The Optima Chicago Center inChicago's Streeterville neighborhood is one of the many newmultifamily properties in the city, and many observers wonder howlong such construction can go on before we hit a slowdown.
CHICAGO—The nation's apartment market has been bursting withenergy and new development, but some developers are getting alittle wary. At some point the good times will either end or atleast level off. And trying to figure out when has made navigatingthe sector's landscape a lot more challenging. Still, in the lastsix months or so, an increasing number of developers have hit uponat least a partial solution.
“What many are willing to do is take a safer position, but onethat also allows them to use their skill sets,” Steven F.Ginsberg of Chicago-based Ginsberg JacobsLLC, tells GlobeSt.com. And that means getting intolending capital to other developments. “We don't know exactly wherewe are, or what inning it is. We do know that prices areincreasing, and we have more volatility.”
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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.
