Urban Real Estate

Chicago Construction On Fire

Chicago Construction On Fire

Anyone can see that downtown Chicago's skyline is dotted, not only with a great many tall buildings, but, recently, a series of towering cranes.

At a ground-breaking today to celebrate the high-rise project "One Bennett Park" at 451 E. Grand Ave., Mayor Rahm Emanuel said that the crane for that building is the 48th to operate in Chicago this year alone. This tower's crane represents a post-recession record, the mayor's office said, for a number of cranes operating in the city at one time.

Buildings permits are also at a post-recession high. 40,000 have been issued through October of this year, an increase of 2,000 from one year ago.

Read more at this great write-up from Curbed Chicago.