Published 23 days ago

Downtown Chicago’s condo development boom has ended. Here’s why.

Summary by Chicago Tribune

For the first time in years, there are no new large condo projects under construction in downtown Chicago. Roughly 2,500 condos have been developed downtown since 2015 as multiple towers were constructed, and about 600 of those units are still available, said Gail Lissner, managing director for Integra Realty Resources. But the high cost of construction and high interest rates, which are discouraging luxury home sales, have brought large-scale c…

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