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New Projects in Chicago Show 2025 Market Optimism
Looking forward to 2025, developers are cautiously optimistic the market is coming around and development firms will see more projects getting off the ground. In the meantime, developers are turning to reliable asset classes such as multifamily housing.and mixed-use projects. Several major development projects in Chicago represent a market on the rebound and ongoing housing…
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Chicago Universities Will Bring Exciting New Development to the City
Chicago universities Northwestern and DePaul recently announced plans for new buildings on campus. Even though less-than-ideal market conditions have stalled many projects in urban areas, higher education institutions are proving an exception to the rule. Colleges and universities are moving forward with improving buildings and facilities on campus. DePaul is building a new basketball practice…
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Projects Pick Up in Chicago as the Summer Comes to a Close
Development teams are getting back into the office as the summer comes to a close and getting busy with some exciting projects in the Chicago area. The recent interest rate cuts mean there’s hope a shift in the market is on the horizon, and many firms are staying busy and penciling deals in the interim.…
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New Homes for Chicago Sports Teams
Chicago sports teams may not be on a winning streak these days, but the city is looking to turn that around with several new, multi-billion-dollar stadiums. The Bears seem to be headed in the right direction after this season, and with a new stadium, could be in an even better position for a comeback. The…
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Developers Submit Mixed-Use Development Zoning Applications in Chicago
What’s New in Chicago: As 2024 approaches, Chicago’s commercial real estate market is finally seeing an uptick, with commercial office, multifamily, and industrial opportunities continuing to pop up. Here’s a look at this month’s major market trends and development updates:
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Chicago Real Estate Market Sees New Industrial & Mixed-Use Development
Development Updates in Chicago: New industrial and mixed-use real estate developments are cropping up across Chicago this summer. The projects will bring new office, retail, and housing stock, and a new UChicago medical center, to the city. Here are the latest major development updates planned for the summer.
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Despite Rising Costs, Chicago Construction Projects Progress
The Chicago real estate market has seen tremendous growth following the disruptive effects of the COVID-19 pandemic. In the first half of 2022, more than 20 projects have been added to the city’s development pipeline. The majority of these projects are a mix of high-end residential apartments, condominium developments, and community-focused affordable housing projects funded…
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Mega Development Takes Center Stage, Shapes Chicago Real Estate Market
Chicago has a lineup of several new mega-developments that will be neighborhood-defining projects. Chicagoans across the city will experience the look and feel of an updated landscape as the projects are spread across the city.
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Industrial Real Estate Development is on the Rise in Suburban Chicago
While Chicago development is hot overall, industrial development is especially picking up in areas surrounding downtown Chicago. Right now, there is limited inventory and a very high demand for quality built industrial space. As a result, development is picking up to meet the needs of manufacturers and those in the e-commerce industry.