highrise: Where To Build The Next High-Rise In Chicago?
- 02/04/14 07:49 AM
With many of the popular areas already developed in Chicago, developers run into certain challenges like; where can a new development be added in an already thriving neighborhood? Neighborhoods like the South Loop, River North, West Loop, and Bucktown/Wicker Park all seeing their fair share of new development, but how about Lincoln Park, which has been a premiere neighborhood along Chicago’s lakefront for years. Where is a builder to build when vacant land is nonexistent?
Well, if you are Warren Baker, of Baker Development Corporation in Chicago, you could buy everyone out of an existing building and raze it to … (0 comments)
highrise: High-Rises And Sky High Prices Spur New Construction
- 08/21/12 01:03 AM
Developers are betting big on residential skyscrapers, building them at record breaking heights and selling them at record prices the Wall Street Journal reported. Very-tall residential high-rises began growing in popularity 10 to 15 years ago during the building boom, when dozens of new high-rise condominiums rose in cities around the United States as many middle and upper class residents preferred to move back into urban cores. However, the recent economic downturn and credit crisis also took a toll on the development of residential high rises which resulted in many empty buildings, while construction ground to a halt.
With many of the popular areas already developed in Chicago, developers run into certain challenges like; where can a new development be added in an already thriving neighborhood? Neighborhoods like the South Loop, River North, West Loop, and Bucktown/Wicker Park all seeing their fair share of new development, but how about Lincoln Park, which has been a premiere neighborhood along Chicago’s lakefront for years.
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