Home construction in North Shore on the rise to meet demand

Newly approved project will bring a mix of single-family homes, condos and rentals
  • New single-family construction is planned for a trio of Lake Forest subdivisions this summer.

  • Builders are focusing on different types of for-sale product to attract younger buyers.

  • The single-family homes part of this development are considered "maintenance free."

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Single-family home construction activity in the North Shore market of Lake Forest is said to be at the highest levels in several years. A recently approved project looks to increase the city's inventory of newly built for-sale inventory. Northfield-based Focus Development recently received final approval for a community that will consist of 12 "maintenance-free" single-family homes and 42 condos, along with 111 rental units. Phase one of the project is slated to commence construction during the fall. The phase will include the development of one condo structure, six single-family homes and the rental units. The homes and condos will go on sale this summer. According to Michael Golden, co-founder of @properties, there exists a pent-up demand in the North Shore for maintenance-free homes and condominiums. Considered one the largest Chicago brokerages, in terms of market sales volume, @properties is the sales and marketing representative for Focus Development's for-sale produ...