Real estate development in the West Loop has seen a dramatic shift within the past two years. An oversupply of 1- and 2- bedroom units has been absorbed, and buyers are now signing contracts prior to construction at new projects offering 3-bedroom units.
Belgravia Group has recently sold and completed two 24-unit developments, sold out a 40-unit project prior to the start of construction and had, as of ten days ago, 24 contracts on a 50-unit development that won’t begin construction until late this fall. The sole reason for the delay is the time necessary to secure building permits.
Join Belgravia’s founder Buzz Ruttenberg and its CEO Alan Lev for a look at the changing dynamics of the West Loop neighborhood.
Note: Belgravia Group is one of YoChicago’s sponsors.