The executives, founders, creators and strategists who make up our newest class of 40 Under 40 are leading Chicago into the future. These honorees are leading established business giants and startups, addressing corporate challenges and meeting social service needs, building neighborhoods and bolstering communities. See the full 40 Under 40 class here: https://lnkd.in/g2kMcqUZ
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Crain's Chicago Business — the nation's pre-eminent regional business newspaper — is where the Who's Who reads what's what. Our newsroom delivers breaking news, cutting-edge analysis, thoughtful opinion and informative events to Chicago's corporate, civic and cultural leaders through a weekly print edition as well as through a suite of curated newsletters centered on the publication's website, ChicagoBusiness.com. Crain's motto: We help you succeed in Chicago. Go to www.chicagobusiness.com/register to sign up for our free email alerts.
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Asked to design the next generation of Chicago home types, reasonably priced and good-looking like the bungalows, two-flats and row houses of yore, the city’s architects delivered. A six-flat that looks a bit like the classic courtyard building turned sideways to maximize interior daylight and a bungalow-sized house with an up-tilted metal roof are two of the designs that the Chicago Architecture Center rolled out this week as the top choices in a design contest that began in 2022. Why not simply build many more bungalows and six-flats? “Families have changed; our needs at home have changed from the 20th century,” said Eleanor Esser Gorski, CEO of the Chicago Architecture Center. The death of the dining room, the rise of at-home work and the desire for more energy efficiency are among the changes that often make 20th-century houses a poor fit for a 21st-century household. The aim of the contest was to develop “housing typologies that improve on the traditional ones,” said Michael Wood, the architecture center’s chief curator, to find “what could make them more efficient, (structures) that could be built from off-the-shelf parts.” The contest uses the popular term “missing middle housing,” or homes that meet the desires and budget of middle-income families. The name comes in part from the fact that there’s ample housing built on both ends, new affordable housing bankrolled with public funds and upper-bracket new homes built by developers for affluent households, but little in the middle. Read more from dennis rodkin: https://lnkd.in/gYhizhwH
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Crain's Chicago Business reposted this
Our most anticipated feature of the year: this year’s class of Crain's Chicago Business 40 Under 40 is an amazing mix of entrepreneurs, exceptional up-and-coming executives, big thinkers, civic-minded leaders and change makers. Such great, inspirational profiles. Please dive in. https://lnkd.in/gSKh-pD8
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Stymied by the challenges of building in Chicago, developers have branched out to sunnier locales like Phoenix and Nashville.
Why these Chicago real estate developers are panning for gold outside Chicago
chicagobusiness.com
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A mansion overlooking Lake Michigan hopes to land the highest home price in Glencoe in five years.
Blufftop mansion looking to land Glencoe’s highest home sale price in 5 years
chicagobusiness.com
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It's the latest example of financial strain in commercial real estate spilling into the apartment sector.
Owners of East Loop apartment tower hit with $69M foreclosure suit
chicagobusiness.com
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The greystone is for sale for the first time in decades — and in need of extensive interior rehab.
Bronzeville home where Mayor Harold Washington lived as a child goes up sale
chicagobusiness.com
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Set at the tip of a peninsula in the southwest Michigan town's harbor, the house is going on the market at almost $7.4 million.
This waterfront New Buffalo mansion is BYOB: Bring your own boat
chicagobusiness.com
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A Saudi Arabian firm backed by billionaire Prince Alwaleed bin Talal is resuming work on a tower that’s set to soar to 1,000 meters when complete, making it the world’s tallest skyscraper. Kingdom Holding Company, majority owned by Prince Alwaleed, said Wednesday it will resume construction on the tower in Jeddah, more than a decade after the project was first conceived. Designed to imitate the contours of a sprouting desert plant, the building was the brainchild of Chicago architect Adrian Smith of Adrian Smith + Gordon Gill Architecture. It’s set to include a Four Seasons Hotels and Resorts hotel, apartments, offices, three lobbies on the upper floors and the world’s highest observation deck on the 157th level. The tower stood half built for years amid funding constraints. Its developers now say construction will take 42 months, and 63 of 157 floors have been built. When complete, the building will top the current record holder, Dubai’s Burj Khalifa, also designed by Smith — which was unveiled in 2010 and stands at 828 meters. Riyadh-based Kingdom said an associate firm, Jeddah Economic Co., has signed a 7.2 billion riyals ($1.9 billion) agreement with Saudi Binladin Group to resume construction of the Jeddah Economic Company Tower. Any remaining costs will be financed through internal resources and banking facilities, according to Jeddah. Read more: https://lnkd.in/g5_7VQTe
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The deal could inject new life into a subsidized office-to-residential conversion that was recently blown off course.
Distressed Loop office tower sold to local investors for apartment conversion
chicagobusiness.com