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In June 2013, a venture of Chicago-based real estate investment firm Hearn Co., New York–based investment firm Mount Kellett Capital Management L.P. and San Antonio–based developer Lynd Co. closed on the expected acquisition of 875 North Michigan Avenue's 856,000 square feet (79,500 m 2 ) of office space and 710-car parking deck.
Parkway Gardens Apartment Homes, built from 1950 to 1955, was the last of Henry K. Holsman's many housing development designs in Chicago. Holsman began designing low-income housing in Chicago in the 1910s when an urban housing shortage developed after World War I.
Chicago City Council approved the plans in an October 31 meeting. [34] All of the buildings in Lakeshore East are luxury condos and high-end apartment highrises. Many of them are named with an aquatic theme. In addition to the luxury skyscrapers, the development will include 24 ultra-luxury town homes in the $2 million price range. [35] [36]
In 1994, the Illinois Historic Preservation Agency and the National Park Service determined the Julia C. Lathrop Homes to be eligible for listing on the National Register of Historic Places. [2] In December 2010, the Illinois Historic Sites Advisory Council advised that it be listed. [7] It was listed on the National Register February 21, 2012. [1]
[a] [6] In February 2013, Vaughn offered the penthouse for sale as a pocket listing for $24.9 million. [ b ] However, after multiple price cuts he chose in May 2016 to divide the unit in two, offering one for $8.5 million, [ c ] and the other smaller unit for $4.2 million.
Gold Coast has a long tradition of being home to some of the nation's wealthiest and influential residents. These include: J. B. Pritzker – businessman, venture capitalist, politician and current Governor of Illinois; Lori Greiner – inventor, entrepreneur, and television personality; Vince Vaughn – actor; Lee Miglin – real estate developer