay windows on its fourth through eighth floors. To lighten the load on the steel internal framework, engineers used a combination of a granite façade for the lower floors and brick façade for the upper stories. The building is a reminder of Chicago’s past and the innovative design techniques that will propel it into the future.
