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Chicago has a very large land area to develop on for decades to come. People that say Chicago is hurting and losing population, but that's not true, at least not today and for the forseen future. We going thru a little development boom that hopefully attracts more people to Chicago of all aspects.
It will be interesting to see if the net in-migration to Chicago will be sufficient to offset the homicide rate.
Love him or hate him Rambo Emanuel gets things done! He demands action and has really helped get development and construction back on track fast. Went last night downtown and it's impressive to see the amount of construction projects going on in just a small area. Not only downtown but areas like Logan square, west loop, south loop are all experiencing a small boom, in Chicago terms.
Chicago has far less development planned than most major U.S. cities, including Houston.
If you look at the Census data permits on new housing units, Houston is one of the leaders nationally, and Chicago is nowhere close.
So far this year, Houston has permitted over 48,000 units, including over 18,000 5+ unit buildings.
So far this year, Chicago has permitted over 11,000 units, including over 5,000 5+ unit buildings.
I never been a fan and put too much credence in this because this changes everyday and the permit issue thing is werid here. Not saying it's not true or a decent guide, but the best guide is the human eye and I haven't seen a development boom like this in a long time.
I never been a fan and put too much credence in this because this changes everyday and the permit issue thing is werid here. Not saying it's not true or a decent guide, but the best guide is the human eye and I haven't seen a development boom like this in a long time.
So you are telling us to ignore the official data on building permits registered with the City of Chicago, and just trust you on this one...
The worst guide is the human eye. Obviously you cannot hope to have your eyeballs on every single development plot in every metro area in the U.S., so your personal visual observations are completely useless.
So you are telling us to ignore the official data on building permits registered with the City of Chicago, and just trust you on this one...
The worst guide is the human eye. Obviously you cannot hope to have your eyeballs on every single development plot in every metro area in the U.S., so your personal visual observations are completely useless.
Of course not just saying Chicago was hit hard by the recssion where development came to nearly a halt and that's not the case anymore. There is renewed energy and excitement in the air and I'm seeing lots of construction not just downtown but in the neighborhoods, I drive around the city for a living so yes on my case my eye tells me a lot. Also like I stated earlier this is the infancy of what I believe will be a good size boom in construction and development. This is all part of a master plan of the mayor to continue growing Chicago and putting it the forefront as a leading city, where Chicago belongs. It's an exciting time to be in Chicago no doubt about it. Seems like every week new project proposals are being approved.
Last edited by chitownsFinest; 11-03-2014 at 03:12 PM..
Location: East Central Pennsylvania/ Chicago for 6yrs.
2,535 posts, read 3,279,332 times
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Quote:
Originally Posted by marcopolo
It will be interesting to see if the net in-migration to Chicago will be sufficient to offset the homicide rate.
Sometimes you just have to chuckle .....and the word troll comes to mind??? For replies aimed for strife and shock value to disrupt interesting.... if not intelligent debate???
Houston's growth is largely tied to the jobs boom there. When oil begins to fall and we find other energy sources to power our cars, which is already happening, then the jobs in Houston will begin to dry up and its rapid growth will slow.
Chicago metro gained over a million people in the 1990's, I haven't seen Houston do that in a 10 year span yet. It would take Chicago shrinking and Houston growing even faster for this to happen any time soon, if at all.
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