Articles About River North

A sign of Chicago’s River North neighborhood’s inherent commercial strength is the recent $165 million sale of the 424-room Westin River North Hotel at 320 North Dearborn Street.  The purchase price was approximately $389,000 per room, an excellent price considering that the hotel market nationally has struggled.  The price was 37 percent higher than Tishman […]

Downtown Chicago apartment buildings – especially Class A properties – are seeing a resurgence in occupancy and rental rates as residents apprehensive about the condominium market choose to rent rather than buy.  The average effective rent of downtown apartment buildings climbed to $2.17 PSF in the second quarter, a 2.4 percent increase over the first […]

The Alter Group’s One11 West Illinois Street, its 10-story, 227,604 SF Class-A-to-own office building in downtown Chicago’s dynamic River North neighborhood recently received a rave review and from the Chicago Tribune’s Pulitzer Prize-winning architectural critic Blair Kamin. Kamin praised architect Martin F. Wolf, Senior Principal with Solomon Cordwell Buenz & Associates, who “was challenged with a […]