Chicago condos put on display four years before completion

Local developers, Asian investors line up high-rise projects
  • High-rise condo projects in Chicago are opening sales offices far in advance of occupancy.
  • Condo conversions could be on their way back.
  • Downtown Chicago, River North, West Loop and South Loop all have noticeable condo pipelines.

The volume of high-rise condo projects recently underway or proposed in Chicago is influencing developers to open sales offices up to four years in advance of a development’s completion.

In early April, Chicago-based Magellan Development Group and Dalian Wanda Group of China will open a sales office for their 93-story, mixed-use Vista Tower, which is slated for initial occupancy sometime in 2020.