UPDATE, June 6, 7:50 a.m.:
One Bennett Park condo deal adds to run of big-ticket sales
Related Midwest recorded the latest pricey sale of a condo in its One Bennett Park tower in Streeterville this week. The 5,100-square-foot unit on the 56th floor of the building at 451 East Grand Avenue sold for nearly $6.4 million. It’s the 29th Chicago-area home to sell for $4 million or more this year, according to Crain’s. Related’s Erin Ward represented both the developer and buyer, who was not yet identified in public records. So far, twelve sales have closed in the building, which contains 69 condos and 279 rental units. [Crain’s]
Chicago getting a Huddle House
Atlanta-based restaurant chain Huddle House plans to open its first Chicago location in the spring. The popular 24-hour diner will open in a new mixed-use complex on five acres at 9401 South Stony Island Avenue in Calumet Heights. The development also will feature a 134-unit senior housing complex along with another possible retail tenant. Huddle House has 344 locations nationwide — including 9 in southern Illinois — but none in the Chicago area. [Chicago Sun-Times]
“Hungry Hound” selling Bucktown home
The local TV food reporter known as the “Hungry Hound” is selling his five-bedroom home in Bucktown. Channel 7’s Steve Dolinsky and his wife, Amy, listed the 4,000-square-foot home for more than $1.2 million. Dolinsky has been with the station since 2003, and the couple also run Pizza City, USA, a company that offers pizza sampling tours. They paid $1.1 million for the house in 2005 and listed it for more than $1.2 million last month before trimming $20,000 from the asking price. [Chicago Tribune]
U.S. Bank closing Chicago branches
U.S. Bank is in the process of closing 22 Chicago-area locations. The closures mean the Minneapolis-based lender will shed 13 percent of its local branches by the end of this month. U.S. Bank is the 10th-largest bank by deposits in the six-county Chicago area, and it joins Bank of America, JPMorgan Chase, and Fifth Third Bank in shedding locations here in the past year. [Crain’s]
This story has been updated to correct the amount of the price cut in the Steve and Amy Dolinsky home sale item.