Apartment Projects Under Construction: Update

Last October, we reported on the progress of seven high-rise apartment buildings under construction in downtown Chicago. At the time we issued that report, the shiny new Lexington Park high-rise condominium project was just that: a condominium project. But now it's going rental, which means the numbers have changed. This year and next, eight new towers will add nearly 3,150 apartment units to the market. The census folks say Chicago is shrinking, but it sure doesn't feel that way to us here at domu, particularly considering that so many other apartment developments are queued up and fixin to move forward.

In addition to the eight projects coming soon, site preparation is now underway for two new apartment towers (360 West Hubbard and 200 East Illinois), while still two others appear to be in the final stages of planning and approval (73 East Lake and 410 East Grand). Then theres three more that have been credibly proposed, but which remain a long way away. (Many other projects have been bandied about, but none of these seem, at least to us, either credible or imminent enough to merit discussion at this point.)

So heres our peek at whats in the pipeline for Chicago renters.

Completed And Nearly Ready For Renters

Already Under Construction

Site Preparation Underway

So Close You Can Taste It

Proposed, But Still A Long Way Off

The Whole Ball Of Wax

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Apartment Projects Under Construction: Update