CHICAGO—Condominium developers in Chicago have begun breathing life into that sector, butthe rental market is still very much the king. And thework of transforming into rental units existing condo projects, many created in the run-up tothe Great Recession, continues in both city and suburbs.
Chicago-based real estate developer Golub &Co. and USAA Real Estate have just formeda joint venture and acquired Century Tower, a vintage, luxuryCentral Loop high-rise that currently includes 292 residentialcondominiums. The joint venture team has de-converted the existingcondominium association and plans to renovate the residential unitsand shared amenity spaces into rental apartments.
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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.
