Chicago’s development party started to wind down at the end of the last decade. The new one may bring the hangover.
From Crains Chicago
After a building boom that has stretched the boundaries of downtown and put a record number of cranes in the air, new construction projects are forecast to fall 10 percent this year, according to New York-based research firm Dodge Data & Analytics. If that prediction is right, it would mark the third annual decrease in four years and the biggest single-year drop in construction starts since the Great Recession. (read more)