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Chicago-area joint venture antes up $1 billion for Opportunity Zone development investment

BD+C

The Tax Cuts and Jobs Act of 2017 created the designation “Opportunity Zone,” for which the Internal Revenue Service will allow tax advantages for certain investments in lower-income areas when an Opportunity Fund invests more than 90% of its assets in a zoned property.

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$1.7B Chicago Casino Wins Zoning Approval

ENR Construction

The new Bally's casino has earned city council approval, but still needs a license from the Illinois Gaming Board. .

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Do car-free downtown zones work? Oslo, yes; Chicago, no

BD+C

Two well-researched articles explore the question of whether keeping cars out of downtown is good or bad for business, for people's health, and for the environment.

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Zoning that restricts housing construction also dampens other economic development

BD+C

Zoning restrictions are making the construction of housing more difficult, and that is driving up the cost of housing in many cities. They estimate that zoning restrictions reduced U.S. GDP as a whole by 9% percent a year, or roughly $1.5 trillion a year.

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First Modern Wooden Office Building Planned for Chicago

Construction Equipment

Houston-based Hines Interests is seeking zoning approval for its new project at 1017 W. Division Street in Chicago. The building would be similar to the seven-story T3 office building finished in 2016 in Minneapolis which was built using engineered wood with each floor separated by a concrete layer.

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Flagship Store Retail Construction: 3 Reasons Brands Still Build in a Flagship Location

HardHatChat

Apple’s first flagship store was in Chicago on Michigan Avenue, where tourists and locals alike quickly became familiar with – and grew to love – the unique environment it offered to interact with the brand’s latest products. Our very first project with the brand was to relocate its original Chicago flagship store to Michigan Avenue in 2008.

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How to Win the Olympics of International Retail Construction

HardHatChat

With the 2012 Summer Olympics right around the corner, it got me thinking that with London six hours ahead of Chicago, much of what we’ll be watching will be old news taped from earlier in the day. But it’s not just a difference in time zones that needs to be overcome in order to have a successful international retail construction project.

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