Woodlawn Projected To Be Redfin’s Hottest Market of 2017

It is no secret that investment in the right neighborhood is crucial to any prospective buyer or developer. So where does someone shopping for property in Chicago seek advice on the best neighborhoods the city has to offer? Steele Consulting Group has invested and developed in upcoming neighborhoods such as Woodlawn and its surrounding areas of the South Side, as evidenced by this Chicago Tribune article. Our hands-on approach gives us the confidence to predict that these neighborhoods are prime for current investment and development projects before property values surge to meet demand. Redfin agrees and reinforced our confidence, ranking Woodlawn as one of the hottest Chicago housing markets for 2017. They generate this list based on the most recent...

Property Development Market Surges in 2016

"U.S. homebuilding rebounded more than expected in December as a strengthening economy boosts demand" - Reuters After years of turbulence and pessimism in the housing market, it appears that the market is beginning to recapture some of its former glory. Housing starts have jumped 11.3% to an annual rate of 1.23 million units last month and new projects increased by 4.9% to 1.17 million in 2016, indicating that savvy investors and property developers are optimistic and hopeful about the future of the market. Amidst the incoming Trump Administration and his promise to deregulate the industry, many developers are seizing the opportunity to begin new projects. "A survey on Wednesday showed homebuilders' confidence easing slightly in January, but remaining not far from...

Chicago Museum Gains Much Needed Star Power

According to Crain's Chicago, Chance the Rapper has just been appointed as the newest board member for the DuSable Museum. The DuSable Museum, which specializes in African American history is located in Chicago's Washington Park. Chance joins eight new board members which include Dr. Eric Whitaker, a close friend of President Obama. The CEO of the Museum, Perri Irmer hopes to boost traffic at the Museum in anticipation for the new Obama Presidential Center. Whitaker also has big plans for the museum highlighting that he has complied over thirty individuals to drive the museum forward. Chance and Whitaker add some much needed 'star power' to the museum. “We need a museum in Chicago that will tell the African-American narrative and...

Woodlawn Wins Curbed Chicago’s Annual Neighborhood of the Year 2016

The votes have been counted and Woodlawn has won the prestigious Curbed Cup for 2016. Long seen as an underdog in the competition, Woodlawn battled against sixteen other Chicago neighborhoods for the prestigious honor of being crowned Chicago's neighborhood of the year for 2016. The victory for Woodlawn has reinforced the trending idea that many of Chicago's South Side neighborhoods are rapidly becoming highly desirable to new millennial buyers and savvy investors. With Pullman earning the crown in 2015, it appears that historical favorites like Lincoln Park and Lakeview will face strong competition in the future. "The win this year is a testament to the strength of the community and the awareness and desire to spread the good word about...

Tiger Woods Designing South Shore Championship Golf Course

As reported by Crains & Chicago Tribune: Golf great Tiger Woods is leading a $30 million project to transform two Chicago Park District-run courses on the South Side into an 18-hole championship course that could host PGA Tour events. "Another great win for Woodlawn," says Steele. "Woodlawn has so much to offer, including an already stunning 18 holes of golf. This is icing on the cake." The Chicago Tribune reported today that the 14-time PGA Tour major winner and Mayor Rahm Emanuel are backing a plan to renovate the Jackson Park and South Shore courses along Lake Michigan over the next few years, aiming to open the new public course on the land in 2020. The mayor's office will also announce the...

Suspension Bridge That Soars Over Lake Shore Drive At 35th Street Opens

[gallery ids="25860,25861"] BRONZEVILLE — A tall, sleek white bridge designed to allow cyclists and pedestrians to soar over Lake Shore Drive at 35th Street was set to open Wednesday evening, officials said. Mayor Rahm Emanuel was scheduled to celebrate the opening of the city's second suspension bridge that spans the southern portion of Lake Shore Drive. Unlike the narrower bridge that previously straddled the drive at 35th Street, the suspension bridge will be 20 feet wide and fully accessible to people with disabilities, city Transportation Department spokesman Mike Claffey said. Like San Francisco's Golden Gate Bridge, the weight of the 35th Street bridge is suspended over the roadway "by cables, ropes or chains from two tall towers." [Read the full...

$100 Million Proposal Would Transform South Side

"Chicago Today is Two Cities" Lured by a $100 million carrot, a Chicago civic group is ramping up its effort to revive plans for expanded transit service in the bustling and increasingly congested Loop area with a new element: better transit to the Barack Obama library site, too, combined with new investment in housing and jobs on the South Side. The new proposal comes from the Chicago Central Area Committee, a 60-year-old organization focused on growing and making downtown work better. It's being disclosed now because CCAC is bidding for an innovative $100 million grant that Chicago-based MacArthur Foundation is offering for the best big idea worldwide. Those applications were due early October, and the foundation is expected to release...

Chicago’s Landmarks Commission Honors SCG Graystone Mansions

The Commission on Chicago Landmarks honored 13 unique redevelopment projects, including Steele Consulting Group's Graystone Mansions at 928-30 E 42nd Place, with the 2016 Preservation Excellence Awards on October 13. "The awards reflect outstanding commitments by private property owners to preserve and promote the City's architectural heritage and its enduring impact on the character of our neighborhoods," said David L. Reifman, commissioner of the Chicago Department of Planning and Development, which provides staff services to the Landmarks Commission. The awards were presented to project representatives at the former Chicago Athletic Association building. Held for the 17th year, the ceremony included property owners, architects, design professionals and historic preservation specialists and advocates. The honorees were chosen by the Commission's Permit Review Committee,...