In today’s lending environment, Chicago multifamily developers are carefully evaluating capital deployment strategies. With financing costs stabilizing but still elevated compared to historic lows, the debate between adaptive reuse and ground-up...
Developers across Chicago and major metro markets are facing a new reality: electrification is no longer optional in multifamily construction. Among updated energy codes, investor ESG mandates and resident demand for healthier living environments,...
The first question many investors ask is whether spending more on sustainable features will deliver measurable returns. Is the juice worth the squeeze? It might seem like higher upfront costs would be a deterrent at first glance, but a recent study...
When you think about a multifamily renovation or retrofit project, the first thing that comes to mind may be reworking a layout for more flexibility or replacing dated punch windows with high-performance glazing to bring in more light. But as...
It’s long been said that you can’t manage what you don’t measure. In multifamily construction, this is especially true. Capital projects that move forward without reliable data tend to run into blind spots once work is underway, exposing budgets and...
As other metro areas plateau or pull back, Chicago’s multifamily market is outperforming national averages. With rent growth projected to top all major U.S. apartment markets this year and vacancy edging toward decade lows across the city and more...
Current market conditions are leading architects to rethink how they approach multifamily construction projects. Inflation, fluctuating tariffs and federal spending cuts have created an environment where pricing uncertainty has started to surface...
The office-to-residential conversion pipeline has seen year-over-year growth as a result of post-pandemic workplace shifts and the push for more housing. While ground-up multifamily construction projects have generally seen an overall decline in...
The green movement has reached a tipping point. Sustainable practices are showing up in nearly every industry and neighborhood across the U.S. There are now more than 4 million solar panels installed across all 50 states. There are more than 196,000...
Not many phrases in the multifamily construction industry stir up as much debate as “value engineering.” For architects, it often hints at potential design compromises in service of the budget. But what if this perception misses the true...
