Lg Development News Today

Working just three blocks apart in Phoenix’s burgeoning downtown Central Avenue corridor, Layton Construction Co. teams are simultaneously completing two high-rise projects that will collectively add almost 2.5 million sq ft of mixed-use residential, student housing, office and retail space.

Chicago company buys U.S. Bank property on Broadway, preps for mixed-used project

Also: Pre-sales begin for Germantown residential development; Midtown site prepped for tower

Before the COVID-19 pandemic hit, downtown Chicago was in the midst of a building boom that local officials say was notable for what it didn’t include: minority-owned development firms. “There were 61 cranes in the sky, and each crane represented a project worth up to hundreds of millions of dollars,” said Leon Walker, managing partner of developer DL3 Realty. “It was a point of pride for the ...

Also: Planned Midtown development at U.S. Banks site sees progress

Two Chicago companies seek respective developments on Broadway, McGavock sites

LG Development is selling the Jax building in West Loop, and a joint venture between D2 Realty and Wood Partners is selling the Alta Grand Central downtown.

Amid high occupancies and rising rents, it should be a good time to sell a luxury apartment building. It's not that simple.

Chicago development company has yet to purchase bank site needed for mixed-used building

Chicago-based LG Development Group is doing site preparation work on a downtown Milwaukee parcel. A six-story, 197-unit apartment community is coming.