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)

From Chicago Curbed

Over the past several years, a wave of new construction has redefined Chicago’s famous skyline as well as brought tall and dense developments to a number of overwise low-rise neighborhoods. New luxury apartments continue to be the driving force behind the Windy City’s vertical growth spurt, but some condominium, office, hotel, and educational projects are also in the mix. (read more)