Quote:
Originally Posted by aaron38
The pace of suburban activity has fallen to a near standstill. I've been waiting for the Focus Development TOD project in Palatine to start for a year now. I just called, and they've pushed groundbreaking out again to this fall. If they launch on that date, they'll be 18 months behind their original schedule, which to me sounds like a large hit to a firm's bottom line.
Another delay is better than a cancelation, but I'm starting to worry about the health of this one. Hopefully Focus can ride this out.
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Judging by the construction bid postings at chicagorealestatedaily, there is still a stream of suburban projects in the pipeline, but nothing too major. 50 units here, 100 units there, 20000sq ft retail here.... I think I've seen TODs posted for construction in Oak Lawn and Lombard, among others, as well as a few midrise things out by Oak Brook.
A couple very large office/industrial parks under construction though, like up in Antioch.