The move comes despite a slowdown in the single-family rental market.
The brand will specialize in cottage-style homes with private backyards.
The properties are part of a 42-community portfolio belonging to Philadelphia-based landlord Resource REIT Inc.
The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.
Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.
Areas hit hard by the pandemic could see a wave of zombie properties once the federal ban on foreclosures expires.
CA6 West Loop condos from Chicago-based Belgravia group are already 35% sold.
A new transit-oriented development is coming to the Sheridan Red Line station, the DiCosola Group will start deliveries on One95 next week and @properties announces that only 11 residences remain at their new condominium building in Lincoln Park.
Aspire Residences and LISC Chicago roll out programs to change the way developments take shape, 1400 Monroe breaks a record, plus groundbreakings and openings across Chicagoland.
An historic YMCA and YWCA building in West Loop has reopened as rentals; Pete Buttigieg, Martin Luther King III and Rev. Al Sharpton heaped praise on Greenlining Realty’s Woodlawn Pointe; Chicago gets it first multi-story mass timber project in more than 50 years — all that and more in our latest new-construction update.
The seven-story luxury condominium building in the West Loop is finally on its way up, and The Jacobs Companies and M/I Homes announce new programs to bring more house hunters to their communities.
While COVID-19 has delayed some construction projects, many are moving ahead. Here’s the latest on construction in Chicagoland.
Luxury residential building Parkline Chicago will open up for sales next week and Related Midwest has submitted plans to develop 400 Lake Shore Drive to fill a hole in lakeshore development.
JK Equities and Belgravia kick off construction phases in West Loop and East Bucktown, Porte is now pre-leasing, new model homes open in Hinsdale and more.