Tuesday, October 25, 2016

RiNo in 4 Years, According to Developer Rendering

The River North neighborhood has gone from industrial corridor to hipster magnet, full of bars, restaurants and apartment buildings. And this week, developers of the area released a rendering of what the neighborhood will look like in four years (see the image above), when at least fifteen projects currently in the works are complete or will be near completion.

Responsible for much of the redevelopment is OZ Architecture, whose projects are highlighted in yellow above. More about a few of its RiNo projects below. (Full disclosure: OZ redesigned Westword's office space.)

The WTC will blocated along 38th Street between Walnut and Blake streets. According to its website, OZ "will develop the master plan for the extensive campus, to be anchored by a flagship hotel. The development will also include approximately 250,000 square feet of best-in-class office space for both large and small businesses from around the world, an international business and conference center, a flex-work environment, an array of multicultural restaurants, diverse retail, an art gallery and a parking structure."

tial condominiums, an incubator office space, and plenty of retail and restaurant locations on the ground floor." DriveTrain will be walking distance to the Light Rail A Line station at 38th and Blake. Groundbreaking will happen sometime next year. OZ will also redevelop the old Gold Star Sausage processing plant at 2800 Walnut Street, which 1425 Market LLC bought in 2015 for $3.2 million

Source: Anna Campbell, Westword.com
Image Source: Westword.com

Tuesday, October 11, 2016

Neighborhood Price Change Map!

This awesome price change map shows you, by neighborhood:
  1. The average sales price of homes that have sold in the last 12 months
  2. Whether the neighborhood has gone up (green) or down (red) in the last 12 months compared with the previous 12 months. 
  3. How many sold in the last 12 months. 
  4. How many are for sale.
  5. How many are under contract.
  6. And the months of inventory, meaning how long it would take for al the homes for sale to be absorbed by the buyers. The lower this number is, the hotter that neighborhood is.