February 2024 Illinois Real Estate Journal

Page 1

MARKETPLACE (pg 34): ASSET/PROPERTY MANAGEMENT

FIRMSCONSTRUCTION COMPANIES/ GENERAL CONTRACTORS ECONOMIC DEVELOPMENT CORPORATIONS (EDCS)

©2024 Real Estate Publishing Corporation February 2024 • VOL.24 NO.1

MULTIFAMILY LENDING

How Luxury Multifamily Construction Won Chicago’s West Loop By Ray Cisco, Chief Operating Officer, McHugh Construction

Embry. Photo Courtesy of Lamar Johnson Collaborative

T

o say the greater West Loop area has truly become one of Chicago’s hottest neighborhoods for live-work-play lifestyles with its cutting-edge eateries, boutique shops and high-profile employers is an understatement. Since 2022, the neighborhood has delivered or is in the process of delivering more than 9,000 units across high-end, luxury rental and condominium towers. While McHugh Construction has completed iconic multifamily buildings throughout various neighborhoods in

Chicago, Miami, Nashville and other cities, we’re particularly proud to be part of this West Loop building boom. In fact, having just finished work on the fastest-selling condominium building in the West Loop, and currently wrapping up work on two Class-A rentals, we’re in the thick of the neighborhood’s transformation to the city’s most in-demand zip code. Here’s a closer look at how McHugh’s best building practices are helping developers and architects bring their

conceptual designs to reality for more than 700 units in the area. Embry McHugh Construction worked hand-in-hand with project architect Lamar Johnson Collaborative (LJC) and owner Sulo Development to build Embry, a 58-unit luxury condominium building at 21 N. May St. that has become the MULTIFAMILY (continued on page 16)


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February 2024 Illinois Real Estate Journal by REjournals - Issuu