New Construction

Agents specializing in Chicago may be attracted to some parts of the suburbs as they become more desirable and livable for the newest generation of homebuyers — and vice versa. But it can be difficult to make the leap.

We examine two routes into new construction by speaking with Liz Brooks, Belgravia Group’s executive vice president of sales and marketing, and Millie Rosenbloom, a Baird & Warner agent who is a three-decade veteran of new construction sales, from townhomes to high-rises and detached single-family homes.

Selling new construction is often a springboard for agents and teams, thanks to both its price point and the fact that successfully selling one condo can quickly lead to the sale of another. But that’s not to say this niche is easy to break into.

Industry confidence in the single-family housing market for older adults reached an all-time high last quarter. However, while employment is also surging, residential construction is one area to which workers are not flocking.

The core idea that there’s no better time than now and no better home than new has broad application from the city to the suburbs and from condos to single-family homes. And the ability of builders and agents to confidently demonstrate to buyers that a new home will serve their interests and help them realize their dreams can have an impact that’s greater than any one house, condo or subdivision.

Building codes and permits are often cited by builders as a key driver of costs that get passed onto the consumer in the form of higher rents or purchase prices. Labor, land and materials continue to be the biggest

This year is one of continued change in home design as consumers get revved up about more livable spaces and a surge in new home-centered technology. Trends are constantly changing, and this year, homeowners want design that will create

As part of our spring new construction issue, we take a look at a few of the projects attracting attention in the local real estate community.

We asked some of the smart people we know in the development and new construction industries what they thought about the state of the industry, the influence of amenities and technology and what agents can do to make new-construction

The spring market is on its way in, and with it, new homes will be sprouting all over Chicagoland. Are you ready?

Now the tallest all-residential building in Chicago, Related Midwest’s One Bennett Park captured the public’s attention immediately upon its unveiling in July 2014. The new 70-story tower has instantly become a notable addition to the downtown skyline – while

Tear-down starts are increasing to meet the rising demand for new single-family units, according to a new report from The National Association of Home Builders. The NAHB and Wells Fargo used their February 2017 Housing Market Index to track the

Wolf Point owners, the AFL-CIO Building Investment Trust (BIT), Hines and Magellan Development Group announced today that the companies’ luxury apartment tower along the Chicago River in Chicago’s River North neighborhood, Wolf Point West, will open this month. Wolf Point
#175422935 / gettyimages.com M/I Homes recently held a grand opening for Pleasant Square, its newest Schaumburg development. The townhome community will be located at the northwest corner of Roselle and Schaumburg roads, while maintaining vicinity in the Olde Schaumburg
Related Midwest has unveiled its third and final building of its previously stalled South Loop Luxury collection: the Adler Place condo community, which is 275 units and 32 stories. Residences at the trio of buildings that comprise South Loop
The primary lender on the failed Chicago Spire development hired a broker to sell nearly $93 million of debt on the high-profile site. The development, a deep hole along Lake Shore Drive and the Chicago River, has sat untouched