New Homes in Chicago, IL 314 Communities

New Homes in Chicago, IL 314 Communities

Made my first visit to Hyde Park Labs (at that link, click on “View Brochure” for everything you’ll ever want to know about Hyde Park Labs) at 5201 South Harper since this was still a fenced-off dirt lot waiting to get started. Well, not only has it started, but the crane’s in the air and the core has risen to — let’s call it the fifth floor. It’s always weirdly sad to me when a building wraps up construction and there’s nothing to watch anymore, but this one legit tugs at the heartstrings, knowing Helmut Jahn isn’t here to enjoy its completion. The days of watching construction at 1000M are drawing to a close.

  • The property also plans for an outdoor swimming pool, some co-working space, a fitness center and more.
  • No. 9 Walton has truly redefined luxury living in downtown Chicago while also establishing itself as one of the Windy City’s premier condo towers.
  • Cladding is approaching the roofline for the new high-rise at 225 North Elizabeth Street in Fulton Market.
  • The developer, Magellan, also is planning a 650 foot tall combination apartment and hotel tower for Parcel O.
  • Brian Atkinson, managing director at Hines, and Michael Ellich, senior vice principal at Related Midwest, also were featured in the panel.

The developer also installed new soccer fields on the site’s western edge. The entire Lincoln Yards development is expected to take ten years to build. The developer, Magellan, also is planning a 650 foot tall combination apartment and hotel tower for Parcel O. There are no concrete proposals on the table for the buildings that have yet to be redeveloped, nor are they actively for sale, community leaders said. But “the 46th Ward continues to see interest” from developers, Ald. James Cappleman (46th) said at a community meeting Wednesday night.

In collaboration with our affiliated companies, we offer a range of additional services. And just last week, the City Council’s Finance Committee approved a $5 million grant program to encourage neighborhood restaurants and other cultural establishments to open new locations on LaSalle Street. The COVID-19 pandemic and a switch to remote working only accelerated that process of decline, said Crain’s Chicago Business commercial real estate reporter Danny Ecker. Weldon described the steps his company took in order to integrate the river into Southbank. The riverwalk was elevated with natural materials then landscaped with self-sustaining prairie plants. Lendlease is also planning a water taxi stop, a kayak launch and an amphitheater all along river’s edge.

, for the final construction visit?

It is located at the meeting of the Chicago River’s main, south and north branches at 343 W. Interest rates and inflation have hit construction budgets, while remote work has caused some companies to reconsider how much office space they need. Developers push new plans despite those headwinds, but analysts believe some projects could remain on hold for a while, even if they get zoning approval. A New York-based developer that has invested heavily in Chicago is seeking zoning approval for two new projects west of downtown, including a three-tower complex that could add more than 1,500 residences to Fulton Market. New construction homes for sale in Chicago, IL have a median listing home price of $330,000.

View Recently Sold New Construction Condos in Chicago 843 Properties

In another effort to stave off gentrification in Humboldt Park, this development will offer 64 units of affordable housing and 2,500 square feet of commercial space on a long-vacant lot. Also staking its claim to land near the casino is Vancouver, Canada-based Onni Group, which paid $45 million for a seven-acre property near the site. While Onni hasn’t revealed its plans, people familiar with the project said it’s likely to be residential.

Creating the connections that will generate greater opportunity and growth. 1000M gave us the rare thrill of watching a skyscraper begin twice. First when caisson work got underway, and then again, after a pandemic-induced delay left the site dormant for months and months. The tower crane base that had been planted was removed, it went from condos to apartments, the design was tweaked, and it roared back to life early in 2022. Power Construction has topped out at Coppia, the 19-story, 298-unit residential tower in the West Loop from developer Pizzuti.

So far, only one building, a high-rise apartment tower known as the Cooper at Southbank, has been completed. It is joined by a publicly accessible open space called Southbank Park and a new riverwalk segment south of Harrison Street. While Lincoln Yards looks to build a neighborhood from scratch on Chicago River’s north branch, developer Related Midwest is planning to do the same on the south branch with its 62-acre mixed-use plan known as The 78.


The plans call for a new 700 foot office tower anchored by BMO Financial Group to rise a block south of the historic train depot. The building is expected to open in 2022 but an existing Amtrak parking garage must be demolished first. Citing the ongoing zoning reviews, Vista Principal Hymie Mishan declined to comment on the projects.

The event will feature light bites and a performance of an original piece of music inspired by the Willis Tower and commissioned by CAC. Also remember to register for a free account so that you can receive email alert as soon as Chicago new construction condos hit the market. And for additional help searching the new construction condo market in Chicago, contact us at your earliest convenience or break down your search by browsing Chicago new construction condos by neighborhood. There’s also big demand for affordable housing, but the problem is figuring out how to pay for it. Some of those projects in the pipeline are part of the city’s $1 billion affordable housing package. The latest South Works plan has yet be made public, but reportedly includes a film production studio with 15 to 20 sound stages, a performance venue, a climbing wall, and a skate park.

His firm has invested in residential buildings and small retail developments in Chicago, London and Naperville. Vista Property has submitted to the City Council plans for buildings at 370, 400 and 401 N. Morgan St. Working with the architectural firm Gensler, Vista has proposed buildings in the 30- to 40-story range, with retail on the ground floor. 1229 West Concord at Lincoln Yards will house industry-leading companies that seek to develop groundbreaking medical solutions in Chicago and also create a sense of community within their workplace. The Orchard Private Residences is a sophisticated new condo building in Lincoln Park.

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