Corcoran Urban Real Estate
 

Downtown To See Thousands Of New Apartments

Downtown To See Thousands Of New Apartments
If you're going to be looking for an apartment in downtown Chicago over the next two years you're in luck - they're building a lot.

The Chicago Tribune recently published an article examining a building boom in progress and took a count of all the new construction rental apartments that will be coming online in the next two years. It's a big number - 8,000.

The building boom is also extending beyond the Loop, to the West Loop, South Loop, River North and Streeterville. Add to that the well-reported building boom that will bring 1500 or so apartments along Milwaukee Avenue on the city's Northwest Side and a recent surge in developer interest in Transit-Oriented Development - a concept that encourages density near rail, and the city is destined for more density and soon.

Read more at the Chicago Tribune here and Curbed Chicago here.