CHICAGO—The demand for luxuryrental apartments close to downtown has fueled a remarkableconstruction boom that has lasted for several years, but many stillprefer communities with richer cultural amenities, retail optionsand entertainment. That so far has been the experience ofChicago-based BlitzLake Partners, which recently started pre-leasing at Lakeview3200, its new transit-oriented, mixed-use development one blockeast of the Belmont CTA station in Chicago's Lakeviewneighborhood.
“There is a lot of new supplycoming online downtown,” David Blitz, managing partner of BlitzLake, tellsGlobeSt.com, “but there are a lot of people that don't want to livein River North or the West Loop.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
