Real Estate Watch
Top Categories
Parking-Lite Residences Sprouting All Across Chicago
The resurgent downtown economy and the growing demand for car-lite living, both in Chicago and nationally, have spurred an apartment-building boom that's transforming neighborhoods citywide. Many of these apartments are rising along the Chicago Transit Authority's rail lines, partially thanks to a recent change to the city's zoning ordinance that has made it easier to build parking-lite buildings near transit.
December 29, 2014
Montrose Green TOD Actually Fits Its Neighborhood Just Fine
Developer David Brown wants to bring a neighborhood restaurant to a site right outside the the Chicago Transit Authority's Montrose Brown Line station, along with 24 apartments, a small office space, and 10 car parking spaces. The city's zoning ordinance would ordinarily require him to fill the entire ground floor of his proposed five-story Montrose Green building with 24 parking spaces. However, Brown has requested that 47th Ward Alderman Ameya Pawar change the site's zoning to permit more housing and less parking, under what the city terms transit-oriented development.
December 18, 2014
New Development, Investment Anticipates Future Bloomingdale Trail
The Bloomingdale Trail is attracting new investment along its length, including the construction of new multi-family and single-family housing. The blocks bracketing the multi-use path and adjacent parks (collectively known as the 606) saw less construction than their wider neighborhoods during the 2008-2009 recession -- but now construction is picking up. Investors and developers are confidently saying that the 606 will not just be a great amenity for their customers, but a crucial transportation link as well.
November 17, 2014