Originally Posted by HK Chicago
I'm starting to believe this city has hit some critical mass that's attracting buyers and wealth not heard from before - because the number of new, expensive units is staggering... especially considering it's been a long time since there's been a significant project that died due to sales.
This is a big and interesting topic.
And to think that not too recently The Economist dubbed Chicago, as I recall, "the capital of flyover country." Why does critical mass (with a nod to the bicyclists) seem so much more important now than 20 years ago? Back then, the average good kid graduating from the U of M would be happy with suburban Detroit. No longer... and thus Chicago gains. Miami, Chicago, NY, SF. How did this precipitate?
Grand Pier died for unclear reasons. Inland Steel did have issues with Chin, but I'm not sure if that was the whole story. Hudson Tower: Reszko. Otherwise, you advertise it, they'll buy it.