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chi-HUBBARD221Exterior (2) HUBBARD221 includes an adjacent 50,000-square-foot office project.

CHICAGO—Competition for multifamily renters will most likely heat up later in the year, but demand for recently completed units still seems quite robust. Officials from Chicago-based Hubbard Street Group and co-developer Centrum Realty and Development say that HUBBARD221, a 195-unit luxury rental tower in Chicago’s River North neighborhood, is now 65% leased just five months after opening.

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.

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