The Butler, a proposed condo tower for suburban OakBrook, will blend into the surrounding community, say thedesigners.
CHICAGO—After undergoing a resounding crash more than a decadeago, condo development has just started a cautious comeback in the city of Chicago. And theregion's affluent suburbs may soon see similar moves. A group ofdevelopers and architects recently put forward a plan for a22-story luxury condo development in Oak Brook called TheButler.
At a time when many developers focus on the deconversion of condo buildings back into rentalapartments, both in the city and surrounding suburbs, others calculate the time hasfinally come help empty nesters stay in the suburbs and maintainthe level of luxury they're accustomed to as homeowners.
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.