Chicago Development News

Information regarding Chicago developments and new construction projects. From new construction condo and apartment buildings and to large-scale high-rises around Downtown Chicago, find out what’s being built in Chicago.  To learn more about new development, start browsing new construction real estate for sale in Chicago, or contact Gold Coast Realty—Chicago's premier luxury real estate brokerage!

There are currently 139 blog entries related to this category.

Chicago was the leader in new construction activity last month, according to two key measurements outlined in a recent report from BuildFax. As noted, Chicago was just one of four metro areas that saw a major jump in new construction and work on existing homes, ranking ahead of New York City, Washington D.C., and Dallas in terms of year-over-year increases in both categories.

Maintenance activity in Chicago spiked 20 percent in February compared to the same month last year, and new construction increased by a whopping 60 percent. For comparison, New York registered just a 51 percent increase in new construction and Washington D.C. only a 15 percent increase in maintenance work to existing homes.

Despite the positive new construction numbers overall,

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A new hotel development is reportedly being planned for another surface parking lot in Chicago’s booming River North neighborhood. According to Crain’s, developers are looking to add the first Andaz Hotel in Chicago, which will be located at 430 N. LaSalle Drive if all goes according to plan.

As noted in the report, a timeline for the project is still unknown, but renderings show a towering glass structure that could potentially rise 18 stories high and hold 199 hotel rooms.

The hotel market in Chicago has gotten considerably more crowded in recent years and hotel room supply has apparently spiked by roughly 10 percent just since the project was approve by the City Council.

Should the development move forward, Illinois would be just the sixth U.S. state

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Chicago-based developer Draper & Kramer has officially started work on a new 24-story, 275-unit apartment tower at 2111 S. Wabash Avenue. Despite securing City Council approval back in 2016, the firm was apparently waiting on other development near McCormick Place to happen before starting construction for their latest South Loop project.

Major development throughout Chicago’s South Loop neighborhood certainly isn't lacking and has actually been fairly widespread in recent months and years. The new Wintrust Arena project and a number of hotels have recently been added to the area’s landscape, and high-profile projects like NEMA, Essex on the Park, and 1326 S. Michigan are also getting closer to being finished as well.

Renderings on the new 2111 S. Wabash

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As work continues on the mega-overhaul of Chicago’s former main post office, new tenants seem to be signing leases at a more regular pace. According to one of the more recent reports from the Chicago Tribune, the latest company that appears to be heading for 433 W. Van Buren Street is Chicago-based ad agency AbelsonTaylor.

As noted in the report, AbelsonTaylor will make the move from 33 W. Monroe by March 2020, at which point their new 15-year lease at The Old Post Office begins for a roughly 85,000 square foot space.

Back in June of last year, Walgreens announced a 200,000 square foot lease inside the building, and since then, activity has definitely picked up.

Oakbrook Terrace-based Ferrara Candy Co. also has plans to move into a 77,000 square foot

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One of the most ambitious new projects in recent memory is reportedly in the works, and it’s a development that could drastically alter the lakefront landscape as we know it. According to a report from Crain’s, plans could potentially call for a mix of residential, office, and retail space that would encompass roughly 34 acres OVER the railroad tracks just west of Solider Field.

As mentioned in the Crain’s report, Wisconsin developer Bob Dunn, along with Chicago developer Gerald Fogelson, who purchased the air rights over the railroad tracks over 20 years ago, are part of the development group leading the effort, and their proposal will also be presented to the public by Alderman Pat Dowell, whose ward includes the development site.

If approved, the

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No. 9 Walton has been one of downtown Chicago’s hottest buildings over the past couple years, and some of the Windy City’s premier celebrities and CEOs have all purchased a unit inside the building since construction wrapped up last year.

According to a recent report from The Real Deal, the building’s newest buyer is John Groetelaars, CEO of Chicago-based hospital bedmaker Hill-Rom Holdings.

As mentioned by The Real Deal, the unit was purchased from a trust for nearly $3.5 million and has right around 2,700 square feet of total living space. The Tribune also ran a story that the 3-bedroom, 3.5 bathroom condo was purchased directly from JDL Development and was originally listed for $3.65 million back in November.

With so much interest in the building, some

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Chicago’s newest and tallest rental building is going to be hard to miss, rising up 76-stories above the downtown skyline. Set right along the southern edge of Grant Park, the soaring NEMA Chicago tower is quickly gaining attention not only for its spectacular design, but also for what’s inside.

The property serves up an indoor lap pool with incredible city views, plus more amazing views of the lake and the park from the private residences. As well, there’s also an outdoor deck with another pool, a demonstration kitchen, fitness center, a golf simulator, plus there’s a basketball court and squash court. All of this compliments the addition of spa treatment rooms, conference rooms, and even a Kids Club and Pet “Spaw” for four legged family members living at

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As we rapidly approach 2019, a number of luxury condo towers are scheduled to be completed sometime within the next year or two, starting with these ultra high-profile projects luxury buyers must consider during their search...

Vista Tower

If price isn’t a consideration, the spectacular Vista Tower promises to stretch to entirely new heights of luxury. This new construction condo tower includes one-bedroom units with around 1,000 square feet of living space, as well as some spectacular sky residences featuring 360-degree views of the city. 

1000 S. Michigan

Another new luxury property is located at 1000 S. Michigan. This new Michigan Avenue high-rise offers a generous 11th floor sun deck and swimming pool, a wellness spa, sky terrace and a

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The luxurious new Chestnut Row Homes are now officially move-in ready, wrapping up what was reportedly a four year development process. Designed by Chicago-based Booth Hansen Architects, the impressive collection of seven Italianate-style row homes are located at the southwest corner of Clark and Chestnut, putting eventual residents right in the heart of Chicago’s desirable Gold Coast neighborhood.  

Each residence features a traditional, limestone exterior, allowing the project as a whole to blend in perfectly with all the historic Gold Coast architecture that’s so prominent throughout the neighborhood. 

Inside, each Chestnut Row Home offers spectacular finishes throughout, including rich walnut flooring, ornate fireplaces, spa-quality bathrooms,

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With Amazon not choosing Chicago for its H2Q location, Sterling Bay has made some significant changes to its proposed Lincoln Yards megadevelopment in hopes of easing widespread concerns from the community regarding the mammoth size of the project. 

According to new reports from both Crain’s and the Tribune, the new Lincoln Yards proposal features fewer high-rises and a lot more open green space, which is something many throughout the surrounding community originally wanted when the project was first announced.  

Specifically, the new plan now has two fewer buildings and the max height for any tower in Lincoln Yards has been dropped from 70 stories and nearly 800 feet to right around 50 stories and 650 feet.  

Despite these changes, concerns over

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