Overwhelmed by the Comeback?
If real estate memes have taught us anything, we are all aware that it is nearly impossible these days to successively go "under contract" on a home without a cash offer or fully underwritten loan, offering over the asking price, and likely going into the transaction having only viewed the property virtually or "sight unseen". This has become the new norm in the residential real estate world, but what about commercial? Initial thoughts go that it must be hurting right? Think again.
In my 11 years as an active real estate broker, I have never experienced situations in the commercial world where landlords and owners are able to make a decision among multiple letters of intent. It has, welcomely so, become my common practice in the past couple months. Buildings that have sat vacant for a year or more are being shown multiple times. Empty storefronts are now being noticeably filled. Commercial businesses are thriving due to increased cash balances in people's bank accounts, and the fed buying bonds which inject trillions into the money supply. However those same businesses are also having trouble finding people that want to come back to work. It is hard not to think that this can all be some sort bubble that is prone to burst? But hey, we are all resilient and prepared for that at this point right?
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Made X Hudson is a newly launched small batch, cut-and-sew garment factory in the Hudson Valley. Run by staff with decades of garment industry experience, they are on a mission to produce ethical and sustainable products. MxH works on product design & development, sampling, and production with a minimum of 20 units per product. Their capabilities span from home goods like pillows to luxury women's wear like suits and dresses. If you'd like to produce or partner with them, feel free to reach out to eric@madexhudson.com. Learn more at madexhudson.com.
Eric De Feo is a long-time friend with an entrepreneurial spirit. Eric's areas of expertise include strategy, funding, systems design, project management, and operations leadership in various business environments. Prior to Made X Hudson, he ran a hydroponics start up, managed real estate, and worked in management consulting, leading diverse teams through complex processes. Eric is the founder of the Hudson Community Incubator, a startup program for Main Street businesses in the Hudson Valley. CP Founders, Amanda and Kris, had a great time visiting Hudson Valley this past MDW and seeing all that this artist enclave has to offer!
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The heart of Chicago’s famed Meatpacking district, today called the West Loop, commonly known as Old Noble Square, is a place where 100-year-old family run meat packing companies continue to thrive. Identical to New York’s meatpacking district which is where Google maintains its Corporate NYC Offices at Chelsea Markets. Site location abuts neighbors, both family ran enterprises, whereas Tempesta Market is a delicatessen meat market proper, whose operators draw inspiration from Italian culinary tradition. The other abutting neighbor is a Great Chicago institution, Bella Notte, a signature place for fine Italian family cuisine. Operating over 25 years, this iconic spot is a hidden gem that will be around for generations to come. Immediately next door is The Artistic Home, best theater in the Chicagoland area bar-none, a true find and a mainstay for many famous Chicago Actors. The anchor of the block is the location for offer, formerly Oggi Trattoria, a long-operated neighborhood favorite. This site thrives on longevity and authenticity.
The West Town community area supports a growing population of 85k and 38k total households. With the majority of the population below 50 years of age, and a median Household income of over $100k. Over 55% of the community areas are renter occupied housing. Daniel La Spata is the local Alderman, as the property is located in Ward 1. The West Town Chamber of Commerce throws the annual West Fest which started in 2004 and has slowly become one of Chicago's well attended street festivals which is partly attributable to the extra wide streets on Grand which used to support food vendors and retailers over a century ago.
Check out the full listing here!
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This globally acclaimed showcase features original and authenticated works associated with, arguably, the most intriguing and talked-about artist in modern history. On display are prints, canvasses, screen-prints, sculptures, unique works and limited-edition pieces mainly dated between the years 1997 to 2008, the period which resulted in Banksy’s most recognizable and well-known works.
The exhibit features iconic works such as ‘Girl and Balloon’, ‘Flower Thrower’ and ‘Rude Copper’ alongside some of Banksy’s lesser known masterpieces. Banksy is most infamous for his outdoor art which can be found in streets all around the world. Banksy’s indoor pieces - original and unique works on canvas, wood and paper - have been less exposed and are also on display at this exhibition.
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We love the new push towards these immersive art exhibits in the City. Come join us for this event, get your tickets here
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Even though we are in full blown summer mode, seems like Chicago will be experiencing some much needed rain. Share with us what some of your favorite rainy day activities are. Do not let the drought of the pandemic continue to permeate through - we always love hearing from you!
info@coordinateproperties.com
(847) 409-4900
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