What’s your sentiment toward the market in 2016? Do you see projects picking up as we move further into the year? What’s coming down the pipeline? What portion of your upcoming projects are luxury homes?

We expect to see an uptick in activity. Our firm is preparing to break ground on One Bennett Park, a 67-story luxury condominium and apartment tower in Streeterville. Scheduled to deliver in 2019, the project is indicative of a broader trend in the market as developers pursue larger mixed-use developments with a for-sale component. One Bennett Park’s spacious floor plans include large kitchens with adjacent family rooms, which will be especially appealing to families in search of a high-rise urban lifestyle.
— Curt Bailey, President, Related Midwest

The market continues to be hard to read and we haven’t yet reached a new “normal”.  With limited new product on the market still and continued low interest rates, 2016 should be a good year for new construction sales.  More projects were announced and started in 2015 than previous years, and there is a sense of demand from limited supply returning to the marketplace. We are looking to bring more townhome product online in 2016 as well as new condo product in top locations.  Selling in great locations remains much easier as it has always been, and price points and dollars per square foot reflect top locations.  All of our proposed developments for 2016 are larger and more expensive, and trending towards luxury. Only one potential project is in the ultra-luxury price point.
–Zev Salomon

We anticipate sales to remain steady in 2016.  We are currently evaluating several possibilities for future communities ranging from resort-style active adult single-family homes and townhomes to high-end luxury single-family homes.
–Chris Nickel

We are fortunate to have a pipeline of excellent infill locations, all of which are focused on the luxury segment, with most emphasis on the move-down buyer. For strong locations, the demand is still there, so we feel good about 2016. That said, the recent turmoil in the financial markets is unsettling and something we are watching, together with the overall state of our economy.  Longer term, with some progress on our state’s fiscal condition, we are bullish that Millennials will begin to migrate out of rentals, and that should provide a strong boost to Chicago’s residential market – across all price points.   
–Jerry James

Based on the first two months of the year, we expect 2016 to be very strong. There is pent-up demand for new construction and limited choices. Belgravia will begin deliveries this summer at SL, Sedgwick at Locust in River North, featuring three-bedroom, three-bath condos staring in the $680’s.  We are experiencing continued strong demand for our three-bedroom, three-bath condos at our West Loop development, CA Washington priced from the mid $800’s.  Belgravia’s newest offering, Renelle on the River, located at 403 N. Wabash, will begin marketing this spring. Renelle will feature 45 luxury three-bedroom residences with stunning city and river views priced from approximately $1.6 million.
–Liz Brooks

There are a few more projects in the works for later this year, but I think we are still in a low-inventory environment.  Most new buildings are in the 50-to-100-unit range.  I don’t have any new luxury homes planned.
–Jim Letchinger

2016 has started out strong and new construction inventory has entered the conversation. I am optimistic about our market this year. Developers are aggressively looking for deals and making deals for buildable sites. That said, we may see a continued surge of new construction projects and more for-sale projects. The economics for development require a certain achievable per-square-foot pricing level to make a project a reality. We are starting to see the demand and pricing levels make sense in multiple parts of the city.
-David Wolf