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Old Posted Jul 26, 2018, 6:55 AM
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ardecila ardecila is offline
TL;DR
 
Join Date: Jun 2006
Location: the city o'wind
Posts: 16,384
^ Yeah it's a buyer's market in many outer suburbs for sure. The growth machine kind of sputtered out during the recession in the collar counties. It's not completely dead, still a few subdivisions going up here and there but certainly not the rapid Sunbelt-esque pace of construction that we saw before the recession.

Still as this thread indicates, towns like Elmhurst, Arlington Heights, Des Plaines, etc are all seeing new projects in their downtowns. Heck, my hometown of Barrington just completed its first new downtown apartment building in decades. Naperville is gearing up a large-scale redevelopment of the underused area around its downtown-adjacent train station. Even Wheeling is trying to get in on the TOD action. Unfortunately the tiny size of most Chicago suburbs means these projects get micromanaged by politicians and planners rather than just approved as-of-right. It speaks to the strength of the rental apartment market right now that developers are willing to jump through the hoops that all these suburbs have put up.
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