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Chicago Construction Report - May 2015
May 8th, 2015 2:09 PM

Chicago Construction Report - May 2015

                                              Chinese Version

With summer drawing near, major construction projects are launching throughout the windy city. The large amount of projects can be partly contributed to a recent construction boom in Chicago, which has generated a lot of opportunities for commercial and residential developers.


Chief among some of Downtown Chicago’s latest additions are the Arkadia Tower & JeffJack Apartments. Both buildings boast impressive amenities as well as prime downtown locations. These new downtown apartments really cater to the increasing millennial market, who don’t want to commit to a mortgage anytime soon.


Looking forward, it is estimated that this surge in construction will lead to 3,000 new apartments downtown by years end. A couple projects that will soon be breaking ground include:


The Sinclair

The Sinclair will be a 35 story apartment building located at 1210 n. Clark. The impressive building will feature everything from studio apartments to 3 bedrooms, and will be aiming for LEED certification. To achieve LEED certification, The Sinclair will have a podium-top green roof and utilize recycled construction materials.  

East Village  Apartment Complex

Just having received building permits from the city, the construction  for this $13 million apartment and retail development will likely begin very soon. Stationed between 1822-50 W Chicago ave, this complex will feature 59 apartments, 15.000 sq ft of ground retail floor space, and 49 parking spots.

 

It is indeed a very exciting time for developers in Chicago. Being that we are in a city that is so informed by it’s world class architecture, we here at PahRoo cannot wait to see how this new wave of construction adds to the city’s impressive legacy.

Posted by Michael Hobbs on May 8th, 2015 2:09 PMPost a Comment

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