A panel of real estate developers convened to discuss some wide-ranging topics last week for an industry event.
The panel, which featured McCaffery Interests' Dan McCaffery, Belgravia Group's CEO Alan Lev, Magellan Development's Co-CEO Joel Carlins and Fifield Companies Vice Chair Randy Fifield.
They addressed topics including the housing recovery, construction of rentals versus condos and the new affordable housing ordinance in Chicago. They think the recovery has more steam, don't like that new ordinance and think Rahm Emmanuel is good for the city.
Chicago Magazine has a write-up on the panel and you can read it all by heading over here.
A new 500-unit development is gearing up in Pilsen.
New York-based Property Markets Group will build the development on a vacant 7.85-acre site between 16th and 18th Streets and Newberry Avenue and Peoria Street.
The property, PMG Windy City is, according to the developers a "one-of-a-kind project strategically located within the city of Chicago, steps from thriving retail, public transportation and several major highway corridors."
PMG is doing more in Chicago and plan to begin construction this year on a new 120-unit building called simply "L" on Milwaukee Avenue in Logan Square.
For more on the Pilsen project, head over to DNAinfo.
Speaking of rentals versus condos, sales have begun at a new condo project in downtown Chicago.
Related Realty's project "Strata," a 27-unit building at 847 N. Larrabee, will begin construction this summer. The prices will range from $799,000 for a three bedroom to $2.1 million for a full floor unit.
It's being described by the developer as a "modern European design."
For more, head over to Crain's here.
And finally, take some time out for a tour of old-timey Chicago.
Now available online, a ten-minute tour exploring Chicago in 1948 produced by MGM studios takes a trip from downtown to the Edgewater Beach Hotel and then back through Downtown to Hyde Park.
The film shows that while the architecture of Chicago has evolved, the city had and still has a stunning skyline and lots of reasons to brag.
For the tour, head over here.