A joint venture is proposing more than 900 additional housing units south of River City, according to a proposal unveiled last week.
The developers, CMK and Australian construction company Lend Lease are also planning to build 2,700 homes north of River City in a riverfront site they've dubbed River South.
If all their plans come to fruition, the area could be home to thousands of additional residents and look very different in a decade.
Read more on the proposal, which is being built under the current zoning, here at Crain's.
If you've been looking for a new home in Lincoln Park, then you may be in luck (though you'll probably have to wait a year or so).
A new developer came forward yesterday with a plan to redevelop a former industrial site at Wrightwood and Hermitage with two, four-story residential buildings.
The project would include a mix of 30 condos and 60 rentals and has been designed by Pappageorge Haymes Partners. The average size of the apartments would be 2,500 square feet.
The plan would also include substantial landscaping with trees and lawns.
Check out more here at Curbed Chicago.
It looks like developer Centrum Partners have been given the green light to move forward with a new, mixed-use building for a corner site adjacent to the new 606 trail.
The developer reduced the overall unit count on the project from 128 to 95 and then dropped the height to five and a half stories. The project will be anchored by an Aldi that currently occupies the corner of Milwaukee Avenue and Leavitt.
DNAinfo has more renderings of the project here. Curbed Chicago has another write up here.
Fannie Mae is changing a regulation that could mean qualifying many borrowers to become homeowners.
The agency announced this week that they're overhauling their HomeReady program to allow underwriters to consider the income of a co-habitating, non-borrower when calculating the debt-to-income ratio, a key metric in qualifying a potential home-buyer for a mortgage.
This change could greatly expand opportunities for minority home-buyers, according to the agency, where there is often income from members in multi-generational households.
For more, head over to Chicago Agent Magazine here.
A new 15-story apartment building has been unveiled for Printer's Row, with a total of 90 rental units, from developer LG Construction.
The land is a fairly small parcel, about a quarter of an acre. The units will average around 350 square feet each and about $1,000 in monthly rent. The development is also planning to include 40 rooms as extended stay, furnished hotel-style rooms.