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City of Big Shoulders Is Tops for Seniors Housing Development, But Will that Weigh it Down?

Published Tuesday, October 27, 2009

Forget about the failed Olympic bid or another disappointing season for the Cubs. Chicago is second to none in seniors housing. In fact, the Chicago area heads the list of big metro markets with the most new units under construction. Even more product is poised to hit the market as developers move ahead with plans for a handful of big projects. Although the construction wave raises concerns about a potential supply glut, sources say a recent upswing in leasing activity could help absorb some of that space after several years of rising vacancies. ...

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