TJ TALK – Affordable Meets Luxury In The Midwest

September 7, 2021

Today's Featured News

Midwest Multifamily & Affordable Housing Business

Clockwise from left, BKV Group used repetition and economies of scale to design affordable housing community 1500 Nicollet. GI Stone is installing quartz countertops, a durable yet visually appealing engineered stone, at Circle Park Apartments as part of its renovation by owner Related Midwest. McHugh Construction and Bowa Construction will build 43 Green – co-developed by TJ client The Habitat Co. – using time- and cost-saving construction methods.

How can architects and contractors make affordable housing developments look like luxury projects? When we received this inquiry from the editor of France Media’s Multifamily & Affordable Housing Business publications, we knew Taylor Johnson clients BKV Group, GI Stone and James McHugh Construction Co. could supply insightful responses supplemented by current project examples. In the full article, which appeared across the publisher’s five regional magazines, BKV discusses its design of 1500 Nicollet in Minneapolis and Union Flats in St. Paul, Minn.; GI Stone gives tips on how countertops can be on trend and within budget; and McHugh Construction explains how alternative construction methods can reduce time and costs for developers.

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News

Residential Real Estate

*US Annual Home Prices Gain A Record 18% In July

Bloomberg

48% Of Renters Worry They Won’t Ever Be Able To Buy A Home, Survey Finds

CNBC

Homebuyers Aren’t Taking Climate Change Seriously, Says Redfin CEO

CNBC

*Wall Street Can't Get Enough Fixer-Upper Houses

The Wall Street Journal

Buying A Home On A Budget? Here Are America’s 10 Most Affordable Metros

Realtor.com

Commercial Real Estate

There Was No Great Return To The Office On Labor Day

Bisnow

Don’t Mind The Gap In Intergenerational Housing

The New York Times

*Students Are Going Back To Class, And Property Investors Want To House Them

The Wall Street Journal

Sublease Space Remains Biggest Challenge For Office Sector

GlobeSt.

There’s Amazon And Then There's Everyone Else In Industrial

GlobeSt.

Business/Economy

The Summer Brought Signs Of Recovery For Illinois’ Tourism Industry, But Hiring Woes And The Delta Variant Are Hurdles To Full Recovery

Chicago Tribune

*How Office Culture Changed in The Pandemic—From Workers Who Went Back Ages Ago

The Wall Street Journal

Media/Marketing

A New Group For Women In Real Estate Is Expanding Across The Country

(featuring a photo of Sabrina Bier from TJ client Proper Title)

Bisnow

New Website Delves Into Chicago's Rich Industrial And Post-Industrial History

FOX 32 Chicago

In Other News

*How The COVID-19 Threat Could Help Us Breathe Easier At The Office

The Wall Street Journal

Last Week's Top Stories

Construction On Optima Lakeview Development Progresses

(featuring TJ client Optima, Inc.)

Urbanize Chicago

*‘Up-And-Comer’ Developer Makes Headway Without The Banks

Chicago Sun-Times

Job Openings

Public Relations Senior Account Manager – Full-Time Or Part-Time

Taylor Johnson

Office Manager

SGW Architecture & Design

Human Resources Business Partner

Optima, Inc.

Investment Associate

Pangea Real Estate

Director of Human Resources