buildings-768773_1920

Lucky 21: Almost Two Dozen Highrises Currently Under Construction in Chicago

Highrises seem to be all the rage in Chicago. Currently there are 21 high-rises under construction within the city limits. What’s great for the construction industry might spell trouble for the rental market. While estimates vary, the building boom may produce up to 5,000 new rental/condo units. Are we heading towards a rental bubble in the next few years? 

One of our favorite blogs, Curbed Chicago has a great wrap-up of what’s going on:

http://chicago.curbed.com/archives/2015/10/06/chicago-highrises-under-construction.php

 

argyle-shared-street

A Little Bit Of Europe in Uptown

You might get a little confused walking in Uptown next year. Summer, 2016 will bring the first European type street plaza to Chicagoland. From Curbed Chicago ( http://chicago.curbed.com/archives/2015/07/21/construction-has-started-on-chicagos-first-shared-street.php):

The $3.6 million project will transform Uptown’s Argyle Street between Broadway and Sheridan Road, killing all curbs and reducing the vehicle speed limit to 15 mph to create a plaza-like feel to entice more pedestrians and bicyclists to visit the stretch. Engineering and architecture outfit Burns & McDonnell led the primary design duties for the project, which is expected to be completed next summer.