A Time and a Place for Everything

27 Apr

A recent article on Curbed Chicago explains that a new 49 story tower will be breaking ground this fall, 49 stories! If you listen to the ‘experts’ on the street who think they know and understand all that is real estate you’d think that in these times no developer wants to build anything. This project, by Almi Residential, is clear evidence that new buildings, in desirable neighborhoods, are being built. The CEO of Almi is quoted as saying, “We’ve rebounded as an industry at such and incredible pace that I can’t believe it.”

There is a time and a place for everything. This development, placed downtown, appears to be a good fit and at the right time. People living in that area know what to expect in terms of traffic, congestion, and density.  As one gets further and further out from the loop however it becomes clear that people like city living but no longer need the 34the floor rental apartment. Regardless of whether or not you agree, it’s important to KNOW what’s going on in our neighborhood and the open lot at Foster and Sheridan continues to leave many questions unanswered.

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